Sweatcoin is a widely popular mobile fitness app launched in 2016, boasting over 110 million users globally. The app encourages healthier lifestyles by rewarding users for their daily physical activities. Users earn Sweatcoin, a non-crypto virtual token, as an incentive for their exercise efforts. Recently, Sweatcoin introduced Sweat Economy, a web3 initiative featuring the SWEAT crypto token and Sweat Wallet.
The co-founders of Sweat Economy include Oleg Fomenko, Anton Derlyatka, Egor Khmelev, and Henry Child. Fomenko brings extensive entrepreneurial experience, while Derlyatka possesses a strong background in business and fitness tech. Khmelev contributes technical expertise, and Child offers a wealth of knowledge in finance and crypto.
Sweatcoin distinguishes itself by incentivizing physical activity to promote healthier living and reduce carbon footprints. The app's move-to-earn (M2E) model rewards users with crypto for staying active, contributing to a more active global community. Sweat Economy aims to leverage its existing user base and application to transition into a web3 lifestyle application.
The total supply of SWEAT tokens is uncapped, with inflation rates adjusted based on user activity. However, the team implements decreasing inflation rates to ensure sustainability. SWEAT and Sweat Wallet are built on the NEAR protocol, utilizing a proof-of-stake (PoS) consensus mechanism for security.
Trading for SWEAT tokens is set to commence on September 12, 2022. As for its potential value, it remains uncertain whether SWEAT can reach $1, as it depends on various factors such as market demand and adoption.
For those interested in purchasing SWEAT tokens, top cryptocurrency exchanges include OKX, Bybit, Bitfinex, and Kucoin, among others. These exchanges provide platforms for trading Sweat Economy tokens at the prevailing rates.
Sweatcoin is a widely popular mobile fitness app launched in 2016, boasting over 110 million users globally. The app encourages healthier lifestyles by rewarding users for their daily physical activities. Users earn Sweatcoin, a non-crypto virtual token, as an incentive for their exercise efforts. Recently, Sweatcoin introduced Sweat Economy, a web3 initiative featuring the SWEAT crypto token and Sweat Wallet.
The co-founders of Sweat Economy include Oleg Fomenko, Anton Derlyatka, Egor Khmelev, and Henry Child. Fomenko brings extensive entrepreneurial experience, while Derlyatka possesses a strong background in business and fitness tech. Khmelev contributes technical expertise, and Child offers a wealth of knowledge in finance and crypto.
Sweatcoin distinguishes itself by incentivizing physical activity to promote healthier living and reduce carbon footprints. The app's move-to-earn (M2E) model rewards users with crypto for staying active, contributing to a more active global community. Sweat Economy aims to leverage its existing user base and application to transition into a web3 lifestyle application.
The total supply of SWEAT tokens is uncapped, with inflation rates adjusted based on user activity. However, the team implements decreasing inflation rates to ensure sustainability. SWEAT and Sweat Wallet are built on the NEAR protocol, utilizing a proof-of-stake (PoS) consensus mechanism for security.
Trading for SWEAT tokens is set to commence on September 12, 2022. As for its potential value, it remains uncertain whether SWEAT can reach $1, as it depends on various factors such as market demand and adoption.
For those interested in purchasing SWEAT tokens, top cryptocurrency exchanges include OKX, Bybit, Bitfinex, and Kucoin, among others. These exchanges provide platforms for trading Sweat Economy tokens at the prevailing rates.
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