Shortly after the SWEAT token generation event (TGE), the token was listed on several leading cryptocurrency exchanges, including FTX, OKX and Bybit. For example, the wallet will allow users to exchange their SWEAT tokens into other crypto assets, earn yield through Sweatcoin staking, provide liquidity, and more. The project also aims to launch a Sweat Wallet app, where users will be able to access a variety of decentralized finance (DeFi) services. In the future, however, users will have the option to opt into a data monetization program where they will be able to earn rewards in exchange for sharing their data with third parties.
The Sweatcoin project says that they will never sell the data generated by the app’s users. The current estimate is that 1,000 steps will yield 0.33 SWEAT 1 year after the token generation event. However, each subsequent SWEAT coin takes slightly more steps to create, which will slow down the process of new SWEAT coins entering circulation. Initially, users can earn one SWEAT coin for every 1,000 steps they make. Initially, SweatCo Ltd is the only active movement validator, but the project claims that multiple third parties will be integrated to decentralize the validation process. The Sweatcoin crypto implements “Movement Validators”, which verify that the movement recorded by users of the Sweatcoin app is legitimate and not spoofed. The project raised funds through a DAO Maker public sale, as well as a private sale and seed round.After the token generation event (TGE), sweatcoin holders could claim SWEAT tokens at a 1:1 ratio.Before the launch of the SWEAT token, users could earn “sweatcoins” by installing the Sweatcoin app and moving.As time progresses, a greater number of steps is required to mint 1 SWEAT.A cryptocurrency that can be earned through movement.If you’re interested in Sweatcoin, you can find an up-to-date SWEAT price chart, as well as the Sweatcoin price today on CoinCodex.īefore we take a closer look at the project, let’s take a look at some of its most prominent features: At launch, however, SWEAT will be available both as a NEP-141 token on NEAR and as an ERC-20 token on Ethereum. The SWEAT crypto is being built on NEAR, a highly scalable blockchain platform that supports smart contracts. At the token generation event (TGE), the Sweat Foundation provided a mechanism for users to claim blockchain-based SWEAT tokens equal to the number of sweatcoins they earned inside the Sweatcoin app. The next step for the Sweatcoin project was to enable a more open economy for sweatcoins by issuing blockchain-based tokens.
According to the team, the Sweatcoin app reached a whopping 110 million users by August 2022. These sweatcoins are limited for use within the Sweatcoin app, where they could be exchanged for certain rewards.
#Sweatcoin wallet download#
Users can download the Sweatcoin app and earn sweatcoins by walking or running. Sweatcoin is a cryptocurrency project that aims to incentivize people to move more and maintain a healthy lifestyle. The SweatCoin price prediction sentiment is currently neutral, while Fear & Greed Index is showing 43 (Fear). The highest SWEAT price since the last cycle low was $ 0.008874 (cycle high). The lowest price since it's ATH was $ 0.004273 (cycle low). SweatCoin reached its highest price on when it was trading at its all-time high of $ 0.091567, while SweatCoin's lowest price was recorded on when it was trading at its all-time low of $ 0.004273. The SWEAT price increased 1.38% in the last 24 hours. SweatCoin price today is $ 0.007258 with a 24-hour trading volume of $ 924,593, market cap of $ 0.00, and market dominance of 0.00%.
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