SweatCoin is a Move-to-Earn project released in 2022 on the Ethereum and NEAR blockchains. It incentivizes people to run, jog, hike, or walk by providing them with SWEAT tokens as rewards for their exercise.
The SweatCoin team has the plan to grow their business to more than a Move-to-Earn app. According to their Litepaper, there will be a robust Sweat Economy with crypto wallet, CEX, DEX, and so much more to be integrated. The founders of SweatCoin are Oleg Fomenko, Anton Derlyatka, and Egor Khmelev.
People download the SweatCoin app from the Apple Store or Google Play, create their own accounts, and turn on the GPS. Based on their movements, the users receive rewards in Sweatcoins, which are not cryptocurrency. Sweatcoins can be exchanged for products and services, both in-app and in real world, or be redeemed for SWEAT tokens. The tokens can be used for charity or to purchase things with more than 160 partners of the project.
SWEAT does not have a maximum supply. The current circulating supply of SWEAT is 2.05 billion.
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