The token
SWEAT is a new cryptocurrency you mint with your movement. Holding SWEAT has many benefits: it can be staked for yield and amazing rewards, applied to NFTs, and grant access to improved features in the Sweat Wallet App.
Buy SWEAT from
Decentralized exchanges (DEXs)
How we generate revenue
User engagement (B2B)
businesses pay to access our vast network of users
Transaction fees (B2C)
on Sweat Wallet App features, including fiat on-ramp, off-ramp, crypto-crypto exchange, NFT purchases and more, will be enormous
How revenue returns to the token
Buy and burn
Sweat Foundation will commit a % of its revenue to buying and burning the token on the secondary market, or to buying and distributing it as staking yield
Investment in rewards
Sweat Foundation is using revenue to fund rewards people really want, such as stablecoins, gift cards, and event tickets
Ecosystem development
Including product development, community growth, partnerships
Building Demand
Buy and burn
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 staking yield. More details to be released soon.
Rewards
Users stake SWEAT in the Sweat Wallet app to earn an attractive % yield and access rewards. Rewards will be tiered: users stake higher amounts of SWEAT to receive better rewards.
We are dedicated to bringing rewards that people really want.
Examples
- Vouchers and discounts for blue-chip brands including Adidas, Amazon and Nike
- Tickets to events: sporting events, and concerts
- Stablecoins (USDT and USDC)
NFTs & Games
We are building a casual, dynamic NFT game in the Sweat Wallet app. This will arrive shortly after TGE.
Users stake SWEAT when playing the game. The winner of the head-to-head claims the SWEAT, with the Sweat Foundation taking and burning a fee. As such, the game is net-deflationary.
The primary goal of the game is enjoyment!
Platform token
Staking SWEAT unlocks features in the wallet. For example, higher stakers of SWEAT could access premium features, lower transaction fees, and increased daily minting limits.
This aspect will become increasingly valuable as features of the Sweat Wallet app increase.
Supply of SWEAT
SWEAT is minted solely by movement. We have introduced several mechanisms to decrease the rate of inflation of the token, and to constrict the circulating supply.
The big burn
We have committed to burn 4.5BN sweatcoins. Because SWEAT will match sweatcoins at the Token Generation Event, this significantly reduces the total supply of SWEAT at launch (from 25.5BN to 21BN).
Minting difficulty
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.
Today
1 SWEAT
6 months
1 SWEAT
12 months
1 SWEAT
18 months
1 SWEAT
24 months
1 SWEAT
SWEAT distribution
SWEAT unlock
Demand
Advertizers: buy SWEAT to access the Sweat Wallet community
Token utility
- Staking: yield + exclusive on-chain and off-chain rewards
- Dynamic NFTs
- 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.
Technology
Smart contract audit complete
SWEAT is built on NEAR
a low cost, high speed,and eco-friendly blockchain.
Each SWEAT will be more difficult to mint than the last. This preserves token utility, and controls the rate of token release.
Roadmap
2022
Phase 01
- Token Generation Event (TGE)
- Sweat Wallet App
- SWEAT staking (Grow)
- MVP: Rewards for staking SWEAT
Q4'22 - Q1'23
Phase 02
- 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)
Now
Phase 03
- 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
- Inactivity fee
- Learn and Earn on-chain education
2024
Phase 04
- Support the creation of an entire economy of movement
- Movement data analytics
- New movement Validators e.g. cycling, swimming etc.