Bitget Lists Solana-based Memecoin Watercoin (WATER)

Bitget Lists Solana-based Memecoin: Watercoin (WATER) now available on PoolX

Press release

Victoria, Seychelles, June 25th, 2024 - Bitget, the leading cryptocurrency exchange and Web3 company, announced the listing of Watercoin ecosystem based WATER tokens on PoolX for users to reap stake-to-mine benefits. With this, Bitget presents users a chance to accumulate more tokens via staking avoiding extra costs of purchasing newer tokens. This stake-to-mine feature is now live with a pool of 40,78,000 WATER tokens for distribution. The token allocation will be determined by the user's staked tokens and the mining period has begun from 1 PM UTC, 25th June, 2024.

PoolX, Bitget's cutting-edge staking platform, continues to revolutionize the crypto landscape by distributing rewards hourly based on staked amounts. Unlike most decentralized staking products, PoolX allows users to effortlessly earn popular tokens by staking stable and trusted cryptocurrencies such as BGB, BTC, ETH and USDT. Since its debut on April 8, PoolX has launched over 40 selected projects including the recent hot tokens such as Ethermail (ENT), ArtFi (ARTFI), ZkSync (ZK), with a total stake amount accumulated to over 1 billion.

Watercoin is the latest trending memecoin on the Solana blockchain serving a net-positive impact on the real world. The unique approach sets it apart from typical meme coins by implementing strategic measures to ensure stability and build trust within the community. Influencers promoting WATER are committed through vesting contracts, preventing abrupt sell-offs and ensuring long-term engagement with the project. Additionally, the absence of perpetual trading for the first 90 days creates a stable environment for early holders.

Watercoin ensures fair asset redistribution among its holders while simultaneously supporting charitable causes. The token offers a way for holders to contribute to helping others without incurring personal loss. Additionally, the team is continuously refining their financial models and marketing strategies to unlock the full potential of the token. This approach aims to enhance the token's market performance and broaden its impact, creating value beyond the typical scope of memecoins.

With a focus on providing users with opportunities to invest in popular and valuable projects, Bitget is now one of the top 10 crypto spot trading platforms with over 900 coins and 1000+ pairs. Bitget continues to lead in the crypto derivatives market, with its Open Interest (OI) indicator surging past $6 billion last month, securing a substantial 25% share of the total market. In the past 30 days, Bitget recorded the highest monthly inflow among all centralized exchanges, with $1.3 billion in new capital, strengthening its position as an industry leader.

For more information about WATER tokens on Poolx, please visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For media inquiries, please contact: media@bitget.com

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