This past June, David Ashton, Sweat Economy's Head of Community went over the 2024 Roadmap during an AMA, giving updates and revealing new information about the upcoming features listed in said roadmap.
Roadmap H1 2024
Redeemable Rewards (displayed as Rewards v2 in the Roadmap): The design has been completed and development is underway
- Users will be able to use their SWEAT to directly purchase an item.
- Some possible rewards include Sweatcoin Premium, Sweat Merch/Items and Bitrefill gift cards, although none have been confirmed.
- David went onto say that "my ideal scenario - and this isn't guaranteed - but my ideal scenario is that we're able to offer slight discounts for purchasing in SWEAT, so there is an incentive to actually utilize your SWEAT within the Sweat Wallet app with redeemable rewards", later on he added that "Redeemable Rewards is nearing the end of its development lifetime".
This feature is expected to be launched by the end of July, although it will come after the full release of Magic Keys.
SweatPay: Work in the Sweat Pay Beta is underway, but still in early stage
- The Team has done UX research and designed screens, but they cannot showcase anything as a redesign is underway.
- Sweat Economy is still debating on debit card partners to offer the service to its Sweat Wallet users.
Sweat AI Alpha: Status unknown
- Little is known about this feature. It has been said that the main goal behind it is to bring AI to Sweat Wallet users, and making AI easy to access and use.
Magic Keys: Under user testing
- The team was waiting on third parties to ensure the security of this feature, however as of the time of writing it is currently under user testing.
Trade v2:
- Interface overhaul in order to make it cleaner, simpler and easier to use & understand for all users.
- Order tracking to be added.
- Trade history to be improved.
- The Team is working with Orderly Network to increase the availability of SWEAT trading pairs in order to minimize fees and the risk of trades failing, which may occur when taking routes that involve more than one trading pair.
SWEAT trading fees are still set at 30%. It has served as a selling pressure "balance force in the market", which has proved to be pretty beneficial according to David.
Upgraded Portfolio: Status unknown
- The update is heavily centered around making the app modular so that multi-chain architecture can be integrated easier.
Roadmap H2 2024
Sweat Hero v2: Status unknown
- The gameplay will be entirely overhauled.
- NFTs are part of the plan.
No further details can be given due to PR reasons.
Governance & DAO (displayed as Decentralization & DAO Constitution Advancements in the Roadmap): Status unknown
- The Team is planning on porting their Discord Proposals platform to the Sweat Wallet app so that proposals can be sent through the app and then discussed in Discord, to be then voted by the wider community in the Sweat Wallet.
Multi-chain technology: Ready for integration, awaiting an audit requested by NEAR Protocol
- It will make use of NEAR Protocol's Chain Abstraction technology, which will be released after being audited.
- The goal is to make cross-chain transactions and interactions seamless within the Sweat Wallet portfolio.
- Binance Smart Chain (BSC) will be the first chain to be integrated. Integration is ready.
- Sweat Economy plans to integrate SWEAT as Gas across chains by the end of the year.
- There are chain partnerships discussions ongoing.
Other information not related to any of the points in the 2024 Roadmap:
The Team has another NFT plan apart from Sweat Hero NFTs for the year 2024.
We also asked David the following question: "What happened with Sweat Wallet fees getting automatically burned? There was a vote on this a little while ago."
Automatic burns can't happen live due to some restrictions, these will have to be done in batches, but they will make them regular. They will first wait until the 1.8B reclaimed SWEAT burns end. The Team is set to complete the last burn at the beginning of August 2024.
(1 SWEAT = 0.005791 USD)
