Sweat Economy, a major player in the web3 gaming and move-to-earn space, has broadened its horizons with the recent launch of its services in the United States and several other countries. This move to earn applications, which combines physical activity with digital rewards, is now accessible to a wider audience eager to embrace the web3 gaming phenomenon.
Users in the United States, alongside those in the Bahamas, Barbados, Botswana, Ghana, Jamaica, Pakistan, Zimbabwe, and Uganda, can now download the Sweat Wallet and start earning SWEAT tokens by simply moving.
A Journey of Growth and Accessibility
The Sweat App has been on a transformative journey since its initial launch over a year ago. Initially, the application was not available globally, with the United States being a significant absentee due to stringent and ever-evolving regulatory requirements. Today, those challenges have been overcome, paving the way for U.S. residents and others to participate fully in the Sweat Economy experience. Even prior to this expansion, users of the web2 version of the Sweat app had the option to engage with the crypto side of the platform, with their accumulated steps being converted into SWEAT tokens, provided they opted in before October 16, 2023.
Understanding the Sweat Economy
Sweat Economy offers a unique proposition through its mobile-based move to earn application, available in both web2 and web3 versions. Users engage with the app by connecting their step tracker, accruing steps through physical activity, and then converting those steps into various rewards. The platform features a Sweatcoin marketplace where points can be exchanged for gift cards and other items. For those venturing into the blockchain aspect, the Sweat Wallet enables the generation of SWEAT tokens, an ERC-20 token that can be traded on various exchanges. However, users must bridge these tokens back to the Ethereum network for trading purposes. Additional features include the ability to convert up to 5,000 steps daily into SWEAT tokens, participation in Sweat Hero battles for extra tokens, and the option to deposit SWEAT tokens into Growth Jars for added benefits.