$0.007900
3.55%
$0.007420
24h Range
$0.008251
Market Cap
$60,811,178.0
Fully Diluted Valuation
$168,098,734.2
24 Hour Trading Vol
$9,371,245.0
Circulating Supply
7,697,535,334.6
Total Supply
21,277,431,974.4
Max Supply
∞
Sweat Economy Price
$0.007900
24h Range
$0.007420 - $0.008251
Percent Change 1h
-0.04%
Percent Change 24h
3.55%
Percent Change 7d
-6.55%
All-time high
$0.091
All-time low
$0.004202
1D
7D
1M
1Y
All
Sweat Economy (SWEAT) is a blockchain-based ecosystem that incentivizes physical activity by rewarding users with cryptocurrency for their workouts and healthy lifestyle choices. Launched in 2022, SWEAT operates on the Sweatcoin platform, which has garnered over 30 million users globally. The primary goal of Sweat Economy is to bridge the gap between fitness and finance, allowing users to earn SWEAT tokens for their real-world physical activities, which can then be utilized for various services and products within the ecosystem.
The founders of Sweat Economy are Oleg Fomenko and Anton Derlyatka. Oleg Fomenko, a former banker and entrepreneur, has a background in technology and consumer behavior, while Anton Derlyatka has experience in marketing and product development. Both founders have a vision to merge health and finance, aiming to create a sustainable model that promotes fitness and well-being through the use of blockchain technology.
Sweat Economy operates through a mobile application where users can track their physical activities, such as walking, running, or exercising. The app uses GPS and motion sensors to verify the activities and converts them into SWEAT tokens. Users earn SWEAT by accumulating steps, with an estimated earning rate of 1 SWEAT for approximately 1,000 steps. The tokens can then be spent on various products, services, or even traded on cryptocurrency exchanges. In 2023, the platform introduced a 'Sweat Wallet' to facilitate transactions and enhance user experience.
The SWEAT token has a total supply of 10 billion tokens, with a portion allocated for community rewards, development, and partnerships. In 2023, the token saw a surge in trading volume, with over $100 million traded in the first quarter alone.
The Sweat Economy offers several use cases aimed at enhancing user engagement and promoting a healthier lifestyle:
To ensure the safety and security of your Sweat Economy assets, consider the following best practices:
Investing in Sweat Economy (SWEAT) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Sweat Economy: Once your account is funded, you can purchase Sweat Economy directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Sweat Economy using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Sweat Economy (SWEAT) is currently trading at $0.007900 and exhibits good potential for future growth. Check the latest Sweat Economy (SWEAT) price prediction.
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