This brand name is related to a topic of "water". It's catchy and easy to pronounce.
The word "waterate" contains eight letters and three syllables. Three syllable names are used by established brands like Vodafone, Adobe and Sainsbury's.
This domain was first registered in December 2016. Older domains have an advantage when ranking in search engines.
Waterate.com is a dot-com domain. Dot com domains are the most valuable domain extension in the world, used by famous websites like youtube.com. Once you own a dot-com, it will be much easier to rank for your own name in Google.