![]() According to the company's report, Sweatcoin's 60 million users walk an average of 20% more after downloading the app. SweatCoin is disrupting some of the biggest economies in the world. For every 1,000 steps, the app pays the person 1 Sweatcoin, which they can then use within the network. The application uses a user’s smartphone GPS to track their movements on a daily basis. It is a pioneering idea to empower people to improve their health and get paid for it.Ĭurrently, Sweatcoin is the only mobile application available in the market that pays people to walk. SweatCoin is a fintech company that is changing how people work out. This is already one of the biggest onramps into crypto ever with more and more people buying into the move-to-earn concept and signing up so they can get their SWEAT when the token generation event comes.”īlockchain.News reported that Sweatcoin's design is primarily to incentivise people's health. Oleg Fomenko, Co-founder of Sweatcoin, said in a statement that Sweatcoin has "seen around 100,000 people sign up every day since our launch. Like other Move2Earn tokens, users mint SWEAT tokens as they. The app also saw a total worth of $71 million value exchanged in the in-app marketplace in Q1 2022 alone. SWEAT is a new cryptocurrnecy built by Sweatcoin on the NEAR Protocol’s blockchain network. In Brazil, Sweatcoin became the #1 app overall in the App Store and Google Play less than two months from launch. It also witnessed a growth rate of over 22% in one month. The original Sweatcoin app has more than 110 million users, of which more than 13 million have already opted into crypto and downloaded the Sweat Wallet app. Within the Sweat Economy app, a crypto token, SWEAT and cryptocurrency wallet, Sweat Wallet are launched. Sweat Economy is the newly-launched web3 initiative of Sweatcoin. Between May 1st and 4th, it saw over 7 million new users, taking the total number of sweatcoin users to above 76 million worldwide. At the time of writing in September 2022, Sweatcoin is ranked first for the most downloaded health and fitness app in 58 countries. The Sweatcoin app is witnessing massive growth. The concept behind Sweatcoin's new move-to-earn crypto token is to allow users to mine the token by tracking their steps on their smartphones.Īccording to the London-based tech company, the idea behind the token is to launch a global currency based on the value of steps and movement and the cryptocurrency will be minted purely by steps. Its important to note that Sweatcoin is the foundation of the. Sweatcoin connects to your Google Fit, Apple Fit, or similar default fitness app to log your daily steps. The app tracks the steps you take in a day, just like any other track-stepping app you can install. The total number represents an allocation of over 860 million sweatcoins and they will be matched with SWEAT at the token generation event in July this year. This crypto cache allows users to access and transfer their Sweatcoins easily and safely. Products: Sweatcoin (non-crypto) and Sweat Wallet (crypto) reward hundreds of millions of people for their steps. Sweatcoin is a free-to-install smartphone app available on Android, Windows, and iOS. Sweatcoin has seen the creation of over 3.4 million crypto wallets via its mobile application since the announcement of the SWEAT crypto token by the company on April 12.
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