![]() ![]() This article originally appeared on GOBankingRates. Simple Ways To Start Investing for Any Budget ![]() With SWEAT, the token we’re also keen to see more Web 2 users embrace the possibilities and potential of crypto in the lowest risk way possible – by literally walking for it,” he said.ġ0 Things You Always (and Never) Should Buy at the Dollar Store “We should and can all get more movement into our daily lives. POLL: Where Have You Cut Back Most Because of Inflation?ĭiscover: What Is the Next Big Cryptocurrency To Explode in 2022? In terms of the audience the company is targeting, Fomenko said, “anyone and everyone.” Users will also be able to convert the token into other cryptos or fiat currency. “You will also be able to exchange it for other cryptocurrencies, like Bitcoin, so that you are literally walking for Bitcoin.”Īdditional features on the roadmap include the use of SWEAT in DeFi – whether that is for staking, liquidity provision, or other crypto opportunities, the ability to purchase NFTs, sell your personal data for more SWEAT or buy premium subscription services, Fomenko said. ![]() First of all, you will be able to stake your SWEAT to receive a really attractive return on it,” Fomenko said. “There are many things you can do with your SWEAT, with new features being added constantly. Other institutional backers include Electric Capital, Spartan Capital, Jump Crypto, OKX Blockdream Ventures (the venture arm of OKX) and GSR, as well as high-profile founders and builders like Terra founder Do Kwon, Sandeep Nailwal, founder of Polygon (MATIC) and Bjorn Wagner, co-founder of Parity (Polkadot), the company said. SWEAT will be built on Ethereum and use the eco-friendly NEAR as the blockchain for its token, and the Near Foundation is investing in the project. 4.7 Add a rating USD Price 0.0048 Trade Sweat Economy on DEX Sweat Economy can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet. SWEAT – the token, which we’re announcing this week, is the turbo-charging of that vision…a vision to create wealth through health,” he said. “And it’s working: our 63 million users walk an average of 20% more after downloading the app. Sweatcoin was the answer – an app that counts your steps and rewards you for them,” said Fomenko.įomenko explained that while the company had the idea of a crypto reward mechanic in mind “from day one,” crypto wasn’t ready for mass market utilization in 2015 and so Sweatcoin developed as a rewards-currency app. You can find this app on either your home screen, in the app drawer, or by. The question kept coming – how can we make it more incentivizing for people to move that little bit more. This app icon looks like a broken letter S on a blue background. 24H 7D 14D 30D 60D 200D 1Y Low - High - Request failed Market Statistics Market Cap 29.65M 24H Volume - Circulating Supply 6.25B Max Supply - Live SWEAT Price Summary As of Jun 18, 2023, the global cryptocurrency market cap is 29.65M with a +6.04 change in the last 24 hours. “We want to make a billion people more active. The crypto is designed to capture the value of movement and is minted purely by steps, the company said, adding that it’s “pioneering a societal shift by empowering people to improve their health, and get paid for it.”Īsked what prompted the idea of the token, Oleg Fomenko, co-founder at Sweatcoin, told GOBankingRates that, “we were worried about the problem of the increasingly sedentary, unhealthy lives we are leading and the far-reaching ramifications of this for both us, as individuals, and society as a whole.” Learn: 6 Alternative Investments To Consider for Diversification in 2022įind Out: 8 Best Cryptocurrencies To Invest In for 2022 The value of a sweatcoin is derived from our wide-reaching partnerships. The winner of the head-to-head claims the SWEAT, with the Sweat Foundation taking and burning a fee. Tech company Sweatcoin announced the launch of SWEAT, a token designed to reward Sweatcoin app users for being physically active by converting physical movement into crypto. We are building a casual, dynamic NFT game in the Sweat Wallet app. It’s rewarding to work up a sweat and get into physical shape, but it’s even more rewarding to earn crypto for that sweat. COINCOST is in no way related to the cryptocurrency Sweatcoin (Sweat Economy), its developers and representatives.Ivanko_Brnjakovic / Getty Images/iStockphoto The data on the price of Sweatcoin (Sweat Economy) (SWEAT) and other related information presented on this website is obtained automatically from open sources therefore we cannot warrant its accuracy. The price of the crypto currency has decreased by 7.0079% in the last 24 hours. Last week the price of Sweatcoin (Sweat Economy) has increased by 5.00709%. The London-based tech companys SWEAT: The Token will be launched at the Paris Blockchain Week Summit which starts on April 13. 24-hour trading volume of SWEAT is 1003600 at exchange markets. The current price of Sweatcoin (Sweat Economy) (SWEAT) is 0.00468215. ![]()
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