Bitget, a crypto exchange and Web3 firm, has added Watercoin ecosystem-based WATER tokens to its PoolX platform.

This allows users to possibly earn benefits by staking their tokens for mining. Users can accrue tokens by staking, so avoiding the additional expenses associated with buying newer tokens.

PoolX, the staking platform developed by Bitget, has transformed the crypto industry by distributing rewards on an hourly basis according to the amount of crypto that users have staked. PoolX has launched more than 40 projects, such as Ethermail, ArtFi, and ZkSync, since its introduction on April 8.

Watercoin is a recently popular memecoin on the Solana blockchain. According to the team, influencers who endorse WATER are bound by vesting contracts, which prevent sudden selling and guarantee sustained involvement with the project. The lack of continuous trading over the initial 90 days can establish a steady atmosphere for early investors.

In addition, the team says that Watercoin guarantees equitable distribution of assets among its shareholders while also providing assistance for philanthropic endeavors.

The team emphasized that they are consistently improving their financial models and marketing techniques to fully use the token’s potential, with the goal of enhancing its market performance and expanding its effect beyond the usual realm of memecoins.

Yesterday, Bitget Wallet has announced the implementation of an extensive support package for the TON network, bolstering its integration with decentralized applications in the TON ecosystem.