👟 Rewarding Movement
How Sweat Economy creates a network that is always growing by rewarding users for taking a simple step
Today's Highlights
- Sweat Economy - inspiring a healthier planet
- Today's Infographic
- In Other News - a few interesting developments we're tracking.
Sweat Economy - inspiring a healthier planet
Movement can improve the 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 Economy rewards movement to inspire a healthier, wealthier planet. 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.
SWEAT is the currency of the open economy of movement, where the token can be bought, sold, and exchanged. SWEAT is for everyone who moves. Whether new to crypto, or an enthusiast, the app can be downloaded and Sweat wallet can be created in minutes. The number of steps– verified by the Sweatcoin app – are all that is required to generate a new currency.
All the Sweat Economy infrastructure is built on NEAR Protocol, which is a Proof of Stake blockchain. This means it’s secured by validators – other responsible users who have a stake in the network.
“Sweatcoins” are units of exchange issued by SweatCo Ltd. that users get using the separate sweatcoin app through verified physical movement (e.g. steps) only. Sweatcoins may be used to get certain benefits that are offered via the sweatcoin app. Sweatcoins are not the same as Sweat Tokens. Sweatcoins are not a cryptographic token and have no viability or use outside of the sweatcoin app.
The users may be eligible to receive an amount of Sweat Tokens at time of the Sweat Token launch, depending on the amount of Sweatcoins the users have earned in the Sweatcoin app. The amount of Sweat Tokens the user may be eligible to receive at the launch of Sweat Token will be displayed as an estimate in the App. This estimate is for information only and is subject to change.
Sweatcoin has a trio of founders: Oleg Fomenko, Anton Derlyatka, and Egor Khmelev. Sweat Economy has raised a total of $13M in funding.
🧐 Today's Infographic
In Other News
Lyllah Ledesma
William Suberg
Cryptofan