Sweat Economy^ᵂᴼᴿᴹᴴᴼᴸᴱ

What is Sweat Economy?

Sweat Economy is a Web3 ecosystem designed to get people moving! It aims to unlock new value for any form of physical activity by leveraging a suite of DeFi, NFT, on-chain and off-chain rewards services.

What is SWEAT?

SWEAT is a new cryptocurrency you mint with your movement. The SWEAT token powers the Sweat Wallet. Thanks to Wormhole, SWEAT exists on the NEAR and Ethereum platform — but more on that later.

SWEAT Tokenomics

Over time, each SWEAT token will require more steps to mint than the last. SWEAT’s tokenomics aim to preserve the token’s utility as the model represents an ever-increasing marginal cost of production and incentivizes users to get moving now.

The Team

Sweatcoin was founded by Oleg Fomenko, Anton Derlyatka, Egor Khmelev, and Henry Child.

The Sweat DAO

According to their roadmap, in the coming months, the Foundation will gradually hand over governance to the Sweat DAO.

  • NFT Marketplace
  • DeFi Functions
  • Advertising
  • Premium Subscription
  • Data Analytics
  • Alternative Movement Validators

But what about my precious data?

The Sweat DAO will give individuals complete ownership of their data and offer them the opportunity to monetize that data.

What’s Wormhole’s role in all this?

Wormhole makes the SWEAT token a true xChain asset! While SWEAT started out as a NEP-141 token on the NEAR blockchain, Wormhole is used to bridge SWEAT to Ethereum, where it now also lives as a native ERC-20 token. Thanks to that effort, SWEAT is now listed on FTX, Bitfinex, Kucoin, OKX, Bybit, and MEXC, some of the biggest centralized exchanges out there.

More from Sweat Economy

Sweat Economy has an easy-to-read litepaper in which they explain their mission and vision for the future.

The Wormhole Ecosystem

Have you checked out our Ecosystem page yet? It’s where you can find the hottest projects building on Wormhole! If you’re a builder, submit your project, and let’s create the xChain future together!

Join the ever-growing Wormhole community

If you have questions, need support, or just want to connect, join the Wormhole community, and keep up to date with our up-and-coming announcements. We’re always happy to hear feedback. Join our discord, and drop us a comment!

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Wormhole

Wormhole

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Cross-chain interoperability protocol connecting high value blockchains