Sweat token burn, and the best way to go about it

Sweat token burn, and the best way to go about it

By LeftFooted | bitcoinea | 23 Nov 2023


Sweat Wallet, the web wallet that's linked to the Sweatcoin pay-for-walking app, wants you to participate in governance regarding the app's native token Sweat Economy.


At the time of writing, the total supply is 22.1 billion SWEAT and Sweat Wallets wants to keep burning tokens in the hope of making the token more valuable.


Nearly 6.5 billion tokens are in circulation at the moment.


The token is valued at $0.0107 at the time of writing.

The ATH of September 2022 was $0.07, which incidentally is when I sold nearly 70% of my holdings.


Sweat allowed two options for the vote. If you hold SWEAT, you can either choose to continue manual burns, 39% of holders voted for that, or you can automatically burn fees, which is what 61% of holders chose.


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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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