Sweat Economy Airdrop shares the principles of Sweat coin, but leverages DeFi, NFTs and decentralized governance to unlock new value, which is returned to the user. Sweat Economy rewards movement to inspire a healthier, wealthier planet. For everyone. “Sweat Economy is the natural evolution of Sweatcoin. Global, open, and fair, SWEAT is a next generation cryptocurrency that will bring the next billion people into Web 3.0, and make movement part of global GDP.”
Sweat Economy is airdropping free SWEAT for downloading the app and walking. Download the Sweat coin app and walk to earn free Sweat coins. At TGE each Sweat coins will be converted to SWEAT tokens at a ratio of 1:1. You will earn 1 SWEAT for every thousand steps. Also get 5 SWEAT for each referral.
At TGE each Sweatcoins will be converted to SWEAT tokens at a ratio of 1:1.
You will earn 1 SWEAT for every thousand steps.
Also get 5 SWEAT for each referral.
Movement can improve your quality of life. It can improve physical health, and mental health. It can make workers more productive, citizens more collaborative, and us, as humans, happier. Sweat Economyrewards movement to inspire a healthier, wealthier planet. For everyone.
How does it work?
If movement can improve lives, it has an economic value. Employers pay for workers’ gym memberships. Health insurers offer discounts for physical activity. Governments encourage cycle to work schemes; and promote sport to foster community growth. To learn more about the value of physical activity, read research article. SWEAT is the currency of the open economy of movement, where the token can be bought, sold, and exchanged.
The Token Generation Event
The Sweat Foundation will make an offer for every Sweatcoin user to opt-in to claim 1 SWEAT for every sweatcoin in their wallet, without burning their sweatcoins. The TGE will occur in Q3 2022. At TGE, the Sweat Foundation will mint enough SWEAT to match the sweatcoins of users who have opted-in.
New to crypto?
SWEAT is for everyone who moves. Whether you are new to crypto, or are an enthusiast, you can download the app, and create your SWEAT Wallet in minutes. You have nothing to lose. Your steps – verified by the Sweatcoin app – are all that is required to generate a new currency for you.
Holders of SWEAT will govern Sweat Economy. In practice, ownership, rewards, privileges, and voting reside with SWEAT holders. They created SWEAT because they know the value of movement must be communally realized by transferring power and privilege to holders, and those who move.
Staking is essential to maintaining a safe and healthy network. Users can earn a % of SWEAT relative to the amount of SWEAT they stake.
Currently, only steps mint SWEAT. In time, other activities will mint SWEAT.
SWEAT can be minted forever to sustain a global incentive
SWEAT will have an ever decreasing rate of inflation.
Like Bitcoin, SWEAT will become harder to create as time goes on: the earlier you walk, the more SWEAT you receive.
SWEAT is built on NEAR – a low cost, high speed, and eco-friendly blockchain. Only verified movement mints SWEAT. Currently, the Sweatcoin app verifies steps as a Movement Validator.
In time, the Foundation will decentralize the movement verification process to enable other apps and wearables to verify new forms of movement, paving the way for users to earn SWEAT for swimming, cycling, hiking, gym work and more.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.