sweatcoin price - Sweat Economy Price
About Sweat Economy
What Is Sweat Economy (SWEAT) Crypto?
Sweat Economy (SWEAT) is a cryptocurrency that rewards you for physical activity. It was created by the team behind Sweatcoin, a popular Move-to-Earn(M2E) fitness app. With Sweat Economy, you earn SWEAT tokens for every 1,000 steps you take.
The platform aims to incentivize healthier lifestyles and has a large user base, with millions already using the app. You can store and manage your tokens in the Sweat Wallet app. The tokens can be used to redeem rewards, participate in auctions, and even donate to charities.
The platform runs on the NEAR blockchain, which ensures scalability and energy efficiency. It aims to become a major player in the move-to-earn space by encouraging a healthier lifestyle and expanding its user base globally.
Learn more about Sweatcoin and how it works.
How Does Sweatcoin Work?
Sweat Economy (SWEAT) works by rewarding you with cryptocurrency for your physical activity. The app tracks your steps using GPS and your phone’s sensors. For every 1,000 steps, you earn one SWEAT token.
The app uses Movement Validators to ensure that all steps are legitimate and accurately recorded on the blockchain. Sweat Economy plans to decentralize this process, allowing other fitness apps and devices to verify activities and mint tokens.
The tokens you earn are added to your Sweat Wallet. Initially, you earn one SWEAT per 1,000 steps, but this rate decreases over time to maintain token scarcity and value. For example, after one year, 1,000 steps will yield 0.33 SWEAT. You can earn up to 5 SWEAT tokens per day. You can increase this limit by stakingyour tokens, which also allows you to earn additional rewards.
SWEAT tokens can be used to buy products, services, and vouchers from partner brands within the app.
You can also participate in auctions or donate to charities. This system not only incentivizes physical activity but also provides a way to earn and use cryptocurrency through everyday movement?.
History of Sweat Economy and Sweatcoin (SWEAT) Coin
Sweat Economy (SWEAT) was created by the team behind the popular fitness app Sweatcoin. The founders are Oleg Fomenko, Anton Derlyatka, Egor Khmelev, and Henry Child. They launched Sweat Economy to incentivize physical activity by rewarding users with cryptocurrency for their movements.
The Sweatcoin app started in 2015, gathering millions of users globally. The Sweat Economy expanded this concept into the Web3 spacewith the introduction of the SWEAT token. The token generation event (TGE) occurred in September 2022, allowing users to mint SWEAT tokens based on their steps.
Sweat Economy has a detailed roadmap. Key milestones include:
- September 2022: Token generation event and staking feature launch.
- 2023: Launch of Sweat Hero NFTgame, fiat on-ramp, and new staking rewards.
- 2024: Introduction of SweatPay, further decentralization, and multi-chain architecture.
What Is SWEAT Token Used for?
The SWEAT token is used for various purposes within the Sweatcoin ecosystem:
- Rewards:You earn SWEAT tokens by walking or performing physical activities. The tokens serve as rewards for your movement.
- Shopping and Bidding: Use SWEAT tokens to buy vouchers from brands like PayPal, Netflix, Adidas, and Amazon. You can also participate in auctions for various items.
- Staking:Stake your SWEAT tokens to earn more rewards and increase your daily earning limit. Staking also contributes to network security.
- Governance: Holders of SWEAT tokens can participate in governance decisions, such as voting on proposals and changes within the ecosystem.
- NFTs and Games:Use SWEAT tokens in the Sweat Hero NFT game to compete and earn more tokens. Tokens are also used to access and trade dynamic NFTs.
- Donations: Donate your SWEAT tokens to various charity campaigns supported by Sweat Economy.
- Burn Mechanism: Some SWEAT tokens are burnedto control supply and maintain value, enhancing the token's deflationary aspect.
- Trade SWEAT on KuCoin: Trade Sweatcoin cryptoon theKuCoin Spot Marketagainst other cryptocurrencies to make the most of changing market conditions. Buy or sell SWEAT or hold the token long-term if you believe in the future potential of the Sweat Economy. Ensure that you DYORbefore trading $SWEAT in the crypto market.
FAQ
Is Sweat Economy a Good Investment?
Investing in Sweat Economy aligns financial incentives with healthy living, making it an appealing option for those looking to combine fitness and finance?:
- Healthy Lifestyle Incentive: You get rewarded for being active, which encourages a healthier lifestyle. The app tracks your physical activities and rewards you with SWEAT tokens.
