ROAD TOWN, Tortola, Sept. 02, 2026 (GLOBE NEWSWIRE) — ChainSpin reports rapid early uptake for the $SPIN token sale while expanding a live crypto gaming ecosystem and developing a prediction-market platform.
ChainSpin has announced that its recently launched $SPIN presale has raised more than $170,000 within days of opening, with over 30% of Stage 1 already sold. The early milestone comes as the company continues operating its live casino and sportsbook platform while developing the next phase of the wider ChainSpin ecosystem.
Unlike token launches built primarily around products scheduled for future development, ChainSpin enters its presale with its core gaming platform already operational. The casino offers thousands of games, while the sportsbook supports both pre-match and in-play markets.
The company said a further presale price increase is approaching within days as the sale progresses through its staged structure.
Live Platform Underpins the $SPIN Ecosystem
ChainSpin has structured the $SPIN launch around an existing product rather than making the casino and sportsbook dependent on the completion of the token sale.
The casino includes thousands of slots, live tables and other gaming products, while the sportsbook operates across a broad range of sporting markets. ChainSpin says the platform is fully licensed and already has thousands of users.
The $SPIN token is intended to extend that existing platform into a broader GambleFi ecosystem. Under ChainSpin’s published model, a portion of platform-generated revenue is planned to fund open-market $SPIN purchases, with 60% of purchased tokens burned and 40% redistributed to holders as rewards.
ChainSpin has also fixed the maximum $SPIN supply at 1 billion tokens, with no mint function after the token generation event.
The model is intended to create a connection between activity on the operating platform and the token economy that will develop around $SPIN following its public-market launch.
Stage 1 Crosses 30% Within Days of Opening
The $SPIN presale has been structured across 12 stages, with the token price increasing as the sale moves through them.
According to ChainSpin, more than $170,000 has already been raised since the presale opened and over 30% of Stage 1 has been sold. The company expects the next price increase within days.
The early presale activity is taking place while the underlying casino and sportsbook remain operational, allowing ChainSpin to continue building its product and user ecosystem separately from the progress of the token sale.
Crypto Casino Deposits Reach $44.7 Billion
The presale also arrives during a period of significant capital activity across the wider crypto-gaming market.
Tracked on-chain deposits into crypto-native casinos reached $44.7 billion as of July 2026, up 84% year on year, according to industry data based on Tanzanite Terminal tracking. The figure represents tracked deposits rather than operator revenue.
For ChainSpin, the scale of those flows illustrates the addressable market surrounding its existing product. Rather than building a token first and searching for a use case later, the company is developing $SPIN around a casino and sportsbook operating within an already established crypto-gaming sector.
Prediction Markets Planned as Third Product Vertical
ChainSpin is also developing a prediction-market platform built around event-based markets.
The product remains in development and is planned to operate alongside the already-live casino and sportsbook rather than replace either platform. ChainSpin’s current roadmap positions prediction markets as an additional product vertical within the ecosystem.
If successfully launched, the expansion would give ChainSpin three distinct product categories: casino, sportsbook and prediction markets, connected to the broader $SPIN ecosystem.
About ChainSpin
ChainSpin is a crypto casino, sportsbook and GambleFi ecosystem built around the $SPIN utility token. Its casino and sportsbook are already operational, while additional products, including prediction markets, are in development. The $SPIN ecosystem is designed around a fixed token supply, platform utility, open-market buybacks, token burns and holder rewards.
VISIT OFFICIAL CHAINSPIN WEBSITE
Frequently Asked Questions
What is the ChainSpin presale?
The ChainSpin presale is the staged token sale for $SPIN, the utility token designed for the ChainSpin ecosystem. ChainSpin reports that more than $170,000 has been raised and over 30% of Stage 1 has already been sold.
Are the ChainSpin casino and sportsbook already operational?
Yes. The casino and sportsbook are already live, with thousands of casino games alongside pre-match and in-play sportsbook markets.
What is ChainSpin developing next?
ChainSpin is developing an event-based prediction-market platform intended to complement its existing casino and sportsbook as an additional product vertical within the ecosystem.
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