WATCoin WAT

WAT grew out of the Wat Protocol. GAMEE describes it as a TON initiative created to reward holders of its GMEE token on Ethereum and communities across GAMEE's ecosystem. Over time the protocol became centred on the WatBird character. GAMEE's Q2 2024 update reported that the Wat Protocol officially launched that quarter, with the release of WATCoin still to come. According to GAMEE's wiki, 'Episode Two' of the protocol was WatPoint mining inside GAMEE's Telegram bot, where players collected WatPoints ahead of the token. A racing game, Wat Racer, was added later so players could earn more WatPoints. One Wat Racer competition offered a share of 4,000 USDT.

GAMEE's wiki states that the WATCoin token generation event (TGE) took place on 23 September 2024. Ahead of it, Bitget listed WAT for pre-market trading and announced that the token would be distributed to 5 million wallets at the TGE. Before the TGE, claimants chose where to receive their WAT: in their own wallet or on Bitget. They also picked between two options, 'Solo Flyer (Claim Now)' and 'MoonClub Member'. That choice set how much WAT they received and which extra perks came with it. According to GAMEE, 88% had picked MoonClub by the time the choice closed on 20 September.

According to GAMEE's allocation page, WATCoin has a total supply of 69,696,969,696 WAT. Of that, 72% is earmarked for the community: 60% distributed at the TGE and over the following 3 months, and another 12% held back for future community rewards. The remaining 28% is split between ecosystem development (11%), an incubation pool for market making, launch pools and exchanges (9%), advisory (5%) and marketing (3%). The project states that not all of these allocations were unlocked at the TGE.

In an announcement dated 16 September 2024, Bitget placed WAT in its Innovation, GameFi and TON Ecosystem zone and set up a promotional pool of WAT, with spot trading opening on 23 September 2024. From 20 September 2024 Bitget also ran a Launchpool in which users locked BTC, ETH or MOCA to share 1,571,000,000 WAT. GAMEE's wiki lists WAT/USDT markets on Bitget, KuCoin, Gate, HTX and MEXC. It also lists two STON.fi pools that pair WAT with the native coin of the TON network and with GMEE.

WAT was created by GAMEE, a blockchain gaming platform that was owned by Animoca Brands and backed by Binance Labs at the time of the launch. Both ties concern GAMEE as a company, not funding raised for WAT. After the launch, Animoca Brands said it intended to buy WATCoin on the secondary market and presented this as support for TON. That was a stated plan to buy on the open market, not an investment in the project. GAMEE's ownership has since been the subject of new deals. On 1 October 2025 Animoca Brands and AlphaTON Capital, listed on Nasdaq as ATON, announced a non-binding letter of intent under which AlphaTON intends to acquire GAMEE. A later press release said that Alpha Compute Corp had completed the purchase of a 60% controlling stake in GAMEE from Animoca Brands.

GAMEE said WAT would power the WatBird ecosystem, which it planned to grow with more rewards, blockchain games, partner perks and exclusive collectibles. A WATCoin roadmap published on Bitget's news feed in October 2024 listed more games, MoonClub and a second claim for Q4 2024, and social PvP features for Q1 2025. GAMEE's wiki now places WatBird among its past Telegram projects and describes the WatBird Universe in the past tense. It credits the brand with bringing 6 million newly connected wallets to TON.