Sweat Economy Re-launching in US
• Sweat Economy is a Web3 project that seeks to unlock the economic value of movement.
• Its Web2 Sweatcoin app has been available in the US market since 2016 and is set to re-launch its SWEAT token and Sweat Wallet later this year.
• Starting September 12th, 2023, US residents will be able to install the Sweat wallet application and receive their SWEAT allocations.
Overview of Sweat Economy
Sweat Economy is a web3 project that seeks to unlock the economic value of movement through its Web2 Sweatcoin app which has been available in the US market since 2016. To achieve this, it is launching its native token called SWEAT alongside its Web3 wallet application called Sweat Wallet.
Launch Date
The launch is scheduled to coincide with the first anniversary of the venture’s global launch on September 12th, 2023. This date marks when US customers will be able to install the Sweat wallet application and start receiving their SWEAT allocations.
Token Generation Event (TGE)
Starting on that date, US users who already have ‚Sweatcoins‘ will receive their allocations of SWEAT in proportion to their current holdings and can start earning more tokens for their steps right away. The tokens will come from existing token allocations instead of additional token emissions from TGEs.
Conclusion
The Founder of Sweat Economy Oleg Fomenko expressed his excitement for finally being able to open up access for US residents: “It is a great pleasure to finally open up access for U.S.-based customers” he said. With this new development, users can look forward to being rewarded with loyalty points for walking and participating in activities like never before!
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