Last week, we got some pretty sad news in the move-to-earn space: Sweat Foundation announced that Sweat Wallet and SWEAT minting will end on December 30th, 2026. AKA, they are shutting down their crypto services. As I am sure you can believe, the price of SWEAT, which had already been beaten into the ground, managed to fall even more.
I remember when the crypto first launched and how jealous I was of others being able to participate in the token generation event (yay for living in the U.S.) and having to wait months for them to finally release a U.S. version.... Man, I would have had quite the bag since I had used Sweatcoin for years before and had thousands of them.... at the TGE, SWEAT was close to $0.10 a coin, and by the time I was able to do anything with mine, it was already down to just a couple cents (granted it was free money so I couldnt really complain).
Given the just plain bad tokenomics in generating any sort of income to sustain the project, I am not surprised in the slightest. I am curious, though, to see what the next move-to-earn project to officially fold is going to be. For those who have any SWEAT convert it and/or get it off the app now cause that sucker is going the way of the dodo!
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