NEAR blockchain hosts the new move-to-earn blockchain platform SWEAT. Its creators aim for 1 billion users and have lofty aspirations. Its smartphone app has received a ton of support and is at the top of the charts in various nations.
There are several options to reward people for participating in the crypto industry. Less than two weeks after its debut, SWEAT is aiming to unseat STEPN as the new king of the move-to-earn niche.
Every user of the free move-to-earn blockchain platform receives one Sweatcoin for every 1000 steps they take since it first launched as a web2app in 2016. This award can be exchanged for digital goods or even cash.
The objective of the project, according to its creators, was to improve global health. The creators feel that it is now appropriate to proceed on-chain and deploy on the NEAR blockchain.
Move to Earn in the SWEAT Economy
The native token of the Sweat Economy is SWEAT. The token can be acquired by engaging in physical activity. Users can create one SWEAT for every 1000 steps, similar to Sweatcoin.
All movements can generate SWEAT, however a user can only earn a maximum of 5 each day. Users will need to take more steps to obtain a SWEAT as the token issuance difficulty is anticipated to rise with time.
The 21 billion tokens that make up the SWEAT total supply will all be completely vested by September 2026. The greatest airdrop in the market, 4.7 billion SWEAT have already been distributed by Sweatcoin to 13.5 million wallets.
Vision
The project's developers have high hopes for SWEAT. To give users more chances to earn rewards, the creators intend to introduce NFTs that compete with existing products.
The creators disclosed ideas for a DAO, a referral bonus, a cryptocurrency exchange, and an NFT market. The creators also mentioned that they are considering the potential of using their native coin as ecosystem gas costs.
Since its introduction, Sweatcoin and the Sweat Wallet have received a ton of community support and have become the top apps in a number of categories and nations.
The price of SWEAT token decreased following a peak at $0.091476. At $0.029608, it has decreased 21% on the previous day of trade. The token's value has increased more than 300% since its inception, nevertheless.
