Fitness App Sweat Economy To Launch Web3 Token On DAO Maker

Sweat Economy, one of the most popular online fitness ecosystems will host its Web3 token sale for SWEAT on DAO Maker’s launch pad as well as release its Sweat Wallet product.

Sweat Economy, which is a popular online fitness ecosystem and creator of Sweatcoin, is all set to host its Web3 token sale for SWEAT, a new cryptocurrency. The token sale will be conducted on DAO Maker’s launch pad which coincides with the launch of its new Sweat Wallet product.

A little about Sweatcoin

Sweatcoin is the number one most downloaded health and fitness app of 2022 and boasts over 110 million users worldwide. Launched back in 2016, the app has spent time being the top overall app in 58 nations. As a Web2 app, Sweatcoin incentivizes users to get more active using its native loyalty currency called Sweatcoins. They can earn Sweatcoins for their daily steps, which can be redeemed for open access to special giveaways, competitions, and games. They can also be exchanged for exclusive partner rewards. Q1 2022 saw users redeeming their Sweatcoins for over $70 million worth of goods and services.

Launching Sweat Economy’s new Web3 product and cryptocurrency

Sweat Economy is all set to launch its new Web3 product, Sweat Wallet, along with a new cryptocurrency called SWEAT. SWEAT is expected to become the newest coin in the Sweat Economy ecosystem. Users can stake SWEAT within their Sweat Wallet to earn attractive yields, exclusive NFTs and games, access to enhanced in-app features, and a host of other amazing rewards.

By using the Sweat wallet app, holders will be able to store, send and receive SWEAT tokens. According to the project’s roadmap, Sweat Economy will equip the app with a suite of features that will turn it into a Web3 portal. This will include a fiat gateway to buy SWEAT along with other cryptocurrencies, NFT marketplace integration, and crypto-to-crypto exchanges just to name a few.

Once launched, Sweatcoin users will be entitled to receive one SWEAT for every Sweatcoin in their possession, while still retaining their original Sweatcoins. As a result, there are no barriers to entry, which means anyone can start minting SWEAT with their steps with no purchases required. This will enable Sweat Wallet to become the largest on-ramp of Web2 to Web3 ever. At the time of writing, more than 12 million users have applied to receive SWEAT, which is scheduled to be hosted on September 5^th, 12:00 UTC on the DAO Maker launch pad.

What is DAO Maker?

DAO Maker is the go-to platform at the retail level in both tokens as well as equity. It was launched back in 2017 and has since grown to include more than 500,000 users. To date, DAO Maker has hosted successful IDOs/SHOs that have funded more than 100 projects. It has an average peak performance of 4,000% for projects launched in Q2 2022.

Conclusion

Founded in 2015, Sweat Economy aims to promote a healthier lifestyle by encouraging its users to move more. With more than 110 million users, Sweat Economy has become the most downloaded Health and Fitness app in the world.