Sweat Economy price
SWEAT
SWEAT

Sweat Economy price

$0.0068230
+$0
(+0.00%)
Price change from 00:00 UTC until now
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USD
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Market info
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Sweat Economy market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$14.00M
Circulating supply
2,049,075,000 SWEAT
Market cap ranking
247
24h high
$0.0069360
24h low
$0.0067120
All-time high
$0.093400

Sweat Economy price performance in USD

The current price of Sweat Economy is $0.0068230. Since 00:00 UTC, Sweat Economy has increased by +0.00%. It currently has a circulating supply of 2,049,075,000 SWEAT and a maximum supply of 0 SWEAT, giving it a fully diluted market cap of $14.00M. At present, Sweat Economy holds the 247 position in market cap rankings. The Sweat Economy/USD price is updated in real-time.
Today
$0
+0.00%
7 days
-$0.00013
-1.82%
30 days
-$0.00034
-4.82%
3 months
-$0.00160
-18.99%

About Sweat Economy (SWEAT)

Blockchain has a wide range of use cases, and the development of Sweat Economy (SWEAT) crypto token and ecosystem proves this to be true. So far, Sweat Economy’s landmark Sweatcoin app has gathered millions of users from across various countries. 

What is Sweat Economy?

Sweat Economy, formerly known as Sweat Coin, has undergone a rebranding to align with its vision and remarkable growth. The project's native token, SWEAT, derives its name from its core objective and mission. Sweat Economy aims to combat carbon footprint on a global scale and incentivize users who share this common goal. 

The Sweat Economy team

The Sweat Economy team comprises accomplished professionals who bring diverse expertise to the project. Co-founder Leg Fomenko, hailing from Russia, has a wealth of experience working at renowned companies such as Coca-Cola and Visa. Another co-founder, Anton Derlyatka, holds an MBA from the London Business School and has further enhanced his knowledge through Executive Programs at Stanford Business School and UC Berkeley. 

Egor Khmelev, also a co-founder, is the CTO of Sweat Economy. With a background in development and a degree in Computer Science from the University of London, Khmelev has led successful tech startups in Moscow before joining Sweat Economy. Henry Child, the CCO of Sweat Economy, started his career in traditional finance, working at a hedge fund, before transitioning into the tech and crypto industry. He has held positions at crypto companies Bitfinex and Tether and has also worked at Deliveroo HQ.

How does Sweat Economy work?

Sweat Economy operates within the Web3 paradigm, with its flagship application, Sweatcoin, being launched in 2016 and later integrated into the Web3 ecosystem. The app incentivizes users to engage in physical fitness activities by rewarding them with points for each step they take or jog they complete. 

After a few years of app development, the Sweat Economy team collectively decided to introduce the conversion of in-app rewards into their native cryptocurrency. This integration with Web3 technology contributed to an increased user base, with Sweat Economy experiencing its highest volume of users in 2022.

SWEAT tokenomics

The SWEAT token currently has a circulating supply of 4,808,026,671 tokens out of a total supply of 22,527,508,507 tokens.

SWEAT use cases

SWEAT serves as a reward for users of the Sweat Economy app, incentivizing physical activity and providing crypto rewards. The current value of SWEAT determines the value of the reward. 

Additionally, as an Ethereum-based token, SWEAT can be used for staking and is supported by staking protocols like OKX Earn. Furthermore, SWEAT functions as a governance token, granting holders the ability to make decisions that benefit the ecosystem.

How is SWEAT different from STEPN?

SWEAT and STEPN (GMT) were launched in 2022, but Sweat Economy has been active since 2016, building its ecosystem off-chain before transitioning to an on-chain model. While SWEAT focuses on incentivizing physical activity and reducing carbon footprint, STEPN is a prominent move-to-earn project in the crypto industry.

The future of Sweat Economy

Sweat Economy has exciting plans for the future, including the launch of a Web3 game that will complement its expanding ecosystem. The game will undergo thorough beta testing before being released on the mainnet. Users can compete and earn SWEAT tokens by completing tasks with both real and virtual step competitions. In-game non-fungible tokens (NFTs) will enhance the virtual step competition, adding another layer of engagement and rewards for participants.

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SWEAT FAQ

What is Sweatcoin?

Sweatcoin is a fitness application that incentivizes users to engage in physical activity. The app rewards participants with Sweatcoins for every 1000 steps they take. These Sweatcoins can be utilized to purchase various goods, services, and experiences in the in-app marketplace. 

By combining exercise and rewards, Sweatcoin motivates users to lead an active lifestyle while allowing them to redeem their rewards.

What is Move-to-Earn (M2E)?

Move-to-Earn (M2E) is a concept embraced by the Sweat Economy, which encourages individuals to stay active by offering incentives for achieving specific real-world milestones.

M2E applications have gained significant traction in the fitness industry and are projected to maintain popularity. This model motivates users to engage in physical activities by providing tangible rewards, fostering a healthier and more active lifestyle.

Where can I buy SWEAT?

Easily buy SWEAT tokens on the OKX TR cryptocurrency platform. One available trading pairs in the OKX TR spot trading terminal is SWEAT/USDT

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), for SWEAT with zero fees and no price slippage by using OKX TR Convert.

How much is Sweat Economy worth today?
Currently, one Sweat Economy is worth $0.0068230. For answers and insight into Sweat Economy's price action, you're in the right place. Explore the latest Sweat Economy charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Sweat Economy, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Sweat Economy have been created as well.