- Staking Rewards:By staking your SWEAT tokens, you can earn additional rewards. This provides a passive incomeopportunity with relatively low risk.
- Large User Base: Sweat Economy has a massive user base, enhancing the token's potential for growth and adoption. Over 120 million users have engaged with the platform, creating a vibrant community.
- Multiple Uses:SWEAT tokens can be used to purchase vouchers from well-known brands, participate in auctions, and even donate to charities. This diverse utility adds value to the tokens.
- Deflationary Mechanism: The platform includes token burn mechanisms, which help reduce the circulating supply of SWEAT, potentially increasing its value over time.
- Eco-Friendly Blockchain: SWEAT operates on the NEAR blockchain, known for its scalability and energy efficiency. This ensures that transactions are fast and environmentally friendly.
- Strong Partnerships:Sweat Economy has partnerships with major brands and organizations, providing various benefits and enhancing the ecosystem's credibility and reach.
What Is Sweatcoin Price Prediction?
These factors collectively influence the SWEAT crypto price prediction:
- Supply and Demand of SWEAT Coins:The balance between the number of SWEAT tokens available and the demand for them significantly affects their price. As more people use the Sweatcoin app and earn SWEAT tokens, the supply increases. If demand doesn't keep up, the Sweatcoin price may drop.
- Market Sentiment:News, social media trends, and public perception can cause fluctuations in the SWEAT to USD price. Positive news and endorsements can drive prices up, while negative news can lead to a decline.
- Adoption and Usage:The broader adoption of the Sweat Economy app and its integration into daily fitness routines can drive demand for SWEAT tokens, potentially increasing the $SWEAT price.
- Partnerships and Collaborations:Partnerships with major brands and organizations enhance the utility and visibility of SWEAT tokens, which can positively impact the SWEAT coin price.
- $SWEAT Staking and Rewards: The availability of staking opportunities, where users can earn rewards by holding SWEAT tokens, can incentivize long-term holding and reduce circulating supply, which may increase the SWEAT token price.
- Burn Mechanisms: The platform's token burn mechanism, which reduces the total supply of SWEAT tokens, can help maintain or increase the SWEAT crypto price over time by creating scarcity.
- Blockchain Efficiency:SWEAT operates on the NEAR blockchain, which is known for its scalabilityand low transaction costs. Efficient blockchain performance can attract more users and enhance the token's value.
- Technical Analysis:Traders use various technical indicatorslike RSI, moving averages, and MACDto predict Sweat Economy price movements, which can influence trading behavior and price trends.
How to Earn SWEAT Tokens on Sweatcoin App
You can earn SWEAT crypto on the Sweatcoin app in the following ways:
- Start Walking: The app tracks your steps. You can earn SWEAT tokens by walking and completing other physical activities.
- Participate in Challenges: Engage in daily challenges like the 2x Daily Boost, where you select active periods to earn double the number of moves.
- Additional Rewards: You can watch promotional videos and open gift boxes to receive extra rewards, including SWEAT tokens.
How to Cash Out Sweatcoin
To cash out on Sweatcoin, follow these steps:
- Transfer SWEAT to a Crypto Exchange: First, move your SWEAT tokens to a cryptocurrency exchange that supports SWEAT, such as KuCoin.
- Trade SWEAT for a Major Cryptocurrency: Once on the exchange, trade your SWEAT tokens for a major cryptocurrency like Bitcoin(BTC) or a stablecoin like Tether(USDT).
- Convert to Fiat: After you have BTC or USDT, you can sell these for fiat currency (USD, EUR, etc.) on KuCoin P2P.
- Withdraw to Your Bank Account:Finally, withdraw the fiat currency to your linked bank account.
Alternatively, you can find buyers on platforms like Reddit or Discord who are willing to pay cash for your SWEAT tokens. This method requires careful attention to avoid scams and ensure a safe transaction?.
What is the all-time high price of Sweat Economy (SWEAT)?
The all-time high price of Sweat Economy (SWEAT) is 0.09. The current price of SWEAT is down -- from its all-time high.
How much Sweat Economy (SWEAT) is there in circulation?
As of 5 25, 2026, there is currently 8.46B SWEAT in circulation. SWEAT has a maximum supply of 21.87B.
How do I store Sweat Economy (SWEAT)?
You can securely store your Sweat Economy in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SWEAT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
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