How does Sweatcoin works?: Make free money with your Steps.

It's crucial to follow trends, regardless of your level of knowledge with cryptocurrencies or whether you're a novice investor. Sweatcoin's introduction is among the most interesting new features. By revolutionizing your health and assisting you in making money, this cryptocurrency has the ability to change everything. Sweatcoin piques your curiosity. Find out more about sweatcoin with us as we examine how to buy and stake sweatcoin cryptocurrency after its formal launch on September 13, 2022, at the token generation event (TGE).

What is Sweat Economy (SWEAT)?

In Sweatcoin, a Web2 app with more than 120,000,000 (120M) global users, Sweat Economy has already developed the most well-liked Health & Fitness App globally of 2022. This served as a springboard for the development of the Sweat Wallet, a Web3 application powered by the new cryptocurrency SWEAT. There are currently 13,000,000 (13M+) wallets created for the new app.

Since the project's inception in 2016, the sweatcoin app has become the top-ranked App globally in 66 different nations. See the graphics below 👇

However, anyone with a smartphone (both android & iOS) can download the software and essentially "walk into crypto" without making any initial investment. Millions of users might use the Sweat Wallet as their first cryptocurrency wallet, opening up a huge opportunity for revenue creation through advertising and transaction fees on in-app services (purchasing crypto with fiat, crypto-crypto exchanges, NFT marketplaces, and more). The token will be purchased and burned using this income from the secondary market to increase it's appreciating value over the long term.

Moreso, staking for rewards and yield (net deflationary), dynamic NFTs & gamification, and unlocking new features in the app are all examples of token usefulness.

Click here to download app now.

In terms of quantity, SWEAT will get exponentially tougher to mint over time (in one year it will be approx. 3x harder to mint). Only 15% of the total created supply is in circulation at the Token Generation Event, and only 16% of this amount is held by the community. 

Base on our most recent forecasts, the graphic below 👇 is an estimate. 

The entire amount of SWEAT that has already been minted determines the rise in minting difficulty, not time itself.

Because of this, the minting difficulty can adapt to changing demand. We utilize time for simplicity of reference.

1000 Steps = 1 SWEAT at the moment (TGE). Given that SWEAT minting will become more challenging in the future, similar to Bitcoin (halving in every four years), now is the ideal time to start.

Community members will receive SWEAT at the token generation event on September 13th, 2022, to match their Sweatcoins. This is a one-time deal to launch the cryptocurrency revolution on move-to-earn apps.

However, the token generation event (TGE) is already underway as of the time of this publication, and the screenshot below shows that over 526 SWEAT have been issued to my personal wallet. 

NB: Keep an eye out for our upcoming posts and updates on further move-to-earn (M2E) hot apps in the cryptocurrency world on this channel.

Let's move on.....😎

The gifted airdrop is actually a "lockdrop" because the majority of the tokens won't be liquid but rather gradually unlocked over time.

For the TGE tokens:

• 10% will be liquid at TGE.

• 90% will unlock linearly over the following 24 months.

                            👆👆👆👆

Unlocked 🔒 SWEAT = 53.06 ( currently liquid & tradebale on exchanges)

Locked 🔐 SWEAT =  477.73 (with an unlocking rate of 19.75 per month spread over the next 24 months.

What distinguishes Sweat Economy (SWEAT) from other Companies and other move-to-earn Apps?

No payment up front: With SWEAT, no payment is necessary at all, and the token's underlying worth drives demand.

Income generation strategy: The majority of move-to-earn (M2E) initiatives use a circular revenue model, in which users purchase a token in exchange for an NFT, which enables them to earn more tokens, and upgrade their NFT, etc. Such a paradigm offers very little in the way of essential value. The essential value of SWEAT drives its revenue.

Utility value: Fun games, access to wonderful rewards that people genuinely want, and usage as a platform token (discounts on trading and transaction fees, and access to NFT drops).

Buy and destroy: User participation, distribution (B2B), and transaction fees are the established business models that provide the money (B2C).

Track record: With Sweatcoin, the team behind Sweat Economy has been able to successfully monetize user engagement since 2016. Sweatcoin is the most well-liked Health & Fitness app of 2022.

