Sweatcoin Launches the SWEAT Token Generation Event

13.09.2022 13:34
by Aleksandar Đurić
1 min read

After a few months of delay, Sweatcoin has finally launched its token, SWEAT, in today’s token generation event (TGE).

Sweatcoin is a unique app in that rewarded users with the homonymous sweatcoins for walking. For every 1000 steps taken, users would receive one sweatcoin, which they spent in the app, by buying products, gift cards, or donating to charity.

Now, Sweatcoin’s own crypto, SWEAT, will be minted by walking. For every 1000 steps, users will receive one SWEAT token, with a maximum of five tokens per day. For every 1000 steps additionally made over that day, users will be gifted with sweatcoins instead.

For today’s TGE, a total of 25.8 billion SWEAT tokens were created – the same as the number of sweatcoins in circulation. In addition, SWEAT will initially be available on OKX, Bitfinex, FTX, Kucoin, and Bybit, with more crypto exchanges expected to follow soon.

According to DAOMaker, with 13 million Sweat Wallets activated in just four months since its release, Sweatcoin is the fastest growing dApp of all time. And 13 million wallets mean a whole lot of people are following Sweatcoin’s transition from Web2 to Web3.

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