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SWEAT Stock

SWEAT

SWEAT

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SWEAT Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
HTXSWEAT/USDT020,847.2921,462.171.76 M0.09cex3017/9/2025, 6:23 AM
BitgetSWEAT/USDT07,291.5811,076.39642,641.730.03cex3477/9/2025, 6:24 AM
GateSWEAT/USDT049,680.760,903.65321,395.430.01cex4367/9/2025, 6:23 AM
DeepcoinSWEAT/USDT000221,798.260.04cex07/9/2025, 6:21 AM
MEXCSWEAT/USDT030,628.3629,565.59175,233.890.01cex3307/9/2025, 6:18 AM
BitMartSWEAT/USDT010,029.9926,171.3897,486.340.01cex3517/9/2025, 6:21 AM
OKXSWEAT/USDT053,000.0953,230.8288,564.950.01cex4377/9/2025, 6:23 AM
TapbitSWEAT/USDT0229.8249.4886,732.080.01cex497/9/2025, 6:18 AM
BybitSWEAT/USDT025,754.7642,400.5273,245.010cex3347/9/2025, 6:21 AM
AscendEXSWEAT/USDT020.2913.1151,702.150cex87/9/2025, 6:18 AM
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SWEAT FAQ

What is Sweatcoin and Sweat Economy (SWEAT)?

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?

Who Founded Sweat Economy (SWEAT)?

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.

What Distinguishes SWEAT?

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.

What is the Circulating Supply of Sweat Economy (SWEAT) Coins?

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.

What Mechanisms Secure the SWEAT Economy Network?

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.

When is SWEAT Trading Scheduled to Commence?

The SWEAT token is scheduled to be launched on September 12, 2022.

Can SWEAT Reach $1?

At the time of writing, the token has not been launched, making it uncertain whether SWEAT will reach a value of $1.

Where Can You Purchase SWEAT?

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.

Investors interested in SWEAT are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.