Sweat Economy is a web3 application that facilitates the Move to Earn (M2E) reward model. It is the crypto ecosystem and mobile app of Sweatcoin, which is a health and fitness app that rewards users with Sweatcoin. Sweatcoin is a non-crypto virtual token that can be converted to SWEAT, the crypto token of Sweat Economy. The app aims to incentivize physical activity and lower carbon footprints. Sweatcoin was established in 2015 and has over 140 million users in Web2 & Web3. In fact as of this writing it is on position #5 on DappRadar Games with 137 000 unique active wallets. The app has been downloaded over 140 million times and reached the number one spot in the health and fitness category in 60 countries, including the USA, Canada, Germany, the UK, and Spain. Since keeping active requires motivation, earning money to reward an active lifestyle is a logical reward. Therefore, for those already thinking about New Year's Resolution, this can be a 2-in-1 on your list!

About the founders:

Sweat Economy was founded by Oleg Fomenko and Anton Derlyatka in 2015. Oleg is co-founder and CPO of Sweatcoin. His contribution and value to the role is thanks to previous experience at Pepsi, Coca-Cola, Visa, BT, and BCG. Anton is CEO and co-founder of Sweatcoin. He was founding CEO of a Venture Capital focused on HR and Fitness-tech, while managing senior roles at A.T Kearney, Reebok, and Pepsi-Cola. He holds graduate degrees from Stanford and Hass Business School (UC Berkeley), and an MBA from London Business School.

Where can you buy, sell and trade SWEAT:

You can buy, sell, and trade SWEAT, the crypto token of Sweat Economy, on various cryptocurrency exchanges. You can trade SWEAT from AscendEX, Bitget and BitMart.

SWEAT Tokenomics:

As explained above, $SWEAT is a cryptocurrency that is minted with physical activity. It is a real crypto asset that can be used for a chance to win amazing rewards, applied to NFTs, and used to get improved features in the Sweat Wallet app. The token is built on NEAR and is compatible with ERC-20 and NEP-141. Keep in mind that the token is minted solely by verified movement, and each token requires more steps to mint than the last. There is an ever-decreasing rate of inflation of $SWEAT. The maximum supply of this token is capped at 21,000,000,000 with an inflationary type emission rate since genesis. The supply of $SWEAT is expected to be fully vested by September 2026. The community decides the tokenomics via governance proposals and votes, taking actions such as burning tokens, distributing tokens at TGE events, or allocating token rewards for Growth Jars. The Sweat Foundation uses the revenue to fund rewards people really want–like stablecoins, Teslas, and trips around the world. Revenue is also used to support product development, community growth, and partnerships. The community earns more $SWEAT and unlocks rewards by placing $SWEAT in Growth Jars. The more $SWEAT you put into your Growth Jars, the better rewards you have access to. Examples of rewards include a Tesla Model 3, once-in-a-lifetime trips around the world, Chief Walking Officer position, stablecoins like $USDT and $USDC, and more. The Sweat Foundation takes and burns the battle fees so the game is net-deflationary. Lastly, if you are interested, the Sweat Economy app is available for download on the App Store and Google Play.

This is not financial advice. Always do your own research and 

TO SUPPORT MY WRITING:

• Earn daily Bitcoin with Surveys and games Cointiply 
• Join Binance: Start blogging and monetizing content.
• Buy Me Coffee
• Use Referral CODE: ztrg7mb4dy to Complete Missions Crypto.com