How SWEAT token works

To get started, users download the Sweatcoin app, which allows them to assign value to their movement. As people walk, run, or otherwise move, the Sweatcoin app verifies steps as a Movement Validator. 

Eventually, the Sweatcoin Foundation will decentralize this movement verification process to enable other apps and wearables to verify new forms of movement. Users will then be able to earn SWEAT by swimming, cycling, hiking, working out, rowing, and more. 

Sweatcoin already has more than 63 million users who have walked over 20 trillion steps, which means SWEAT will become harder to mint over time. So, the earlier people walk, the more SWEAT they can receive, which can then be redeemed for goods and services in the app from 300+ brand partners, including Sonos, Reebok, and others. 

What Is Sweatcoin and Sweat Economy (SWEAT)?

Sweatcoin is a highly popular mobile fitness app that was first launched in 2016. With over 110 million users worldwide, the app sets out to motivate healthier living by rewarding users for daily physical activity.

Users are rewarded with an in-app currency — Sweatcoin, a non-crypto virtual token which functions as a monetary incentive to reward users for their physical activity. Users can now convert Sweatcoin to SWEAT — the crypto token — to claim real world prizes and experiences. At the time of writing in September 2022, Sweatcoin is ranked first for the most downloaded health and fitness app in 58 countries.

Sweat Economy is the newly-launched web3 initiative of Sweatcoin. Within the Sweat Economy app, a crypto token, SWEAT and cryptocurrency wallet, Sweat Wallet are launched. Over 13 million wallets were created in four months since the launch. Further, Sweatcoin has raised $13 million in investor funding and is planning to hold a public token sale and strong hold offering on the DAO Maker launchpad.

> # OVERVIEW! > > ## In this dashboard we are going see:

1. daily Near users and transactions compare to Sweat.
2. Top tokens by number of transaction count after 15th of June on Near ecosystem.
3. SWEAT token transactions percentage after launch on near.
4. Cumulative sweat active users by number of their transactions.

In the chart graph above, we have displayed top 10 token that has recorded the most amount of transactions on Near ecosystem exactly after 15th of June 2022. as expected Sweat token is on the top and it has recorded almost 90% of transaction. after that Pixel token recorded 4.27% of transactions on Near Network.

The right side donut shows Sweat token generally surrounded almost 8% of Near transactions and be noticed that this data is right after Launch of Sweat token on Near Network.

• The chart graphs above, especially the graphic chart on the left side, we compared the daily users of Near Vs Sweat users. June 15th shows the highest number of near users, but after there is no users recorded until 25th of August. meanwhile Near user gradually increased by day till 13th - 14th of Sep that both Near and Sweat users have recorded high accumulative of users then both users decreased effected by bearish whole crypto market.
• The chart graph on the right side, We compared Near daily transactions and SWEAT token daily transactions, the chart graph shows a bunch of Near transactions on June 15th, but on the contrary, there were less amount of transactions recorded until 9th of September, Near transactions have gradually increased and recorded a large number of transactions till September 14th. On the same day, Sweat token has accumulated a lot of transactions as well and on the next day, SWEAT has recorded the most transactions ever, but after that day, Both NEAR and SWEAT token started an down trend transaction count . the downward trend is affected by the market bearish situation.