Thread by @coingecko

All eyes are on $SWEAT this week... 👀 What is @SweatEconomy, how does it work, and what are their tokenomics? Let's dive in! 🧵

1/ What is #Sweatcoin?
• Sweatcoin is a free #Move2Earn app that lets users earn a virtual currency known as sweatcoins while walking.
• These sweatcoins can be converted to $SWEAT tokens or exchanged for in-app rewards.

2/ What is @SweatEconomy?
• Sweat Economy is a blockchain ecosystem of the Sweatcoin platform.
• It’s an on-chain crypto ecosystem and mobile app that facilitates the #M2E reward model.
• Note the difference between Sweatcoins & $SWEAT tokens (Source: @SweatEconomy) 👇

3/ How does @SweatEconomy work?
• It works in combination with the Sweatcoin mobile app.
• The app utilizes data collection systems like GPS and motion sensors, to establish users’ activities and reward them accordingly.

4/ How much $SWEAT can users earn?
• For every 1,000 steps, users earn 1 $SWEAT.
• However, the token issuance difficulty will increase gradually over time. This means more steps will be required to mint 1 $SWEAT.
• Users are also limited to earning 5 $SWEAT tokens per day.

5/ $SWEAT token supply schedule
• The max supply of $SWEAT is capped at 21B.
• The supply of SWEAT is expected to be fully vested by Sept 2026.

6/ Curious to see #SWEAT's token allocation? The much anticipated tokenomics data is now live on @coingecko! Check it out here ⬇️
gcko.io/k8oieao