#SWEATCOIN WALLET ANDROID#

These cookies ensure basic functionalities and security features of the website, anonymously. Tokenomics phase three (2023-24): Crypto-crypto exchange, NFT marketplace, crypto marketplace curated offers, tiered transaction fees, referral fees, and Sweat DAO.Necessary cookies are absolutely essential for the website to function properly.Tokenomics phase two (Aug-Dec 2022): Dynamic NFTs, Learn to Earn, and Fiat on-ramp (Update: delivered via Moonpay).Tokenomics phase one: staking and rewards.Here’s a roadmap with four Tokenomics phases for the token to excel in the years to come: A promise was made to publish evidence of the buying activity to ensure community transparency.ĭespite being only a couple of months old, there’s a lot in store for SWEAT. This was later followed up with a commitment to use 50% of their profits to buy SWEAT from the secondary market to buy and burn or to be distributed as staking yield.Prior to the TGE, the Sweat Foundation and Sweatcoin announced about burning 4.76 billion of their own SWEAT allocation to bring additional value to users.More than 2 million users downloaded and installed the Sweat Wallet app within 72 hours of the Token Generation Event (TGE).However, it is robust enough to handle token staking, NFT games, etc. Additionally, the Sweat Wallet was launched to be accessible to many Sweatcoin users who have never interacted with a blockchain.

Having been active in web2 for a while with over 120 million global users, Sweatcoin distributed over 4.7 billion of their new web3 SWEAT token to 13.5 million token holders after its recent launch in September 2022.

Here’s a brief look at the token’s launch: Moreover, the founders had a keen interest in how the crypto world and physical fitness could come together, which led to the creation of a new token. Sweatcoin was founded in 2015 by Anton Derlyatka, Oleg Fomenko, Egor Khmelev, and Henry Child, offering a concept ahead of its time. It was a platform that incentivized people to move.

Having an uncapped supply, SWEAT will be harder to mint with time since each SWEAT will require more steps to mint than the last.

This has its own crypto wallet known as SWEAT Wallet.

It will be used to collect revenue from NFT sellers, buy NFTs, take out a subscription to Sweatcoin’s premium services, and collect advertising fees.

The token can be bought, sold, and traded on exchanges.

For every 1,000 verified steps, 1 SWEAT is awarded.

It makes use of Movement Validators to confirm if people are taking the required number of steps in order to issue the crypto.

Here are some important things to know about the token: It is only recently that Sweatcoin entered the crypto space via its own cryptocurrency, Sweat Economy, also known as SWEAT. They can also donate to various environmental, humanitarian, and animal preservation causes. Having a rating of 4.6 on Apple App Store and 4.3 on Google Play Store, Sweatcoin has been No.1 in over 60 countries.įrom high-tech shoes to iPhones, anti-gravity yoga classes, Apple watches, etc., users get to choose from thousands of fabulous branded goods and services in the dedicated marketplace. Following a Move-to-Earn (M2E) model, the app rewards one’s daily steps via walking, running, or exercising with a new-generation currency that can be spent on valuable products, donated to charity, or converted into SWEAT.

#SWEATCOIN WALLET ANDROID#

With over 120 million users, Sweatcoin is a free fitness app for iOS and Android platforms that aims to make people exercise more and promote better living.

Sweatcoin wallet