Introduction
The TON (The Open Network) blockchain has gathered a lot of attention since its inception for its unique features and for the different milestones it has hit; among these milestones includes outpacing Ethereum in daily active addresses in 2024.
The growth percentage of the TON blockchain since its launch is approximately 18,285.71%, making its success so prominent in the blockchain and crypto community.
For this reason, the most credible coins and tokens launched on this blockchain, with great community and utility, have been a success. Another new token with a great community of over 120+ million users has been launched on this blockchain; this token by the name WAT token is changing and simplifying blockchain gaming with its unique innovation.
How is this token changing the blockchain gaming industry, and who is behind this token with over 120+ million users, over 3.5 million daily active users, and 5.2 million connected wallets?
Continue reading to find out, as this article will explore the WAT token and how it will impact the crypto industry, specifically the blockchain gaming industry.
What Is Watcoin?
Watcoin (WAT) is a blockchain-powered gaming initiative created by GAMEE, a Web3 mobile gaming platform. Built on The Open Network (TON), Watcoin intends to bring casual gamers into the Web3 ecosystem by providing a pleasant and participatory gaming experience.
WAT is currently the second largest TON gaming ecosystem with 120 million+ users and one of the highest user retention numbers of 25% among leading TG games.
The game involves a bird figure in a box cart, and players must navigate through levels to accumulate WatPoints, which can be redeemed for real-world assets.
The Watcoin platform’s key feature is its community-driven approach. The project aims to reward gamers for participating with WatPoints, which can be converted to real-world assets.
With millions of active users and wallets, Watcoin aims to simplify blockchain gaming by removing traditional entrance barriers, making it easier for users to connect with cryptocurrency in a casual gaming environment.
Background and History of Watcoin
Launched in June 2024, the Watcoin project is incubated by GAMEE (a mobile studio with ten years of expertise funded by Animoca Brands and Binance Labs), with additional funding from Pantera, Kingsway, TON Ventures, and the TON Foundation.
WAT will be the go-to platform for all TON initiatives in the Animoca portfolio and partners (previous collaborations include Notcoin and Blum), and it will continue to accumulate value from the rising network effect created by the partnerships.
Watcoin operates within the TON blockchain environment, allowing players to earn WatPoints by performing in-game tasks, joining NFT communities, or staking GMEE tokens (GMEE token is the token that powered the GAMEE platform, which acts as the currency of access and governance in the GAMEE platform).
These points are the major reward mechanism, and they may be collected via navigating the Wat Racer game or mining on services like Telegram.
The platform also contains staking features, which allow gamers to lock their GMEE tokens for set periods of time in exchange for more WatPoints.
The WAT token has a total market supply of 69.696 billion. Out of this total supply, 72% is allocated to the token ecosystem, which will be released in stages; 11% is allocated to the project development, which was locked at TGE (Token Generation Event); 9% will be allocated to incubation pool which was unlocked at TGE (Token Generation Event), 3% will be allocated to marketing, and the remaining 5% will be allocated to Advisory board.
The Price Change of WAT Token on CoinEx
The WAT token was listed on CoinEx on September 25 2024, and deposit, withdrawal, and trading were available.
While the WAT token is down by over 9% since it was listed on CoinEx as of September 25, 2024, the lowest price of the token is $0.0005729, was recorded on September 23, 2024, and the current price is over 50% higher than the all-time low price.
The potential for the WAT token is great as it already has a great community, and that’s what any crypto project needs to be successful.
Due to the appealing features of the Watcoin game, more users continue to sign up for it, and as more users play this game, the price of the WAT token will be positively impacted, both now and in the future.
In addition to gameplay, Watcoin’s ecosystem enables the collection and trading of digital assets. Web3 technologies, such as decentralized ownership of in-game assets, are seamlessly integrated, adding value to players’ efforts.
This vital feature will also greatly influence the token’s price as more users collect and trade digital assets on the Watcoin ecosystem.
Overview
- Name: WAT
- Official link: https://www.gamee.com/
- White paper link: https://docs.google.com/presentation/d/18fSuFxrW05eCPcpeY14X8z7EdznWB0i_OEb0n8YKA0M/edit#slide=id.g30063856374_1_24
- Explorer: https://tonviewer.com/EQCEqz2x3-Ub_EO4Y5798NNoqKw1tP_tJ6b9y-X0C4uvs8Zf
- Total supply: 69.696 Billion
- Contract address: EQCEqz2x3-Ub_EO4Y5798NNoqKw1tP_tJ6b9y-X0C4uvs8Zf
- Telegram: https://t.me/watcoin
- Supported CEX: CoinEx, Bitget
- Convenient for users to know in time: https://www.coinex.com/en/info/WAT
*This article does not constitute investment advice.
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