$SWEAT is your physical activity tokenized. It is a real crypto asset that you mint with your movement. It can be used for a chance to win amazing rewards, applied to NFTs, and used to get improved features in the Sweat Wallet app.
How we earn
Business partners pay to access
our network of users.
We take a small fee when you interact with certain features provided by us, like claiming from Growth Jars, and certain third-party services in the Sweat Wallet, like fiat on-ramp, off-ramp, crypto trading, and more.
How revenue supports the community
Sweat Foundation uses the revenue to fund rewards people really want–like stablecoins, Teslas, and trips around the world.
Revenue is used to support product development, community growth, and partnerships.
The community decides the tokenomics via governance proposals and votes, taking actions such as burning tokens, distributing tokens at TGE events, or allocating token rewards for Growth Jars.
In accordance with the community's decision, the Sweat Foundation will allocate a portion of revenue to buy
and burn $SWEAT on the secondary market, or to buy $SWEAT and distribute it as Growth Jar yields. More details to be released soon.
Grow more $SWEAT and unlock rewards by placing your $SWEAT in Growth Jars. The more you put into your Growth Jars, the better rewards you have access to.
Rewards like a Tesla Model 3, once-in-a-lifetime trips around the world, Chief Walking Officer position, stablecoins like $USDT and $USDC, and more.
NFTs & Games
Claim your free Legs NFT and battle against other players to earn $SWEAT in Sweat Hero. The winner of each head-to-head battle claims Battle Coins that can be exchanged for $SWEAT, and The Sweat Foundation takes and burns the battle fees so the game is net-deflationary.
Growing $SWEAT unlocks premium features like lower transaction fees and better rewards.
Supply of $SWEAT
$SWEAT is minted solely by movement. The community has voted to introduce several mechanisms to decrease the rate of inflation of the token and to constrict the circulating supply.
The big vote
In July 2023, the Sweat Economy community conducted the biggest governance vote ever in the world of Web3 world with more than 380,000 token holders casting their vote.
They have voted to support the launch in the U.S. with ~690M $SWEAT and to enact a gradual burn of 1.6B $SWEAT.
Each $SWEAT will be more difficult to mint than the last. This preserves token utility, and controls the rate of token release.
SWEAT now. Earn more.
Advertizers: buy SWEAT to access the Sweat Wallet community
Staking: yield + exclusive on-chain and off-chain rewards
Access to better Sweat Wallet features at lower prices (learn about the Sweat Wallet)
Buy & Burn
The Sweat Foundation pledges to buy and burn SWEAT on the secondary market.
Smart contract audit complete
$SWEAT is built on NEAR
NEAR is a low-cost, high-speed, eco-friendly blockchain.
Token Generation Event (TGE)
Sweat Wallet App
SWEAT staking (Grow)
MVP: Rewards for staking SWEAT
Q4'22 - Q1'23
Sweat Hero NFT game MVP
Fiat on-ramp: buy SWEAT and crypto with fiat
Adding further rewards for staking
Learn and Earn v1 education system
Portfolio: multi-token wallet (Near only)
Decentralization: governance & voting v1
Sweat Hero NFT game
Trade crypto (integration of DEX and on-ramp)
Multi-token and Multi-chain wallet interface with single balance
Learn and Earn on-chain education
Support the creation of an entire economy of movement
Movement data analytics
New movement Validators e.g. cycling, swimming etc.