The edge that pays for itself.
SWEAT (SWEAT) Price
SWEAT Price
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| HTX | SWEAT/USDT | 0.00 | 20,847.29 | 21,462.17 | 1.76 M | 0.09 | cex | 301.00 | 7/9/2025, 6:23 AM |
| Bitget | SWEAT/USDT | 0.00 | 7,291.58 | 11,076.39 | 642,641.73 | 0.03 | cex | 347.00 | 7/9/2025, 6:24 AM |
| Gate | SWEAT/USDT | 0.00 | 49,680.70 | 60,903.65 | 321,395.43 | 0.01 | cex | 436.00 | 7/9/2025, 6:23 AM |
| Deepcoin | SWEAT/USDT | 0.00 | 0.00 | 0.00 | 221,798.26 | 0.04 | cex | 0.00 | 7/9/2025, 6:21 AM |
| MEXC | SWEAT/USDT | 0.00 | 30,628.36 | 29,565.59 | 175,233.89 | 0.01 | cex | 330.00 | 7/9/2025, 6:18 AM |
| BitMart | SWEAT/USDT | 0.00 | 10,029.99 | 26,171.38 | 97,486.34 | 0.01 | cex | 351.00 | 7/9/2025, 6:21 AM |
| OKX | SWEAT/USDT | 0.00 | 53,000.09 | 53,230.82 | 88,564.95 | 0.01 | cex | 437.00 | 7/9/2025, 6:23 AM |
| Tapbit | SWEAT/USDT | 0.00 | 229.82 | 49.48 | 86,732.08 | 0.01 | cex | 49.00 | 7/9/2025, 6:18 AM |
| Bybit | SWEAT/USDT | 0.00 | 25,754.76 | 42,400.52 | 73,245.01 | 0.00 | cex | 334.00 | 7/9/2025, 6:21 AM |
| AscendEX | SWEAT/USDT | 0.00 | 20.29 | 13.11 | 51,702.15 | 0.00 | cex | 8.00 | 7/9/2025, 6:18 AM |
SWEAT FAQ
Sweatcoin is a widely acclaimed mobile fitness application that debuted in 2016. With a user base exceeding 110 million globally, the app aims to promote healthier lifestyles by incentivizing daily physical activity. Users are rewarded with an in-app currency known as Sweatcoin, a non-crypto virtual token that serves as a monetary incentive for engaging in physical activities. Users now have the option to convert Sweatcoin into SWEAT — the crypto token — to redeem real-world prizes and experiences. As of September 2022, Sweatcoin is ranked as the most downloaded health and fitness app in 58 countries. Sweat Economy represents the newly established web3 initiative of Sweatcoin. Within the Sweat Economy application, a cryptocurrency token named SWEAT and a cryptocurrency wallet called Sweat Wallet have been introduced. More than 13 million wallets were created within four months of the launch. Additionally, Sweatcoin has successfully secured $13 million in investor funding and is planning to conduct a public token sale and stronghold offering on the DAO Maker launchpad. Read: Move to Earn: Fad or The Future?
Oleg Fomenko is the co-founder of Sweat Economy. He is a Russian-born, London-based entrepreneur with an extensive background at companies such as Coca Cola, Visa, PepsiCo, and the Boston Consulting Group. Fomenko also founded and served as CEO of Bloom.fm, a mobile music streaming service that attracted over 1.2 million users with its £1 per month unlimited streaming offer. Shortly after Bloom.fm ceased operations, Fomenko initiated work on Sweat Economy. Co-founder Anton Derlyatka holds an MBA from the London Business School and has completed Executive Programs at Stanford Business School and UC Berkeley. Before joining Sweat Economy, Derlyatka worked at a venture capital firm specializing in fitness technology and held senior management positions at Reebok, Kearny, and Pepsi. Egor Khmelev serves as the CTO and co-founder of Sweat Economy. He is a developer and a graduate of the Computer Science program at the University of London. Prior to Sweat Economy, Khmelev led several tech startups in Moscow. Shaun serves as the CCO and manages the ecosystem to ensure the smooth operation of commercial activities. With a background in running multiple startups and expertise in banking and corporate finance, he is well-equipped to lead the company's tokenomics and token strategy.
The application seeks to reduce global carbon footprints by promoting physical activity, thereby fostering a healthier and more active world. Sweatcoin is pioneering a move-to-earn (M2E) model, akin to a play-to-earn game, where participants can earn financial rewards through their engagement. In this M2E setup, users have the opportunity to earn cryptocurrency by staying physically active in their daily routines. The development team has reported a boost in their users' physical activity by approximately 20% and has collaborated with the NHS to contribute to a healthier society and alleviate pressures on global healthcare systems. Additionally, while Sweat Economy asserts that it has never sold users' data, the platform will offer users the option to sell their movement data to healthcare companies if they choose. STEPN initiated the move-to-earn trend in early 2022, claiming over 3 million users and establishing itself as a leader in the M2E sector. Despite a surge of M2E entrants in the crypto industry, Sweat Economy already possesses a functional application and a global user base prior to launching a token and transitioning into a Web3 "lifestyle application." This information is derived from Eulerpool.
The team behind Sweat Economy has decided not to impose a cap on the token supply, as they aim to encourage movement; the more steps individuals take, the more tokens will be generated. Nevertheless, the team plans to introduce an exponentially decreasing inflation mechanism, meaning that each subsequent SWEAT token will require a greater number of steps to mint.
Both the SWEAT token and Sweat Wallet are developed on the NEAR protocol, a layer-one blockchain that operates using the proof-of-stake (PoS) consensus mechanism. Validators are required to stake a minimum seat price of 67,000 $NEAR, although the actual seat price may vary. Up to 100 seats are allocated to validators to assist in securing the network.
The SWEAT token is scheduled to be launched on September 12, 2022.
At the time of writing, the token has not been launched, making it uncertain whether SWEAT will reach a value of $1.
To purchase Sweat Economy at the prevailing rate, the leading cryptocurrency exchanges for trading Sweat Economy stock currently include OKX, Bybit, Bitfinex, and Kucoin. Additional exchanges are listed on our crypto exchanges page.
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