• Sweat Economy is a web3 project that seeks to unlock the economic value of movement.
• The team plans to re-launch its Sweat Wallet application and its native token, SWEAT, in the United States later this year.
• Starting on September 12, 2023, US Sweatcoin app users will receive their allocations of SWEAT in proportion to their current ‚Sweatcoin‘ holdings.
Sweat Economy is a Web3 project seeking to unlock the economic value of movement. The venture’s global launch was in September 2022 which included the launch of the native token called SWEAT alongside its Web3 wallet application called Sweat Wallet. However, this launch failed to pass regulatory barriers in the US so US customers were locked out from receiving their $SWEAT allocations or generating new tokens by walking.
The team plans to re-launch its Sweat Wallet application and its native token, SWEAT, in the United States later this year. This coincides with the first anniversary of the venture’s global launch on September 12th 2023. The app rewards millions of US users with loyalty points called ‚Sweatcoins‘ for steps they make when walking and with new launch they will be able to start generating new $SWEAT tokens by walking as well as receiving their $SWEAT allocations too.
US residents will be able to install the Sweat wallet application starting from September 12th 2023 and receive their allocations of SWEAT in proportion to their current ‚Sweatcoin‘ holdings right away. These tokens will not come from additional token emissions but from existing token allocations already available globally.
Founder Oleg Fomenko expressed his happiness about finally being able to bring this product into US markets saying: „It is a great pleasure to finally bring our flagship product into U.S market“. He further added that he believes that „the Sweat Wallet will revolutionize how people interact with real physical activities and open up new possibilities for monetizing fitness.“
Sweat Economy is set ready for launching Sweate Wallet Application and it’s native Token SWEAT in US Market starting on September 12th 2023 so that users can start earning more SWEAT tokens with every step they make while also getting their existing $SWEAT allocation too without any additional token emissions!