Sweat Economy believes that your physical activity - your steps - have tangible value. It has value to yourself, your family, your doctor, your insurer, your employer and ultimately, the country you are living in. Being physically active not only brings physical health benefits, but also delivers improvements in your productivity, mood, absenteeism and ultimately makes you live a longer, more productive life! So, Sweat Economy is committed to their mission to make the world more physically active by creating an open economy of movement.  

Sweat Economy is an ecosystem that is split into two parts:

A. Sweatcoin – the Web2 business with centralized points called “sweatcoins” and the Sweatcoin app.

B. $SWEAT – the Web3 business with crypto token and the Sweat Wallet app, to manage your crypto. 

Users participate in this ecosystem through the dual apps.

There are only two steps you need to do, and it’s completely free:

Step 1. Start walking with the Sweatcoin (Web2) app installed on your mobile phone.  It is a movement validator that records and validates your steps. You will earn sweatcoins, the Web2 in-app reward points, that allow you to redeem vouchers and gift cards within the app.  

Step 2. Opt in to crypto in the Sweatcoin app then install the Sweat Wallet app to enter the Web3 ecosystem. The first 5,000 steps you take each day will mint $SWEAT. You can explore in-app features such as Rewards, On-ramp, Learn & Earn and more. 

Sweat Economy wants to make a billion people more physically active while bringing them into Web3. This will help them be happier, more productive, live longer and be more financially savvy for the future.

In order to ensure the attractiveness and sustainable development of the ecosystem,

Sweat Economy has taken the following measures:

·  Sweat Economy has taken several measures to ensure $SWEAT remains valuable. There is an ever decreasing rate of inflation - each $SWEAT will be harder to mint than the last. In just six months since TGE, $SWEAT is now 3x more difficult to mint.

· Sweat Economy is committed to use a minimum of 50% of its profits to buy $SWEAT from the secondary market. The tokens will be burned, or distributed as staking yield depending on the community vote.

·  Users can stake their $SWEAT in Growth Jars within the Sweat Wallet app to receive an attractive % return and access to amazing rewards. The more you have staked, the higher value rewards you can win - such as this Tesla Model 3.

· In Sweat Economy’s decentralisation strategy, $SWEAT will play a larger role as a governance token of the platform. This gives token-holders power over key decisions, starting with token burning.

· Users hold data permanently. Sweatcoin has never sold user data. Neither will the Sweat Economy. The team will create a platform through which $SWEAT holders can choose to monetize their data.

There are a lot of incredible results that Sweat Economy has already demonstrated:

1. It’s by far the largest Token Generation Event ever carried out with more than 13 million token holders on day one. This is over 10x higher than the runner-up.

2. With more than 5 million installs, the Sweat Wallet app is one of the largest DApps in the ecosystem and is certainly the largest on-ramp into Web3.

3. The Sweat Wallet app has been consistently ranked among the Top 10 Blockchain Dapps on DappRadar since Sweat Economy’s Token Generation Event in September 2022.

To encourage movement in perpetuity, Sweat Economy will introduce an inactivity fee. As a “loss aversion” mechanism, it will help ensure that people remember that it is not a one-off burst of activity that makes one healthier but a consistently high level of physical activity on a daily basis. The DAO will charge users a fee if they stop engaging with the app or cease to be active. The inactivity fee will be a token sink mechanism that DAO will be able to vote on the use of. In case of its burn it will directly reduce the circulating supply. 

Sweat Economy is a global project. If the Sweat Wallet app is available in your country, you can start earning $SWEAT with your steps and seamlessly purchase $SWEAT tokens within the app. The Sweat Wallet app is available in most countries except for the United States, China, Russia, North Korea, etc. They are always looking to expand their supported countries, with Sweat Economy coming to the United States in September 2023!

Core Members

Oleg Fomenko, Co-founder and CPO of Sweat Economy. He has had a wealth of strategic roles, and a focus on behavioural change at Pepsi, Coca-Cola, Visa, BT and BCG.

From Sweatcoin’s inception in 2015, Oleg envisioned crypto as the means of unlocking the real value of movement.

In his opinion, “$SWEAT is the natural evolution of Sweatcoin. Global, open, and fair, $SWEAT is a next generation cryptocurrency that will bring the next billion people into Web3, and make movement part of global GDP.”

Social links

Website: https://sweateconomy.com/

Twitter: https://twitter.com/SweatEconomy

Medium: https://medium.com/@SweatEconomy

Discord: https://discord.gg/sweateconomy

Telegram: https://t.me/SweatEconomyAnnouncements