WATCoin (WAT): Gamify Token Mining with TON Blockchain
What is WATCoin (WAT)?
WATCoin (WAT) is a blockchain initiative developed to reward GMEE token holders and the wider GAMEE community. Initially launched as the Phoenix Protocol on February 8th, 2024, the project has since evolved into the WATCoin, with a central character known as the WatBird. The WATCoin is structured around a series of episodes, each offering participants the opportunity to earn WatPoints—rewards that will have significant utility as the project progresses.
The protocol encourages community engagement through various activities, such as staking GMEE tokens, participating in NFT communities, and engaging in Telegram-based mining activities. By participating in these activities, users can earn WatPoints, which will play a crucial role in future developments within the GAMEE ecosystem.
Who Created WATCoin (WAT)?
WatBird was created by GAMEE, a leading social gaming platform that has consistently pushed the boundaries of what’s possible in the intersection of gaming and blockchain technology. GAMEE is a part of Animoca Brands, a prominent player in the blockchain gaming space known for pioneering various successful projects.
Animoca Brands has made a name for itself by developing and investing in a wide array of blockchain-based products, particularly those that involve NFTs and DeFi. GAMEE, leveraging the expertise and support from Animoca, has built a reputation as a hub for casual mobile gaming, integrating blockchain elements like the GMEE token to reward players and create a thriving, interactive community.
What VCs Back WATCoin (WAT)?
WatBird and the broader WATCoin are not just creative experiments; they are backed by serious financial and strategic support. One significant backer of this project is the TON Ventures.
The involvement of TON in WatBird’s development and launch highlights the seriousness and potential scale of this initiative. TON’s backing not only provides financial support but also offers access to a broad network of partners, developers, and users within the TON ecosystem. This backing ensures that WatBird is not just another fleeting digital mascot but a significant player in the rapidly growing field of blockchain gaming.
In addition to TON, WatBird and the WATCoin have attracted partnerships with various top-tier projects such as Bitget, Mocaverse, Notcoin, Space Doodles, Pudgy Penguins, and more.
How WATCoin (WAT) Works
The WATCoin, where WatBird plays a central role, is structured around a series of episodes, each offering different ways for participants to earn rewards, known as WatPoints. These episodes are designed to engage users in various activities, from staking GMEE tokens to participating in NFT communities and mining WatPoints on platforms like Telegram.
Episode 1: GMEE Soft Staking
The first episode of the WATCoin was GMEE Soft Staking. This was an opportunity for GMEE token holders to stake their tokens and start earning rewards. Soft staking is a more flexible form of staking where participants can earn rewards without locking up their tokens for a fixed period. This episode laid the groundwork for subsequent activities, introducing participants to the concept of earning WatPoints by holding and staking GMEE tokens.
You can stake GMEE to get various rewards here.
Episode 2: The WatPoint Mine
The second episode, known as the WatPoint Mine, shifted the focus to a more interactive form of earning rewards. This episode took place primarily on Telegram, where participants could mine WatPoints using the Telegram WatPoint Mining app. This mining activity allowed users to earn WatPoints passively, simply by interacting with the app. Over time, a casual and fun racing game called Wat Racer was added to this episode, providing even more opportunities to earn WatPoints.
You can play the game Wat Racer here.
Episode 3: GMEE Hard Staking
In the third episode, the WATCoin introduced GMEE Hard Staking, a more committed form of staking compared to the earlier soft staking. In hard staking, participants lock their GMEE tokens for a fixed period—either 30 or 60 days—in return for higher WatPoint rewards. This episode added a layer of strategy, as participants had to choose the duration of their staking carefully to maximize their rewards. The longer the staking period, the greater the number of WatPoints earned.
Episode 4: NFT Communities
The fourth episode, NFT Communities, extended the reach of the WATCoin to NFT holders. This episode allowed participants who held eligible NFTs, including top-tier collections like Mocaverse, Space Doodles, and Pudgy Penguins, to earn WatPoints daily. By integrating with these NFT communities, the WATCoin broadened its appeal and brought in new participants who might not have been directly involved with GMEE tokens previously.
Each of these episodes not only introduced new ways to earn WatPoints but also expanded the WATCoin's ecosystem. As users engaged with different activities, they became more invested in the community, contributing to the growth and sustainability of the entire project.
You can mine WatPoints using NFTs here.
The Role of WatPoints: What They Are and How They Work
WatPoints are the core rewards within the WATCoin. Participants earn them through various activities, including staking GMEE tokens, mining on Telegram through playing a game, and participating in NFT communities. WatPoints are accumulated over time and serve as a measure of a participant's engagement with the WATCoin.
While the exact use of WatPoints will be revealed in the final episode of the WATCoin, they currently serve as an incentive for participants to stay engaged and continue participating in the ecosystem. The accumulation of WatPoints also creates a sense of anticipation and excitement within the community, as participants speculate on what the final rewards might be.
WatBird: A Community-Driven Mascot
One of the unique aspects of WatBird is its role as a community-driven mascot. Unlike the Phoenix that came before it, WatBird has a developing lore and character that evolves as the WATCoin progresses. This narrative aspect makes WatBird more than just a symbol; it becomes a character that the community can rally around, adding a layer of engagement that goes beyond the technical aspects of the protocol.
The community around WatBird is encouraged to create memes and participate in shaping its story, contributing to the evolving lore through social media interactions and community events. This participatory approach helps build a sense of ownership and belonging among the participants, making the WATCoin not just a series of episodes but a shared journey.
WAT Goes Live on Bitget
While the WATCoin is still in its early stages, the roadmap ahead promises exciting developments for participants. The protocol’s episodes will continue to evolve, offering new ways to earn WatPoints and engage with the GAMEE ecosystem. The final episode of the WATCoin is expected to reveal the full utility of WatPoints, providing a significant incentive for participants to stay involved and accumulate rewards.
The introduction of WAT, the upcoming token to be released on TON, is another key milestone in the protocol’s development. WAT will further enhance the value of WatPoints and provide additional utility within the ecosystem.
Trade WAT on Bitget now!
WAT on Bitget Pre-Market
WAT is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it!
Start time: 11 September, 2024
Bitget Pre-Market offers flexibility in trading activities with two settlement options:
● Coin settlement, which uses a 'cash on delivery' method where a security deposit is forfeited if the seller fails to deliver.
● USDT settlement, a new option where trades are settled in USDT at the average index price at the last minute.
To use Bitget Pre-Market, follow these simple steps:
Step 1: Go to the Bitget Pre-Market page.
Step 2:
● For Makers:
○ Choose the desired token and click on ‘Post Order’.
○ Specify Buy or Sell, enter price and quantity, review details, then confirm.
● For Takers:
○ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm.
For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading .
Get WAT on Bitget Pre-Market now!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
