SWEAT to US Dollar

Yes.  We want you to experience the incredible benefits of a peer-to-peer currency for yourselves.

SWEAT is a new token, generated by your movement. You can only create SWEAT through the Sweatcoin App. Currently, you can create SWEAT with only your steps. In time, there will be more activities that create SWEAT, such as swimming, gym work, cycling etc.

Sweatcoin and SWEAT are part of Sweat Economy. They share the same founding team at Sweatco ltd. Sweatcoin is a centralized app for people who cannot access, or do not want to access, crypto. The Sweatcoin App converts your steps into sweatcoins. You can exchange sweatcoins for goods and services in the Sweatcoin marketplace. Alternatively, you can choose to donate them to a range of charities.   SWEAT is a new, decentralized crypto token, created to unlock the value of your movement.

Sweat Economy refers to the project dedicated to bringing value to movement. It is a broad term to cover every step along the SWEAT journey: the user moving; the apps, wearables, and equipment that verify movement; the blockchains that create SWEAT out of verified movement; and the buying, selling, staking, and exchange of SWEAT.

Sweat Economy is a founding entity of the Open Economy of Movement. By  tokenizing physical activity, Sweat Economy produces a token, SWEAT,  which can be used to form a broader economic ecosystem where the value  of physical activity can be exchanged, verified, and calculated. This is  the Open Economy of Movement.

SWEAT will be held in a Sweat Wallet, which is built on NEAR. NEAR is a high-performance blockchain, which prides itself on security – for more details on this, visit the Near token website.

What can I do with my SWEAT?
When your SWEAT unlocks after the TGE, you will be able to stake it to earn a high yield return of SWEAT.   In time, you will be able to: ●    participate in governance of the network (token holders have the privileges⠀ ⠀associated with running a network, such as voting and rewards) ●    sell your SWEAT on an open market ●    exchange it for other cryptocurrencies ●    apply it to many different use cases

At the Token Generation Event (summer 2022) we will match your sweatcoin  balance with SWEAT. You will not lose your sweatcoins in this.  After the TGE, you will create SWEAT with your first 5,000 steps, and  earn sweatcoin for the next 5,000. At this stage, you will not be able  to exchange the sweatcoins you have earned in the extra 5,000 steps a  day with SWEAT.  At some point, an exchange will be available.

If anything, this will improve and increase the offers on the marketplace.

Anyone who: ●    Can download the Sweatcoin App ⠀⠀●    Is not on our restricted countries list  If you cannot download the Sweatcoin App, do not worry. We are adding  new countries constantly, so make sure to sign up with your email to  receive updates.

With the Sweatcoin App, you earn for the first 10,000 steps in a day. If  you opt in to crypto, the first 5,000 steps are converted into SWEAT,  and the next 5,000 steps you take will create sweatcoins.   We chose the overall limit of 10,000 because we want to promote healthy  habits –  while we want people to get moving, we do not want them to  move too much. We chose 5,000 steps as the limit for SWEAT to maintain a  healthy ecosystem in which both SWEAT and Sweatcoin can flourish.

Add an answer to this item.No! At the Token Generation Event, we will match the sweatcoin in your  wallet with SWEAT. After that, you can create SWEAT with your first  5,000 steps a day instead of sweatcoins. The steps you take after 5,000  will create sweatcoins.

You don't! SWEAT connects to your existing Sweatcoin account. All you  will need to do is to create a Sweat Wallet which stores your SWEAT.  This takes only a minute.

At the Token Generation Event, you can claim an equal amount of SWEAT to  the sweatcoins in your wallet. For free. Without burning your  sweatcoins.

The claim of the Token Generation Event is such that: 1 sweatcoin equals  1 SWEAT. In practice, this means you can effectively create a SWEAT  with 1,000 steps. However, after the Token Generation Event, each SWEAT  will require more movement. So get moving!

This is not something we can decide. The purpose of creating a  cryptocurrency is to make it open to be used by many people, in many  different ways. An open market means that the Sweat Foundation do not  determine the price of the token.

NEAR, a low-cost, high-speed, and eco-friendly blockchain. In time,  SWEAT will be multi-chain, operating on other blockchains, such as an  ERC-20 token.

If you stake your SWEAT to earn more SWEAT, you choose how long the tokens are locked for.

For the Sweat Economy team, it is 12 months from their start date. For the Sweatcoin team, it is 12 months from TGE.