Performance of Sweat Economy (SWEAT) since its launch:
- Launch Date: Sweat Economy launched on September 13, 2022.
- Initial Performance: It started trading at $0.05101, rose to a high of $0.09257, and then settled at $0.05629 on the launch day1. The price peaked at $0.09188 the following day but then experienced a decline1.
- Yearly Performance:
- 2022: The price dropped by -83.00% from $0.060058 to $0.0102112.
- 2023: The price of SWEAT increased by 10.89% from $0.010211 to $0.0113232.
- The average yearly growth over the last 3 years is -36.06% per year2.
- Current Price: As of the latest data, SWEAT is price at Kucoin
- Market Cap: The current market capitalization stands at $66,920,8903.
- Trading Volume: The 24-hour trading volume is reported to be $7,177,5203.
- Supply Details:
- Circulating Supply: 7,785,471,656 SWEAT tokens.
- Total Supply: 21,539,898,437 SWEAT tokens.
- User Adoption: Sweat Economy has more than 10 million wallets created and has attracted 2.1 million monthly active wallet users, with 1 million carrying out on-chain activities4. In total, all users have minted more than 4.18 billion steps, earning 1.6 billion SWEAT tokens4.
Sweat Economy aims to incentivize physical activity by rewarding users with SWEAT tokens for their steps. It’s unique in that it requires no initial capital and is free to use, making it accessible to a broad audience.
Residents of 7 countries including the United States participated in a token distribution event and were rewarded Sweat crypto tokens proportionally with the Sweatcoin they have earned. There is still a challenge trading Sweat to USD as a US citizen. You can always exchange your Sweat on a DEX but we will not be covering that. We will focus on Coinbase, Binance and Kucoin, which tend to be much more user friendly and more suited to our club member needs. Remember you are not trading Sweatcoin to US Dollar. Sweatcoin is a cybercurrency used exclusively in the Sweatcoin App. The trade-able cryptocurrency is the Sweat crypto token ($Sweat).
To participate in any Sweat trading the 1st thing you must do is install Sweat Wallet and link your Sweatcoin App. From there you will need an account on a crypto exchange to turn your Sweatcoin to fiat currency. Most wallets will let you exchange Sweat for Etherium or other cryptos.
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(archive Aug. 23) US residents are still unable to earn Sweat tokens but can continue to earn Sweatcoin that are exchanged for offers in the app marketplace. Sweat to USD is enabled on exchanges outside of the United States.
There is quite a bit of bad information online regarding SWEAT to USD conversion. Most of the bad information are the large crypto quoting sites that are all looking to get a jump on the competition as far as search results go. With 40 million wallets there are huge expectations for the launch of SWEAT on the NEAR blockchain will be a kickstart back to growth in blockchain and web3 usage.
Currently any instant quote you see offered online is a made-up number and you will most likely never see that price for a real SWEAT to US Dollar exchange. The reason being that the SWEAT token does not currently exist, it will not be distributed by the Sweat foundation until September 12, 2022. Once the coin is distributed and picked up by exchanges, only then can we get a true public market price. Since no one owns any SWEAT as of today, purchases and sales of Sweatcoin are the only transactions currently happening and those are private transactions like the ones we help connect at Sweatcoin Club. We can offer a Sweatcoin to US Dollar quote because of our experience in the crypto markets and with these private transactions. After the token distribution event of the SWEAT token we will be able to trade on an exchange and be given a proper liquid market quote.
Users outside the US should create a Sweat wallet in the app. You will be required to fill out a KYC (know your customer) form for the Sweat foundation to send you your new tokens. You must have this completed prior to the exchange date. After that date you will not receive your sweat tokens.
To convert crypto to US dollars, you will need to use a cryptocurrency exchange or trading platform that supports this type of transaction. These platforms allow users to buy and sell different types of cryptocurrencies, including Bitcoin and Ether, using various payment methods, including US dollars.
To convert crypto to US dollars, you will first need to create an account on a cryptocurrency exchange or trading platform. Once your account is set up, you can deposit funds in US dollars into your account. You can then use these funds to buy the cryptocurrency of your choice. Once the transaction is complete, the cryptocurrency will be added to your account, and you will be able to withdraw it or use it to make purchases.
It's important to note that the value of cryptocurrencies can fluctuate rapidly, so the value of your crypto may change between the time you buy it and the time you convert it back to US dollars. Be sure to carefully research the current market value of the cryptocurrency you're interested in before making a purchase.