The minting rate is set to decrease to 1 SWEAT for every 18,187 steps by the second half of 2024. The minting rate of SWEAT is designed to decrease with time such that SWEAT’s inflation becomes “exponentially-decreasing”.Īs of mid-October 2022, the minting rate of SWEAT stands at 1 SWEAT for 1,270 steps. SWEAT supply: How many coins are out there?Īn understanding of the maximum supply and circulating supply of SWEAT will give us a better idea about the concentration of SWEAT among the biggest Sweatcoin holders.Īccording to Sweatcoin’s litepaper, SWEAT has an uncapped supply. The project’s website said they are “considering this as an option” and “may become available in the future”. As of 21 October, users were earning 1 SWEAT for every 1,410 steps.Īfter the daily limit of SWEAT earning is reached, users are rewarded 1 sweatcoin for every 1000 steps up to the sweatcoin daily issuance cap.Īs of 21 October 2022, SWEAT and sweatcoins are not exchangeable. The minting rate of SWEAT is designed to decrease over time. Users earn SWEAT with their first 5,000 steps everyday and can earn sweatcoins for the next 5,000 steps. The SWEAT crypto launched on 12 September in a token generation event where Sweatcoin holders were airdropped SWEAT cryptocurrencies on a 1:1 basis. Users with higher SWEAT stakes get access to better rewards, lower transaction fees and increased daily minting limits. Meanwhile, SWEAT is the platform cryptocurrency of the Sweat Economy, which can be staked to earn yields. Sweatcoin holders can donate their tokens on the Sweatcoin Walking Step Tracker app to support various environmental and social causes. ![]() Sweatcoins can be redeemed for discount and gift vouchers from various websites and brands, including Amazon ( AMZN) and Apple ( AAPL). SWEAT is a cryptocurrency accessible via the Sweat Wallet. Sweatcoin is an in-app reward token obtained via the Sweatcoin Walking Step Tracker app. It is important to understand the differences between SWEAT and the token before looking at the top holders of sweatcoin. Try demo Difference between SWEAT and sweatcoin Users earn sweatcoins for walking a certain number of steps. Users need to download the Sweatcoin Walking Step Tracker, available on the App Store or Google Play Store, to begin earning tokens called sweatcoins. The project is collectively called the Sweat Economy and is built on top of layer-one blockchain called NEAR Protocol (NEAR). Sweatcoin is a move-to-earn fitness application that rewards users with in-app tokens as an incentive for physical activity. Who owns the most Sweatcoin’s native tokens? Let’s learn more about this move-to-earn cryptocurrency project’s biggest token holders. The crypto has lost over 70% since its debut in September 2022. As of 21 October, SWEAT was the world’s 477th largest cryptocurrency, with a market capitalisation of over $27.5m. Its native cryptocurrency, SWEAT, can be earned by walking a certain number of steps everyday. Sweatcoin ( SWEAT) has established itself as one of the hottest move-to-earn projects in the cryptocurrency sector having amassed over 13 million users by August 2022. ![]() SWEAT tokens in midst of brutal selloff but who’s buying? Photo: Praveen Nanu / Shutterstock
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