SWEATPrice

(SWEAT)

SWEAT is a cryptocurrency generated by physical movement, designed to integrate physical activity into the Web3 economy. It evolved from the Sweatcoin app, which rewards users for being active. Its primary purpose is to tokenize movement, allowing users to mint SWEAT by validating steps through the Sweatcoin app. The project aims to create an "Open Economy of Movement," incentivizing a more active lifestyle by making physical activity a recognized and valued part of the global digital economy, with plans to expand beyond steps to other activities like swimming or cycling in the future.

You earn SWEAT primarily by validating your steps through the Sweatcoin app. Initially, existing Sweatcoin users received SWEAT during the Token Generation Event (TGE) in September 2022. Post-TGE, you mint SWEAT by completing your first daily steps within a specific range, while earning sweatcoins for subsequent steps. For example, Free Plan users currently earn SWEAT for steps between 3,000 and 10,000 daily, and Premium users for steps between 3,000 and 20,000 daily. The number of steps required to mint one SWEAT increases over time, encouraging early adoption. Additional earning opportunities include lessons and "Spin the Wheel" features.

The Sweat Wallet is a dedicated application that leverages Web3 to provide various decentralized finance (DeFi) services and unlock value for users. It functions as a hot wallet where you can securely receive, send, and store your cryptocurrencies and tokens. Beyond basic storage, the Sweat Wallet offers advanced features such as staking for potential rewards, crypto-to-crypto trading capabilities, an educational "Learn to Earn" program, an interactive NFT game, and participation in decentralized governance. It serves as the central hub for managing your SWEAT and engaging with the Sweat Economy's broader Web3 offerings.

Holding SWEAT tokens provides several advantages within the Sweat Economy ecosystem. Users can stake their SWEAT to earn on-chain rewards and accumulate points, which can activate multiplier systems to boost their overall earnings. Staking also allows for participation in decentralized governance, giving holders a say in the project's future direction. Furthermore, SWEAT can be applied to Non-Fungible Tokens (NFTs), potentially enhancing their value or utility. Access to improved features within the Sweat Wallet App is another benefit, making SWEAT integral to fully utilizing the platform's offerings.

Sweatcoin is the original mobile application where users earn an in-app currency, "sweatcoins," purely for their physical movement. SWEAT, on the other hand, is a distinct cryptocurrency that represents the Web3 evolution of this concept. While sweatcoins are an internal app currency, SWEAT tokens are actual digital assets on a blockchain with real market value. The connection is that users primarily mint SWEAT tokens through their validated steps within the Sweatcoin app. Although related, sweatcoins and SWEAT are not directly exchangeable at present, with SWEAT serving as the blockchain-based reward for movement.

SWEAT is native to the NEAR blockchain. This choice of blockchain was made due to NEAR's notable characteristics, including its low transaction costs, high processing speeds, and eco-friendliness. These attributes make it well-suited for a project like Sweat Economy, which anticipates a high volume of transactions related to user movement and rewards. While SWEAT originates on NEAR, it can be bridged to other blockchains, such as Ethereum, to facilitate broader interoperability and access within the wider cryptocurrency ecosystem, though this requires specific bridging mechanisms.