Not all move-to-earn have managed to garner a mainstream audience or sustain its growth long-term. 👀 Sweat Economy is looking to change this, by making move-to-earn more accessible, intuitive, and most importantly, sustainable.👇
But until now, none have managed to garner a mainstream audience or sustain its growth long-term. Sweat Economy is looking to change this, by making move-to-earn more accessible, intuitive, and most importantly, sustainable.Join us in showcasing the cryptocurrency revolution, one newsletter at a time.
In Q1 2022, Sweatcoin provided more than $70 million in goods and services to its users in exchange for keeping fit.The next phase of its roadmap is well underway, and the Sweat Economy is now ready to launch, the project notes.Sweat Economy works in combination with the Sweatcoin app. Through the app, users earn digital rewards points by engaging in physical activity.
The platform makes use of movement validators to verify the validity of movement on the blockchain. The raw data received from the user's device is passed through an algorithm to detect fraudulent behavior and record only genuine activity on the blockchain. The platform is certified carbon neutral: Sweat Economy is the first move-to-earn application built on the platform.As the first mover in the move-to-earn space, Sweat Economy and the associated Sweatcoin app have been around as a Web2 product since 2015. Now, the app is moving into cryptocurrency rewards with its new extension.In order to appeal to the largest possible audience, users can access the Sweat Economy with zero barriers to entry, according to the project.
Sweat Economy is also building a competitive NFT-enabled game within the Sweat Wallet app. Users will be able to stake their SWEAT tokens as they compete with other players. Each head-to-head match will result in the burning of SWEAT, helping to shrink the circulating supply over time.
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