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.

coins

Buy SWEAT from

Decentralized exchanges (DEXs)

Yield farm SWEAT
on Ref Finance

Start EARNING NOW

Pink and white Sweat Economy logoxRef. finance logo
3 floating sweat coins

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

3d arrows on fuchsia blob
3d Sweat logo with 3d bubbles

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.

reward icon

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)
nft icon

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!

3d glass coin jars

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.

10%

Unlocked at TGE

90%

Linear unlock over 24 Months

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.

Graph

SWEAT now. Earn more.

Illustration of 5 people walking

TGE

1K steps ≈
1 SWEAT

2023

1K steps ≈
0.33 SWEAT

2024

1K steps ≈
0.19 SWEAT

2027

1K steps ≈
0.06 SWEAT

2032

1K steps ≈
0.02 SWEAT

SWEAT distribution

Sweat distribution pie chart

SWEAT unlock

SWEAT unlock graph

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.
Quantstamp for Sweat Economy

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.

Near logo

Roadmap

Now

Phase 01

  • Token Generation Event (TGE)
  • Sweat Wallet App
  • SWEAT staking (Grow)
  • MVP: Rewards for staking SWEAT

Sep - Dec 2022

Phase 02

  • SWEAT NFTs
  • Fiat on-ramp: buy SWEAT and crypto with fiat
  • Adding further rewards for staking
  • Inactivity fee

2023

Phase 03

  • SWEAT DAO: governance and on-chain voting
  • NFT marketplace
  • Exchange crypto for crypto (DEX integration)
  • Crypto Marketplace curated offers

2024

Phase 04

  • Support the creation of an entire economy of movement
  • Movement data analytics
  • New movement Validators e.g. cycling, swimming etc.