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SWEAT Economy: The New Move-to-Earn App That Could Dethrone STEPN

SWEAT Economy: The New Move-to-Earn App That Could Dethrone STEPN
  • The new move-to-earn Blockchain platform SWEAT will be deployed on the NEAR Blockchain.
  • The developers have big goals, looking at a billion users. 
  • The mobile app has received massive support and it is at the top of the list in several countries.

The free blockchain platform Move-to-Earn started as a Web2 app in 2016 and rewarded each user with a Sweatcoin for every 1000 steps. This reward can be converted into digital products and even cash. According to the project’s developers, the goal was to make the world healthier. Now developers believe the time is right to move on-chain and implement the NEAR blockchain.

SWEAT Economy: Move-to-earn

SWEAT is the native token of the Sweat Economy. The token can be earned through physical activities. As with SweatCoin, users can SWEAT every 1000 steps. Meanwhile, SWEAT can be made for all moves, but users can only earn a maximum of 5 per day. Token issue difficulty is expected to increase over time, meaning users will need more steps to make a SWEAT.

SWEAT has a total supply of 21 billion tokens that will be fully allocated in September 2026. SweatCoin has already launched 4.7 billion SWEAT in 13.5 million wallets, the largest airdrop in space.

Big The vision

SWEAT developers have big dreams for the project. The developers plan to launch NFTs as competitors to offer users more reward options. The developers revealed plans to create a DAO, launch a referral bonus, and build a crypto exchange and NFT marketplace. The developers are also stressed as they are considering the possibility of their native token being used as gas fees for the ecosystem. Since their launch, Sweatcoin and Sweat Wallet have garnered tremendous support from the community, emerging as top apps across different categories and countries.

SWEAT token’s value fell after peaking at $0.091476. It is trading at $0.029608, down 21% in the last 24 hours. However, the token has increased by over 300% from its value at launch.

Fierce Competition

While SWEAT is relatively new to the move-to-win space, the project faces stiff competition from well-known competitors such as Solana-based STEPN, which has more than 4 million registered users in 200 countries. STEP recently celebrated its first anniversary and has established itself as a fixture in the industry. Its growth has led it to focus on other Blockchains, such as Ethereum and Binance Smart Chain. However, ecosystem tokens have seen some decline, which has raised questions about their tokenomics. The GMT token is down more than 80% from its all-time high.

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