WATCoin (WAT) is a blockchain-based gaming token created by GAMEE, a Web3 mobile gaming platform. Built on The Open Network (TON), WAT aims to attract casual gamers to the Web3 ecosystem through fun and engaging gaming experiences. The token is a part of the second-largest TON gaming ecosystem with over 120 million users.
WATCoin is designed to reward players with WatPoints for participating in games, which they can redeem for real-world assets. It aims to simplify blockchain gaming by reducing traditional barriers to entry, making it more accessible to users through casual gameplay on platforms like Telegram.
The Wat Protocol, initially known as the Phoenix Protocol, is GAMEE's rewards system for GMEE token holders on Ethereum and participants across the GAMEE ecosystem. WatPoints, previously referred to as "Loot," are points collected through the Wat Protocol. Their specific purpose will be disclosed in future episodes. WatPoints collected via the protocol cannot currently be merged with points earned elsewhere (e.g., Telegram or Arc8). However, there will be an option to combine these balances before the protocol concludes.
WATCoin (WAT) is a gaming token built on the TON blockchain, designed to bring casual gamers into the Web3 ecosystem. It is part of the GAMEE platform, a Web3 gaming initiative that allows players to earn rewards, known as WatPoints, through various activities. These activities include staking GMEE tokens, participating in NFT communities, and mining WatPoints using a Telegram-based mining app.
WATCoin operates through episodes that offer different ways to engage and earn. For instance, in "GMEE Soft Staking," users could earn rewards by staking GMEE tokens flexibly. In "The WatPoint Mine," users mine WatPoints interactively on Telegram. "GMEE Hard Staking" offers higher rewards for locking tokens for fixed periods, and "NFT Communities" rewards participants who hold eligible NFTs with daily WatPoints. The earned WatPoints have utility in the GAMEE ecosystem and contribute to future developments within the platform.
WATCoin (WAT) was launched in June 2024 and was incubated by GAMEE, a Web3 mobile gaming platform. GAMEE has ten years of experience in mobile gaming and is backed by Animoca Brands and Binance Labs. The project also received funding from Pantera Capital, Kingsway, TON Ventures, and the TON Foundation. WATCoin operates within the TON ecosystem, aiming to bring casual gamers into the Web3 space through engaging games and rewards.
WATCoin has a roadmap that outlines its future developments, which include introducing new features and ways for players to earn rewards within the ecosystem. The roadmap focuses on enhancing the WATBird IP and expanding the utility of the WAT token within the platform.
WATCoin serves as the native currency of the WatBird Universe, facilitating various activities within the ecosystem. WATCoin (WAT) is used within the GAMEE gaming ecosystem to reward players for their participation. You earn WatPoints by playing games, staking GMEE tokens, and joining NFT communities. These points can be converted into real-world assets.
Additionally, you can trade WATCoin against other cryptocurrencies on the KuCoin spot market, specifically with the WAT/USDT trading pair. However, ensure that you undertake trading decisions only after doing your own research (DYOR).
WATCoin (WAT) has a total supply of 69.696 billion tokens. The token distribution is allocated as follows:
> 72% to the ecosystem, which will be released in stages.
> 11% for project development, locked at the Token Generation Event (TGE).
> 9% to the incubation pool, unlocked at TGE.
> 3% allocated for marketing.
> 5% for the advisory board.
Period | Change | Change (%) |
---|---|---|
Today | $-0.00001906 | -4.52% |
7 Days | $-0.00011211 | -21.14% |
30 Days | $-0.0000737 | -14.99% |
3 Months | $0.00033807 | 422.42% |
Investing in WATCoin (WAT) offers several advantages. First, it has a strong community-driven ecosystem with over 120 million users and a high user retention rate of 25%, indicating a solid and active base. You can use WAT tokens for in-game purchases, upgrades, and other items that enhance your gaming experience. Additionally, the token incentivizes players with rewards for participating in games, completing quests, and achieving milestones.
WATCoin also offers staking opportunities, allowing you to lock your tokens in exchange for WatPoints, which you can convert into real-world value. The gaming ecosystem's growth on The Open Network (TON) brings more utility and potential for increased value as more users join and participate actively.
The WAT price prediction is influenced by several factors:
1. Community Growth: WATCoin has a strong community-driven ecosystem with over 120 million users. As more players join the platform and engage with the games, demand for the token increases, potentially driving up the WATCoin price.
2. User Engagement: WATCoin’s use within the gaming platform, such as purchasing in-game items and staking, adds utility to the token. Higher participation rates, such as staking GMEE tokens for WatPoints, can positively impact WATCoin's value.
3. Market Activity: Trading volume and overall market sentiment affect the WAT token price. Recent changes in trading volume can signal market activity, with a higher volume often indicating increased interest in the token.
4. Ecosystem Growth: WATCoin’s integration with Web3 gaming and the broader TON ecosystem plays a role. The token benefits from partnerships and collaborations within this space, which may enhance its utility and adoption, supporting the WAT to USD price.
4. $WAT Token Supply: The total supply of WATCoin and how it is released into the market can impact the WAT coin price. A controlled and gradual release of tokens helps maintain scarcity and stability.
5. Game Features and WatPoint Rewards: The ability to earn real-world assets through gameplay and WatPoints provides practical value, encouraging user retention and attracting new players to the ecosystem.
You can earn WATCoin (WAT) in several ways within the GAMEE platform:
1. Staking GMEE Tokens: Stake a minimum of 1,000 GMEE tokens, which is the currency of access in the GAMEE ecosystem. Gamee has introduced a hard-staking mechanism on Ethereum, where GMEE tokens are locked for either 30 or 60 days. The minimum staking amount is 1,000 GMEE, and while there is no upper limit, the more you stake and the longer you do so, the more WatPoints you earn. Staking GMEE in this way is secure, but note that withdrawing the staked amount early incurs a 5% tax on the total staked.
2. Mining WatPoints on Telegram: Participate in the interactive mining activity using the Telegram WatPoint Mining app. This allows you to passively earn WatPoints, which can later be converted into WAT tokens.
3. Participating in Games: Engage in the Wat Racer game and navigate through levels to accumulate WatPoints.
4. Joining NFT Communities: Hold eligible NFTs from top-tier collections like Mocaverse, Space Doodles, and Pudgy Penguins. By joining these NFT communities, you earn daily WatPoints, which can be converted to WAT tokens.
These methods not only allow you to earn WATCoin tokens but also encourage active participation within the ecosystem, helping you accumulate rewards over time. The WATCoin team plans to reveal additional utilities for WatPoints in the future, adding even more incentive to participate in these activities.
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