The Wat Protocol is a reward initiative for GMEE token holders on Ethereum and the GAMEE community, launched on February 8th, 2024. Initially known as the Phoenix Protocol, it aims to enhance the utility of the GMEE token through a series of episodes where participants can collect WatPoints. The initiative features the WatBird, a meme character central to the protocol.

Episodes in the Wat Protocol

1. Episode 1: GMEE Soft Staking (Finished)
2. Episode 2: The WatPoint Mine
3. Episode 3: GMEE Hard Staking

What are WatPoints?

WatPoints are collectible points within the Wat Protocol, earned through various episodes and events in the GAMEE ecosystem. The purpose of WatPoints will be revealed in the final episode of the Wat Protocol.

Key Features of Wat Protocol Episodes

Episode Two: The WatPoint Mine

• Activity: Mining WatPoints on Telegram.
• Requirements: A Telegram account.
• Participation Link: Telegram WatPoint Mine.

Episode Three: GMEE Hard Staking

• Activity: Hard-staking GMEE tokens on Ethereum.
• Staking Options: 30 days or 60 days (more WatPoints for 60 days).
• Minimum Staking Amount: 1000 GMEE.
• Upper Limit: No upper limit.
• Staking Process:
  • Visit the Wat Protocol website.
  • Connect your wallet holding GMEE tokens on Ethereum.
  • Choose your staking amount and period.
  • Claim WatPoints from the site.
• Safety: GMEE tokens are locked in a contract for the chosen duration and returned afterward. Early withdrawal incurs a 5% tax.
• Adding More GMEE: Allowed but resets the staking period.

Must Read: Bondex: Connecting Talent, Companies, and Recruiters

How to Connect Your Wallet

• Mobile: Use Wallet Connect and select your Ethereum wallet.
• Desktop: Connect directly or use Wallet Connect if your wallet is not listed.

Collecting WatPoints

• Episode Three: Staking GMEE for different Loot tiers.
• Episode Two: Mining via Telegram app.
• Other Events: Challenges in Arc8 Mocaverse Season, GAMEE Zealy quest.

Managing WatPoint Balances

WatPoints collected from staking are stored on the Wat Protocol website. Points earned elsewhere, like Telegram or Arc8, are stored in the respective platforms. Currently, these balances cannot be merged.

Exclusivity and Network

• Network: Ethereum exclusive.
• Bonus Rewards: Given to previous GMEE holders on Polygon.

Participation in the Wat Protocol

To engage with Episode Two, use the provided Telegram link. For Episode Three, visit the Wat Protocol website to stake GMEE and earn WatPoints. Stay updated on new episodes and opportunities via Telegram, Twitter, and Medium.