***SWEAT CRYPTO and SWEAT WALLET 2023 Update***
One year from the Sweat token generation event, US Sweatcoin users will (finally) be allowed to install the Sweat wallet and will be issued a proportional amount of Sweat crypto in exchange for all sweatcoin held in the app.
Below is the official announcement posted on medium from Sweatco on the US token launch:
US SWEAT token and Sweat Wallet launch
On September 12th, $SWEAT and Sweat Wallet will be available to US users!
September 12th, 2023 marks the one year anniversary of the launch of SWEAT crypto tokens. On this date, US residents will be able to use the Sweat Wallet to receive their allocations of SWEAT in proportion to their current Sweatcoin holdings, and start earning more tokens for their steps right away.
US residents will be able to claim an amount in proportion to their balance had they participated in the TGE. This means that as we are using tokens already available, there will be zero impact on circulating supply. How so?
At the TGE on September 12th 2022, the Foundation minted enough SWEAT to match all the sweatcoins ever minted. This enabled an offer for Sweatcoin users to match their sweatcoins with SWEAT.
Not all of that $SWEAT was claimed, which will be used in this allocation.
Why not a 1:1 claim? Well, the regulatory situation meant that we could not offer this 1:1 in September 2022, and it would not be fair to the rest of the ecosystem to offer it now, given that US users have had one more year — and a higher daily earning limit — to increase their sweatcoin holdings. Furthermore, it would also create a market distortion, as it is now almost 3X harder to mint SWEAT than it was just six months ago.
Finally, your and our vision that your steps should be rewarded with a true blockchain-based currency will materialise. We know that many US residents have stopped using the app as a result of not earning $SWEAT. We’d love to invite you back to sweatcoin — where you can log into your account and prepare for the launch of SWEAT in the US!
Keep a look out for a “Walk into crypto” banner in the sweatcoin app. We can’t wait for you to join the Sweat Economy.
A new era
From day one, the community has called for access to Sweat Wallet and $SWEAT in the US. We’re excited to say, that time is almost here!
The US is a massive market for Sweat Economy to spread into. To truly create an open economy of movement, we need to make Sweat Wallet and SWEAT as accessible as possible around the globe. We are delighted that the network can spread to the US. It signifies a giant leap forward for the project, and for the mission it has of inspiring the world to move.
Join Clubs and Earn Rewards
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*archive May 2022: The Sweat crypto TGE (Token Generation Event) date has been announced. The Sweatcoin distribution of the sweat token will occur on September 13, 2022. All holders on this date will receive 1 Sweat for each sweatcoin they own in the app wallet.
The day has finally arrived! Our friends at Sweatco ltd. have announced the creation of a foundation to reward all Sweatcoin wallet holders to receive SWEAT - A new cryptocurrency being released on the very well know $NEAR blockchain. $NEAR is a level one blockchain cryptocurrency that has been chosen is currently a top 20 blockchain in terms of volume. The SWEAT token will be eco friendly, as is NEAR and also allows for very low cost transactions.
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THIS WAS IT as posted in early 2022 "Look at that image on the right.... Could this be the teaser for an official announcement that your Sweatcoin cyber-currency will become a true Cryptocurrency on the blockchain?
Since inception but publicly announced over 2 years ago, the goal of Sweatco ltd. was always to have a true currency that can be exchange traded. This would be the ultimate in M2E (Move to Earn). This would take your steps way beyond the marketplace and in to the world."
Check back to get the updates on the Sweatcoin tokens on blockchain.
To ensure you receive your SWEAT token distribution, be sure you have created a sweat wallet in the app and completed the needed KYC (Know your Customer) form. If you have not created the sweat wallet and KYC prior to the 12th, you will not receive your token distribution. Reopen Sweatcoin account or find lost sweatcoin login.
Once you have received your SWEAT crypto, you will be able to convert Sweat to US Dollar,
