Sweat Economy is a cryptocurrency project that rewards users for their physical activity, such as walking or running, through a revolutionary Move-to-Earn (M2E) model. It includes a mobile app, a decentralized data marketplace, and the SWEAT cryptocurrency.
In this article, we will take a closer look at the Sweat Economy ecosystem to understand what it is and how it functions. We shall also explore its native SWEAT token, detail its use cases, predict its price through 2030, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
What Is Sweat Economy And How Does It Work?
Sweat Economy is a revolutionary cryptocurrency platform that rewards users who engage in fitness activities, such as walking or running, which are verified through its mobile app. The SWEAT tokens that users earn are used to unlock rewards, purchase goods and services, or trade for other cryptocurrencies through exchanges.
The main goal of the ecosystem is to incentivize a healthier lifestyle while promoting community development and decentralized governance. The Sweat Economy works in conjunction with the Sweatcoin mobile app, where users generate rewards by participating in fitness exercises.
The app utilizes several data collection systems, including GPS and motion sensors, to detect the users’ physical activity and reward them accordingly. Furthermore, the Sweatcoin app uses motion validators to prove the legitimacy of the users’ movement on the blockchain. Information from the app is sent through an algorithm to spot fraudulent activities before legitimate ones are recorded on the blockchain.
Sweatcoin has imposed a daily limit on the number of tokens users can earn. This is to mitigate abuse and ensure that the model is sustainable in the long run. The current limit is set at 5 SWEAT per day, but users can increase their limits by delegating their tokens to earn staking rewards.
What Is The Sweat Economy Token ($SWEAT)?
Sweatcoin (SWEAT) is the native cryptocurrency of Sweat Economy. The token issued on the NEAR Protocol blockchain is the primary currency of exchange within the ecosystem. It is the reward users earn for their physical activities tracked by the Sweatcoin app.
SWEAT can be spent within the network to purchase goods and services, unlock reward points like vouchers and discounts, tickets to popular sports events, and rewards in stablecoins. Users can also stake their SWEAT to increase their daily minting limit and earn more tokens. SWEAT is also required to pay for services to advertise health and fitness products to the Sweatcoin community.
SWEAT Tokenomics
SWEAT has a maximum supply of 21.33 billion tokens, out of which, 6.79 billion SWEAT are currently in circulation. The total market capitalization of the cryptocurrency stands at $46.53 million. In the last 24 hours, the Sweat Economy token saw a trading volume of $5.028 – up over 50%.
At the time of writing, SWEAT is trading at $0.006845 – up 10.98% over the previous day.
Sweat Economy (SWEAT) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
Based on its current market valuation, we have projected the minimum, average, and maximum prices at which SWEAT could change hands between 2024 and 2030. Do note that the prices given below are purely hypothetical and can change depending on the market conditions.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
| 2024 | $0.004739 | $0.7892 | $0.9381 |
| 2025 | $0.2771 | $0.2763 | $0.7846 |
| 2026 | $0.001079 | $1.52 | $1.91 |
| 2027 | $0.4960 | $0.4959 | $1.52 |
| 2028 | $0.002514 | $2.19 | $2.89 |
| 2029 | $0.6372 | $0.6357 | $2.18 |
| 2030 | $0.0009114 | $2.79 | $3.88 |
Where To Buy Sweat Economy Token (SWEAT) From?
Here are the exchanges where you can buy, sell, and trade SWEAT:
- Uniswap V3 (Ethereum)
- OKX
- Bybit
- Gate.io
- HTX
- Bitfinex
- KuCoin
- MEXC
- Bitget
- BingX
Is Sweat Economy (SWEAT) A Credible Cryptocurrency Investment?
Sweat Economy is a cryptocurrency protocol that rewards users for engaging in physical fitness activities, like walking or running, through a Move-To-Earn model. Users’ workouts are verified through the Sweatcoin mobile app and then recorded on the blockchain. The tokens they earn can be used to unlock rewards, purchase goods and services, or exchanged for other cryptocurrencies.
Looking at its prospects and gradual rise in market performance, it is clear that Sweatcoin has a big potential in the crypto economy as more people are becoming health conscious. All things considered, I would recommend SWEAT as a credible cryptocurrency investment.
However, as is the case with every cryptocurrency, SWEAT is also prone to extreme price volatility in the crypto market. Therefore, you must carefully research to fully understand the benefits and risks of the Sweat Economy ecosystem before making an investment decision.
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