Sweat Crypto Price: Sweat Economy Charts and News
If you aim to invest in sweatcoin these days, the price of sweatcoin might interest you. So here is a sweat crypto price analysis, along with the latest news and statistics.
Sweat Crypto Price: What Is a Sweat Coin?
Sweatcoin is a revolutionary cryptocurrency that allows you to earn money by physically activating yourself. Using the Sweatcoin app, you can turn your steps into a digital currency you can exchange for goods and services.
Sweatcoin, this new form of currency, falls into the “move-to-earn” tokens that allow you to reward yourself for your physical activity while encouraging you to be more active. Let’s learn together how to use Sweatcoin to earn money while improving your health.
Sweat Crypto Price and Statistics
- Market Cap: $46.68M
- 24h Volume: $516,152
- Circulating Supply: 6.66B SWEAT
- Max Supply: N/A
- Total Supply: 22.59B SWEAT
- The highest price: $0.091476 -91.87% Sep 14, 2022 (12 months)
Sweat price today is US$0.007013. It has a 24-hour trading volume of $516,152. SWEAT is +2.30% in the last 24 hours. It is currently -2.83% from its 7-day all-time high market price of $0.007217 and 10.23% from its 7-day all-time low of $0.006362. SWEAT has a circulating supply of 6.66 B SWEAT.
SWEAT, What Are Its Main Features?
Sweatcoin is an application that allows you to earn money by exercising. On Sept 14 2022, the app was launched, and Sweatcoin is ranked first for the most downloaded health and fitness app in 58 countries. Using a move-to-earn rated SWEAT Token can reward you for your physical activity while being incentivized to be more active.
The app tracks the user’s steps and also connects to activity-tracking apps to record daily steps. It is available on Android, Windows and iOS.
It is important to note that constantly tracking your steps through the Sweatcoin app may cause increased battery consumption of your device. This can cause problems when you’re not home regularly and don’t have a charger nearby. It is therefore recommended to take measures to avoid this problem.
Also, before installing the app and starting to “move to earn”, it is important to note that the earnings obtained with Sweatcoin are quite low. While getting paid to walk or run is nice, the payments are relatively modest.
The Sweatcoin app allows you to earn money by walking or running. For every step you take, you earn a fraction of a Sweatcoin. Specifically, 1,000 steps equals 1 Sweatcoin.
If you are a very active person, you could earn up to 10 Sweatcoins per day or several hundred Sweatcoins per month.
Besides that, the app offers a marketplace and an auction section to use your earned Sweatcoins. It is also possible to make donations to charities of your choice. Finally, you can exchange your SWEAT tokens for cryptocurrencies like Bitcoin or Tether (stablecoin).
How Does the Sweatcoin App Work?
To use Sweatcoin, you must first download the app for free on your smartphone. Once installed, it uses GPS technology and your phone’s sensors to track your steps and offer you SWEAT tokens in exchange.
Every time you walk, run, or play sports, the app records your steps and awards you a number of SWEAT tokens based on your physical activity. You can track your progress and the number of earned SWEAT tokens in your personal account in the app.
It is important to note that the SWEAT cryptocurrency can only be used on the Sweatcoin app and is not considered real currency. However, you can redeem your SWEATS for real goods and services that Sweatcoin or its partners offer.
To convert your SWEAT tokens into goods or services, go directly to the application and browse the available offers. When you find something you are interested in, you can use your SWEAT tokens to buy it. It’s simple and easy to use.
By using the Sweatcoin app, you can easily convert your steps into digital currencies, which you can exchange for real goods and services. It’s hard to find a better way to be entertained, exercise, and get paid at the same time.
Can You Convert Sweat Into USDT?
Have you accumulated SWEAT tokens and want to convert them to USDT? It is possible to do this through exchange platforms like Kucoin. You can easily turn your SWEAT tokens into Tether, a stable cryptocurrency that can be used to buy other cryptocurrencies or converted into US dollars. To buy crypto, you can use different cryptocurrency exchanges.
Sweat Crypto’s Latest News
Sweat Economy is a platform that rewards users for physical activity. It plans to repurpose previously locked more than 2 billion Sweatcoin tokens in inactive user wallets.
The devs locked these tokens, which are worth approximately $10 million, after a token giveaway event in September 2022.
Sweatcoin users who participated in the platform’s move-to-earn crypto program received Sweat tokens, but these tokens were locked in a contract for a period of 24 months. However, users who did not download the Sweatcoin Wallet app and claim their locked tokens have effectively rendered a significant portion of the platform’s token supply unusable.
Participants of the Sweat Economy were allowed to participate in a voting procedure conducted by a decentralized autonomous organization. This voting process aimed to determine what would happen to the locked SWEAT tokens. Users could either retrieve, transfer, and potentially repurpose the 2 billion tokens in the future or leave them untouched in their respective inactive accounts.
