What Is SWEAT

Definition of SWEAT

SWEAT is the native cryptocurrency of the Sweat Economy, a blockchain-based platform that rewards users for physical activity through a move-to-earn model. SWEAT originated from the popular Sweatcoin app, launched in 2016 by a team including Oleg Fomenko and Anton Derlyatka. The project transitioned to blockchain in 2022, aiming to gamify fitness and wellness. Its core concept revolves around incentivizing exercise by converting steps into digital assets. The ecosystem includes the Sweat Wallet app, integrations with wearables, and partnerships for real-world rewards, fostering a community-driven health economy.

How Does SWEAT Work

Operational Mechanisms

SWEAT operates on the NEAR Protocol blockchain, leveraging its scalable architecture for efficient transactions. It uses a proof-of-stake (PoS) consensus mechanism to validate activities and secure the network.

Technical Principles

Users track steps via the app, which mints SWEAT tokens based on verified movement. Smart contracts handle token distribution and staking. Private keys secure user wallets, while public keys enable transparent transactions, ensuring data privacy and immutability in the move-to-earn system.

How Is New SWEAT Created

Issuance and Mining Mechanisms

New SWEAT is created through a move-to-earn mining process where users earn tokens by walking or exercising, verified by app algorithms.

Supply and Reward Details

The total supply is capped at around 22 billion tokens, with an inflationary model that decreases over time. Rewards are distributed daily based on activity levels, and staking allows users to earn additional yields, promoting long-term holding and network participation.

The Use Cases of SWEAT

Payments and Rewards

SWEAT enables payments for fitness-related goods, services, and charity donations within its ecosystem.

DeFi and Governance

Users can stake SWEAT for yields in DeFi protocols or participate in governance votes. It supports NFTs for virtual fitness assets and cross-border transfers of earned rewards, blending health tracking with crypto utility.

Buy, Send, or Store SWEAT

Purchasing Channels

You can buy SWEAT on trusted platforms like WEEX Exchange or through OTC trades. Sign up on WEEX to earn a free 20 USDT bonus, making it a reliable spot for trading SWEAT. https://www.weex.com/how-to-buy

Storage and Security

Use hot wallets like the Sweat Wallet for easy access or cold wallets for enhanced security. To send, input the recipient's address via your wallet app. Always enable two-factor authentication and store private keys offline to protect against risks.

Pros & Cons / Risks

Advantages

- Promotes health through incentivized activity. - Decentralized and scalable on NEAR blockchain. - Low transaction fees and fast processing.

Risks

- High volatility in token price. - Regulatory uncertainties in fitness crypto space. - Technical vulnerabilities like app glitches or network congestion.

Comparison

SWEAT vs. Alternatives

Unlike Bitcoin's focus on value storage, SWEAT emphasizes real-world utility in fitness, similar to STEPN but with broader accessibility. It differs from Ethereum by using NEAR for lower costs, positioning it as a niche token in the move-to-earn sector.

Conclusion / Next Steps

Future Potential

SWEAT holds promise in expanding the health-tech crypto niche, with potential growth through more partnerships and tech upgrades.

Practical Suggestions

Review the official whitepaper and roadmap for deeper insights. Join the community on social platforms to stay updated, and consider staking to engage actively.

Market & Ecosystem

Market Cap & Trading Volume

As of September 11, 2025, SWEAT's market cap stands at approximately $220 million, with a 24-hour trading volume of $5 million.

Exchanges Where It’s Listed

SWEAT is available on platforms like WEEX Exchange, offering secure trading options.

Community Size & Activity

The community boasts over 100,000 Twitter followers, active Reddit discussions, and Telegram groups with high engagement on fitness challenges.

Ecosystem Growth

Growth includes partnerships with wellness brands and increasing developer activity for app integrations, driving adoption.