Biggest ever Web2 to Web3 conversion: The Sweat Wallet will grow to be the biggest entry point for cryptocurrency. Almost everyone with a smartphone may enter the cryptocurrency market.

An open economy of movement is the long-term goal: This is predicated on the idea that movement has a core value. SWEAT is a manifestation of that value thanks to tokenizing movement. This vision calls for the development of new Movement Validators that will enable users to profit from their exercise, cycling, and swimming as well as the Sweat DAO, which will enable users to monetize their movement data and sell it to insurers and other businesses.

What is the roadmap for Sweat Economy (SWEAT)?

Check out more into 2025 on the infographics below 👇as Sweatcoin is a long term and sustainable project with already strong take off and Community.

Sweat Economy's (SWEAT) sources of income.

• Monetize user engagement (B2B): One of the largest on-chain user bases in cryptocurrency belongs to the sweatcoin foundation, which has over 12 million non-custodial wallets.

Numerous third party organisations value having access to this user base. By creating products and services that offer value through marketing, distribution, and engagement, SF will be able to make money from access to this user base.

Examples:

Generating income from the development of chain wallets: A partnership with a $50 million revenue potential has been negotiated by the Sweatcoin foundation and lots more to take place with other businesses.

Learn and Earn: Our learn and earn campaign was completed by more than 815K users.

Monetization of Movement Data: Enabling users to sell their personal mobility data.

• Transaction fees (B2C):  Another source of income generation for SF are in app transaction fees. Features like crypto-to-crypto trading and NFT primary and secondary markets will be available in the sweat wallet app. Given our user base, income from the transaction fees will be very huge.

How does Sweat Economy (SWEAT) work?

Anyone, anywhere may enter cryptocurrency. Thanks to the Sweat Wallet, which will grow to be the industry's biggest on-ramp. In order to benefit our society and produce income for purchasing and burning SWEAT, the ecology and product will be continuously improved.

Features of the product include:

• Growth Jar: Stake SWEAT to receive yields and join the rewards program.

• SWEAT rewards club - Redeem physical incentives like concert or event tickets, gift cards, and NFT games to compete with other players for rewards.

• Arriving soon: Buy SWEAT and other cryptocurrencies using a bank card using the fiat on-ramp (paper📜 money).

• Already Arrived: Crypto-to-Crypto exchange on both centralized (CEX) and decentralized (DEX) exchanges.

NB: Keep a look out for our upcoming posts and updates on top best exchanges in the world where SWEAT had been listed, how to buy, stake and get SWEAT rewards. Earn passive income.

Calm your nerves; it's time to improve your health and financial situation. If you haven't already, all you have to do is sign up and tokenize your movement🚶🏃🏃🚶to get healthier and wealthier.

Let's move on😎 .....so

What is the marketing strategy of Sweat Economy (SWEAT)?

Sweatcoin, a Web2 app, marked the beginning of Sweat Economy's mission to create an open economy of movement. With over 120M+ users, Sweatcoin has since surpassed other Health & Fitness apps in popularity. Sweat Economy has now launched SWEAT, a cryptocurrency that will fuel the Sweat Wallet app, leveraging its user base and experience. Users have made more than 13 million Sweat Wallets in just four months.

What technologies is Sweat Economy (SWEAT) using?

The NEAR protocol, a well-known PoS network that was recognized as carbon-neutral in February 2021, serves as the foundation for both the Sweat Wallet (a non-custodial wallet) and SWEAT (a currency). They are working on a bridge that will enable users to transfer SWEAT to chains that are ERC-20 and EVM compliant.

Pheew! It's been a blast walking for SWEAT. Don't lose out on the opportunity to become healthier and wealthier. 💰💸💵💴💶💷💸💰. You can also search our previous article on 'How to exchange Sweatcoin for money' on this Channel.

Click here to start your free Sweatcoin sign up while we go into more depth about the Premium subscription, other boost benefits, staking and rewards, race challenges, donations, and events in our other upcoming posts.

As crypto enthusiasts, we at FinSwatify are always on the lookout for ethical initiatives and other ways to generate passive income through trading in cryptocurrencies, NFTs, foreign exchange, and other financial instruments.

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