Details of Sweat Economy – the latest Move-to-Earn project and the SWEAT . token

• What is Sweat Economy (SWEAT)?
• What makes Sweat Economy (SWEAT) unique?
• Sweat Economy development roadmap
• Sweatcoin revenue model - is it sustainable?
• How revenue supports SWEAT . stability
• SWEAT tokennomics
• SWEAT . use cases
• Where can I buy SWEAT?
• summary

What is Sweat Economy (SWEAT)?

Sweat Economy created the most popular Health & Fitness app globally in 2022 in Sweatcoin, a Web2 app with over 110 million users. This was used as a funnel to create Sweat Wallet, a Web3 application powered by a new cryptocurrency – SWEAT. The new app already has 13 million wallets created.

No initial investment is required, any user can download the app and literally 'step into the crypto market'. Sweat Wallet could become the first crypto wallet for millions of users, unlocking great potential for revenue generation through advertising and transaction fees on in-app features (buy crypto with fiat, cryptocurrency exchange, NFT market, etc.). This revenue will be used to buy and burn tokens on the secondary market.

On the other hand, Sweatcoin is the company that creates the tokens, apps, and wallets needed to earn SWEAT tokens by walking.

Here's the coolest part: Sweatcoin aims to develop a whole suite of SWEAT-based apps, including NFTs, games, marketplaces, and all sorts of different platforms.

This is called the Sweat Economy, where the token will play an important role both for the users and for the company itself. 

What makes Sweat Economy (SWEAT) unique?

• No upfront fees. With SWEAT, there are no payment requirements at all, and the demand for the token comes from the underlying value.
• Revenue model. Most interactive monetization 2 projects are based on a circular revenue model: People buy tokens to get NFT, which helps them earn more tokens, helps them upgrade NFT… There is very little underlying value. version in such a model. SWEAT revenue is driven by underlying value.
• Value of utility. Access to amazing rewards people really want, plus fun games and use as platform tokens (reduced transaction and transaction fees and access to reduced NFTs).
• Buy and burn. Revenue comes from established business models: User participation and distribution (B2B) and transaction fees (B2C).
• Tracking profile. The team behind Sweat Economy has been successfully monetizing user engagement since 2016 with Sweatcoin, their Web2 app, the most popular Health & Fitness app of 2022.
• Largest Web2 to Web3 conversion ever. The Sweat Wallet will become the biggest forward into crypto. Anyone with a smartphone can literally participate in cryptocurrency.
• Long-term vision to create an open economy of movement. This is formed on the premise that the movement has a fundamental value. The encoding motion allows SWEAT to be an expression of that value. This vision includes a new Motion Validator to allow users to monetize exercise, cycling and swimming, and the creation of Sweat DAO to allow users to monetize their motion data and sell that data to insurance companies and more.

Sweat Economy development roadmap

The project has launched a development roadmap on its website in the near future.

Sweatcoin revenue model – is it sustainable?

Now, let's tackle the most sensitive aspect of Sweat Economy – and every crypto-bonus project, to be honest – sustainability.

To be sustainable and pay users their rewards or absorb the inflationary pressures of SWEAT, Sweatcoin has to generate revenue. The company claims to do this from two sources:

• From companies (B2B) who pay Sweatcoin to access and promote their products and services to its vast user base.
• From users (B2C), through transaction fees in Sweat Wallet app features, including on-line transfers, off-link, crypto exchange, NFT purchases…

How revenue supports SWEAT . stability

You may be wondering why revenue is related to token sustainability. The answer is simple, the money or more precisely, the value that Sweatcoin promises to pay its users must come from.

On the other hand, the rewards are essentially emission-based, which is extremely unsustainable and is the reason STEPN's GST lost almost all of its value.

Especially in the case of SWEAT, the revenue is determined to support the token in three different ways:

• Buyback and Burn: Sweatcoin will commit a percentage of its revenue to buy and burn the token on the secondary market or distribute it as staking profits. This reduces the token supply, minimizing the inflationary impact.
• Invest in rewards: Another portion of revenue will fund rewards for those requested by users, such as stablecoins, gift cards, and event tickets. This will give even more incentive to hold the token, increasing demand and reducing selling pressure.
• Ecosystem development: Includes product development, community growth, and partnerships. These aim to drive further user growth and utility for the token.

SWEAT tokennomics

SWEAT has an unlimited supply, which is generally not recommended for long-term holders. The explanation for this is that Sweatcoin aims to incentivize permanent movement and exercise, which they can only do if they continue to reward your steps.

However, to mitigate this inflationary aspect, SWEAT minting difficulty will increase in the future, pushing inflation to near zero with each passing month.

On the other hand, we can say that the initial tokenization and distribution is significantly beneficial to the company and its stakeholders.

In fact, only a quarter of the total initial token supply is intended for the general public (Lockdrops and Public Sale), while around 74% of the total SWEAT is devoted to the company, which is investors. individuals and group members.

While this is less than ideal, it makes sense to consider Sweatcoin as essentially giving away free to users if they actually use the app while jogging.

The good news is that tokens allocated to owners, team and stakeholders will have a total allocation and vesting period of up to 4 years.

In other words, they won't receive their full tokens until 48 months have passed. This prevents them from dumping their tokens on the market and lowers the price.

SWEAT . use cases

The platform offers several applications for SWEAT holders.

• Users can staking tokens for profit, as well as earn special rewards, which will be decentralized. The more SWEAT you staking, the better rewards you can earn.
• Second, Sweatcoin is also developing a game based on SWEAT which users will be able to play with their tokens and further opens the Play-to-Earn functionality.

• Another feature is access to premium in-app benefits, like reduced fees and daily limit increases.
• Finally, in case you are not interested in any of these features, you can always take your earned SWEAT and immediately sell it on the open market for other tokens, making a profit. net.

Where can I buy SWEAT?

Currently, SWEAT has been traded on many major centralized and decentralized exchanges in the market such as OKX, Bybit, FTX, Uniswap…

summary

The Move-to-Earn concept faces an existential obstacle, it's simply too easy to get by. Everyone walks every day, so who doesn't want to get paid for it.

This has resulted in all Move-to-Earn projects not working according to the original trend. Instead, they managed to increase rapidly for a few months until inflation and selling pressure.

And is the personal opinion of the writer, will not recommend anyone to buy SWEAT. Instead, try to earn free coins by walking every day. Remember, this is not financial advice but a personal opinion.

That said, Sweatcoin takes a different approach to the entire Move-to-Earn economy . Their aim is to integrate their token with the real world economy, rather than playing it as an in-game currency like STEPN's GST.

Furthermore, Sweatcoin already has significant partnerships and things seem to be on track for them to keep adding more.

This will bring further demand and utility to SWEAT. Whether that will be enough to offset its tokenomics inflation remains to be seen.