About Sweat Economy (SWEAT)
Sweat Economy is a mobile fitness app that rewards users for their physical activity. According to the project, as individuals engage in more physical activities, they tend to improve their overall well-being. The team behind Sweat Economy is convinced they can encourage this cycle contributing to both physical and mental health improvements.
The app saw over 150 million users worldwide, and uses an in-app currency, SWEAT, to incentivize users to engage in physical activity. The app was designed to to foster a healthier lifestyle among its users. The SWEAT tokens are based on the Ethereum and Near Protocol (NEAR) blockchains. These tokens can be used to redeem real-world prizes and experiences, and the main purpose of the SWEAT tokens is to provide a monetary reward for users who sign up and engage in physical activity.
Current design of Sweat Wallet serves as the native crypto wallet of the system. According to the platform's whitepaper, there are plans to introduce NFTs and the ability to purchase SWEAT directly with fiat currency. According to Sweat Economy documentation, there are plans to create an NFT marketplace and make tokens available on decentralized exchanges (DEXs) and give control to a decentralized autonomous organization (DAO).
Sweat Economy sponsors include the NEAR foundation, Electric Capital, GST, Spartan, OKEx Blockdream Ventures, and other notable organizations. The price of SWEAT is updated and live-tracked on Binance.
