Sweat Economy

Purpose and Utility

Sweat Economy is a move-to-earn cryptocurrency project that rewards users with SWEAT tokens for physical activity tracked through their smartphones. The project aims to incentivize healthy lifestyle choices by monetizing movement.

Business Model

The platform operates through the Sweatcoin app, which converts steps into SWEAT tokens. These tokens can be used within the ecosystem to purchase products, services, or NFTs from partner brands. The business model is transparent and based on promoting physical activity, which aligns with Islamic principles of maintaining good health.

Real-World Adoption

The Sweatcoin app has demonstrated significant adoption with over 100 million registered users globally. The project has established partnerships with numerous brands and maintains an active marketplace where users can spend their earned tokens.

Platform Development

The project shows continuous development activity with regular updates to both the app and blockchain infrastructure. The team maintains an active development schedule and regularly implements new features and partnerships.

Token Distribution

The token distribution includes allocations for user rewards, development team, and ecosystem growth. While there are tokens allocated to the team and early investors, they are subject to vesting periods, showing commitment to long-term project development.

Revenue Model

The primary revenue streams come from partnerships with brands and marketplace activities. The project does not involve interest-bearing mechanisms or prohibited activities under Islamic law.