• Sweat Economy is a Web3 project that seeks to unlock the economic value of movement.
• Its Web2 Sweatcoin app has been available in the US market since 2016 and its native token, SWEAT, was launched globally last year in September.
• US customers are set to receive their allocations of SWEAT tokens from existing token allocations starting on September 12th, 2023 when they install the Sweat Wallet application.
Sweat Economy Unlocking Economic Value of Movement
Sweat Economy is a web3 project that seeks to unlock the economic value of movement by using its Web2 Sweatcoin app which has been available in the US market since 2016. Last year in September, Sweat Economy launched its native token called SWEAT alongside its Web3 wallet application called Sweat Wallet but it failed to pass the regulatory barriers in the US.
US Customers Can Receive Allocations of SWEAT Tokens
Starting on September 12th, 2023, US residents will be able to install the Sweat wallet application and receive their allocations of SWEAT tokens in proportion to their current ‚Sweatcoin‘ holdings. The team emphasized that tokens will not come from additional token emissions but from existing token allocations.
Comment From Founder Of Sweat Economy
Founder of Sweat Economy Oleg Fomenko commented: „It is a great pleasure to finally bring our offering into this huge market with warm welcome and support.“ He added that “We are incredibly excited about what this means for our platform and our users around the world”.
What The Launch Brings To Users
The launch brings new opportunities for users who can earn more $SWEAT tokens by walking as well as access different rewards or use them for payments through one single digital currency wallet. This will also create an opportunity for users to connect with others and participate in various activities such as workouts or challenges within different communities on sweat economy platform.
Conclusion
The launch of SWEAT tokens and Web3 wallet app by Sweat Economy later this year promises new opportunities for US customers who can start earning more $SWEAT tokens by walking while accessing different rewards or use them for payments through one single digital currency wallet.