Sweat Economy has already built the world’s most widely used Health & Fitness App of 2022 through Sweatcoin, a Web2 product with more than 110,000,000 (110M) users. That momentum helped establish the Sweat Wallet, a Web3 platform powered by a new cryptocurrency, SWEAT. The app is already live with 13,000,000 (13M+) wallets created.
Token utility covers: staking to earn rewards and yield (net deflationary), dynamic NFTs & gamification, plus the ability to unlock fresh in-app features.
What makes Sweat Economy (SWEAT) unique?
No upfront fee. SWEAT doesn’t require any payment from users, and the token’s demand is tied to intrinsic value.
Revenue model. Many engage-2-earn systems depend on a looping model where users buy the token to receive an NFT, earn more of the token, and then upgrade the NFT. In contrast, SWEAT’s revenue is driven by fundamental value.
Value of utility. It offers rewards people genuinely want, paired with games, plus use as a platform token (discounts on trading and transaction fees, and access to NFT drops).
Buy and burn. Earnings are supported by established business approaches: user engagement and distribution (B2B), along with transaction fees (B2C).
Track record. Since 2016, the Sweat Economy team has monetized user engagement through Sweatcoin, their Web2 app that was the most popular Health & Fitness App of 2022.
Largest Web2 to Web3 conversion ever. Sweat Wallet is designed to become the biggest way to enter crypto-anyone with a smartphone can move into crypto.
Long-term vision to build an open economy of movement. The approach is based on the idea that movement carries real value. By tokenizing movement, SWEAT reflects that value. The plan also includes new Movement Validators so users can earn for gym sessions, cycling, and swimming, along with the Sweat DAO to let users monetize their movement data and sell it to insurers and others.