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  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
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Sweat Wallet logo

Sweat Wallet

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News

New Editorial Guidelines Introduced to Improve Reporting Standards.

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A new editorial policy has been launched that emphasizes accuracy, relevance, and impartiality in reporting.
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Bayarjavkhlan Ganbaatar

Magic Internet Money Faces Pressure Below Dollar Peg

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Magic Internet Money, a stablecoin from the Abracadabra ecosystem, has fallen below its intended dollar peg, raising concerns about liquidity and market stability.
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Diego Alvarez

House Financial Services Committee Releases New Report

House Financial Services Committee Releases New Report

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A new report has been released by the House Financial Services Committee, emphasizing a strict editorial policy that focuses on accuracy, relevance, and impartiality in financial reporting.
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Kenji Takahashi

What is Sweat Wallet?

Sweat Wallet creates a Sweat token to encourage movement. Whether you're taking your kids to school, shopping or taking a walk in the park during your lunch break, you'll earn rewards for all of these activities.

Sweat Wallet: get tokens for your physical activity

Sweat Wallet is currently the only way to mint SWEAT, but the app is expanding globally. Over time, Sweatcoin will become one of the pieces of the Sweat Economy. SWEAT mining will be independent of the countries where the Sweatcoin app is available, giving way to a truly global potential.

SWEAT — a token, generated by your movement. You can only create SWEAT through the Sweatcoin app. Currently, you can create SWEAT, using just your steps. Over time, there are more activities such as swimming, gym classes, cycling, etc.

Sweat Wallet — the hub, where minted SWEAT is stored and used. The traffic data, used to mint SWEAT directly on the web, comes from another application. This makes it easier to connect new traffic validators to decentralize the network and expand the types of traffic people could use SWEAT for.

Users can only mint SWEAT after the first 5,000 steps per day.Sweat Wallet

Considering that the level of minting difficulty will increase exponentially after TGE, these 5000 steps will mint less and less SWEAT. This model forces budding scammers to scale out to hundreds or thousands of accounts in order to justify the operation. Horizontal scaling is expensive because the motion validator, Sweatcoin, only allows for authentic Apple and Google accounts, and each account requires a unique device.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.