Bitget Lists WATCoin: Key Details

YEREVAN (CoinChapter.com) — Bitget listed WATCoin (WAT) to its trading platform on Sep. 23, 2024. This addition enables users to lock in well-known cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), and Mocacoin (MOCA)—to acquire WAT. The event, designed to facilitate user engagement, will extend for ten days.

WATCoin Farming Event Begins on Bitget’s PoolX Platform

On Sep. 23, 2024, at 10:00 AM UTC, Bitget initiated a WATCoin farming event on its PoolX platform. During this event, participants have the opportunity to lock their WAT tokens and share in a substantial reward pool totaling 71,400,000 WAT. Consequently, the staking will be available until Oct. 3, 2024, thus providing users with a chance to augment their holdings by staking their acquired WAT.

Overview of WATCoin’s Role and Distribution on Bitget

WATCoin plays a crucial role in the TON blockchain’s gaming ecosystem, supported by GAMEE, a mobile gaming studio, along with major crypto entities such as Animoca Brands and Binance Labs. Consequently, the token aims to unify TON-related projects, which enhances its usability and potential for growth.

There are three pools where participants can lock their assets: BTC, ETH, and MOCA. Each pool has predetermined limits on contributions, ensuring that participants receive WAT in proportion to the assets they lock, thereby promoting fair distribution.

To ensure accuracy and fairness in distributing WAT, Bitget takes hourly snapshots of the locked volumes. Therefore, participants can unlock their assets at any time, which makes the distribution process transparent and efficient.

Furthermore, the Bitget Wallet supports multiple blockchain networks and offers services such as crypto swaps and access to decentralized applications (DApp), enhancing user engagement and convenience.

Surge in Trading on Bitget Following Farming Event Launch

Moreover, recent trading on Bitget shows strong activity for WATCoin (WAT). Its current price stands at 0.00073470 USDT. Over the past 24 hours, WATCoin’s value surged by 818.38%. It reached a high of 0.00192961 USDT and dropped to a low of 0.00008000 USDT.

During this period, over 3.01 billion WAT tokens were traded. This equals around 3.86 million USDT in total trade volume.

Without a doubt, the sharp rise in price and trading activity likely results from the recent launch of the WATCoin farming event on Bitget’s PoolX platform.