What Is Sweat Wallet?
Sweat Wallet is an application software download free Android utility which allows you to store your Sweatcoins earned in the Sweat Economy program. You can withdraw these coins to a cryptocurrency wallet after registering for the app.
Initially, users are given five Sweatcoins for registering their accounts. They can then use them to purchase goods and services in the Sweat Economy marketplace. In addition, Sweatcoins can be donated to a range of charities.
It is important to note that you can only accumulate Sweatcoins for steps that are recorded by the app. If you are a highly active person, it is possible to earn up to ten Sweatcoins per day.
You can use Sweatcoin to buy goods and services from the marketplace or donate them to a charity. The company also offers a referral program, where you can earn 5 Sweatcoins for every new user you refer.
The app aims to change global physical activity behavior through the power of crypto-minting. They claim that their app has increased its users’ physical activity by 20%, reducing burdens on global healthcare systems.
Moreover, the team states that they have never sold their user’s movement data to any third-party. They are also planning to decentralize movement verification and allow other apps and wearables to verify movements.
The Sweatcoin cryptocurrency is based on the NEAR protocol, a leading PoS network that was certified carbon-neutral in February 2021. It is also planned to incorporate a bridge to support ERC-20 and EVM compatible chains.
