What Is Sweat Economy? The Move-to-Earn Application and Fitness Ecosystem

By rewarding people with digital tokens, a variety of move-to-earn apps have looked to make fitness more attractive and rewarding.

Keeping fit is, without a doubt, one of the best ways to improve health and happiness. It’s unusual then, that so many people struggle to maintain their physical activity.

The move-to-earn paradigm recently emerged as a potential solution to the problem. By rewarding people with digital tokens, a variety of move-to-earn apps have looked to make fitness more attractive and rewarding.

But until now, none have managed to garner a mainstream audience or sustain its growth long-term. Sweat Economy is looking to change this, by making move-to-earn more accessible, intuitive, and most importantly, sustainable.

What Is Sweat Economy?

Sweat Economy is an upcoming extension to the burgeoning Sweatcoin product ecosystem. It is an on-chain token ecosystem and mobile application that helps to reward users for keeping fit. Sweat Economy is a Web3 extension to the currently existing Web2 Sweatcoin platform — which is currently the most downloaded Health & Fitness app globally, according to the project.

Launched in 2015, Sweatcoin is arguably the first example of a move-to-earn application and has secured its place as the number 1 app in more than 60 counties. The project records that there are well over 110 million downloads across 165 countries.

The new platform brings Sweatcoin on-chain and introduces the SWEAT token, the Sweat DAO, the non-custodial Sweat Wallet, NFT marketplace, and an ecosystem of new Sweat products that are made possible by blockchain technology.

Sweat Economy looks to change the face of fitness by refining the move-to-earn industry and making it available to a mainstream audience. The platform introduces a range of measures to control growth in the token supply while still providing attractive incentives for users. In Q1 2022, Sweatcoin provided more than $70 million in goods and services to its users in exchange for keeping fit.

How Does Sweat Economy Work?

Sweat Economy works in combination with the Sweatcoin app. Through the app, users earn digital rewards points by engaging in physical activity. These rewards can be accumulated, spent in-app, or converted to on-chain SWEAT tokens and stored in the non-custodial Sweat Wallet app.

Once minted on-chain and available in the Sweat Wallet app, users will have free reign over what they do with their tokens — whether that be playing games, unlocking perks, or exchanging for other assets.

Within the Sweat Wallet app, users can stake their SWEAT tokens to begin earning a yield and unlock access to further rewards — which can include event tickets, gift cards, and NFT from its partners.