The post WATCoin pumped over 40% following Animoca brands’ investment plans appeared on BitcoinEthereumNews.com.

The Telegram mini app Watbird’s coin, WATcoin price increased by over 40% to 0.000398 USD in the last 24 hours. It got a boost from Animoca Brands with a market cap currently at about $17M and a traded volume of $1M Previously the rates for WATCoin had been descending over 85% in the last 24 days. But the situation changed just as Animoca Brands made an announcement today regarding the token. The blockchain company shared its plan to invest in more WAT tokens from the open market in order to support the project. It is also worth noting that it was Animoca Brands’ subsidiary company GAMEE which developed the WatBird Telegram Mini app. As Animoca is the big investor in Telegram-backed Toncoin, the investment in $WAT  is aligned with the company’s support for the TON ecosystem. “Through the token purchase, Animoca Brands reinforces its commitment to WatBird’s role in supporting the broader TON ecosystem” – Animoca Brands However, the company did not go into specifics regarding the purchase of WAT tokens in its announcement.  WATCoin and WatBird have become prominent in the Toncoin Ecosystem The holders of the WAT token can use it in many ways within the app, Watbird. The top of these use cases is that WAT tokens work proportionally with the rank in the app. As a result, higher ranks mean more perks, airdrops, and overall premium access. Furthermore, holders can also use $WAT to buy limited collectibles enabling their customization. Therefore, WAT holder can obtain game perks with higher levels as well as increase their status. One token. Unlimited potential! 🚀 $WAT fuels the entire WatBird Universe—a place where your status, strategy, and skills come together to unlock massive rewards. 🔥 Frens, $WAT is the key to everything: 1⃣ Status is Power – your $WAT balance…

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Filed under: News - @ October 17, 2024 9:21 pm