![]() ![]() When the application’s users had carried out a certain amount of steps, they were paid in the token which, in turn, could be redeemed for rewards with companies such as Headspace and Audible, or donated to a range of charities. The original Sweatcoin coin was a non-crypto token. ![]() The sweatcoin token, also known as sweat economy, or by its ticker handle of SWEAT, is based on the Ethereum ( ETH) and Near Protocol ( NEAR) blockchains and is designed to reward users who sign up to the system and carry out exercise. In April 2022, it was announced that the Sweatcoin app would be launching its own cryptocurrency. The next inevitable move was for an organisation which was not based on the blockchain to cross into the crypto move-to-earn (M2E) universe.Ĭan sweatcoin become the top M2E token? - Photo: Hasbi Sahin / P2E meant, simply, that if a game rewarded people with NFTs, those NFTs could ultimately be sold for real-world, fiat currency.Īs a result, the idea of the move-to-earn game was created, with one of the most notable examples being Stepn ( GMT), which came out in March 2022. While Triffic, ultimately, withered, the idea of the metaverse, a virtual environment where people could interact with each other and decorate their own space, led to a growth of non-fungible tokens ( NFTs), which in turn led to a system known as play-to-earn ( P2E). This led to the rise of more colourful fitness apps. The success of Pokemon Go had proven that there was no need for a fitness phone app to be dull, technical, and austere. The idea behind this was that people could walk around their local areas and collect powerups, rather similar to Pokemon Go, which had been a massive recent success. It was inevitable that there would be some kind of crossover between fitness apps and blockchains. With the growth of smartphones, it is now easier to create a “digital pedometer”, which tracks how many steps you take every day, and also links in with other health metrics, such as weight, calorie burn, and so on. ![]() Move-to-earn explainedįitness tracker apps have blossomed in the tech sphere in the past decade or so. What is sweatcoin ( SWEAT)? How does sweatcoin work? What is sweatcoin used for? Let’s see what we can find out. Sweatcoin, a move-to-earn operation, is one of the most eagerly anticipated cryptocurrency launches of recent times. SWEAT aims to get people moving and rewards them for doing so - Photo: Shutterstock ![]()
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