![]() ![]() Neither the Sweatcoin team nor Sweatcoin Foundation sells user data. The Sweatcoin project is committed to preserving user privacy. During the TGE, the non-profit organization, Sweatcoin Foundation, will facilitate the exchange of Sweatcoins within a Sweatocin wallet for SWEAT tokens at a ratio of 1:1. Moreover, the SWEAT token generation event (TGE) will see the official conversion of Sweatcoins to SWEAT tokens. Any subsequent steps will entitle users to additional Sweatcoins, which will remain within the app. Following the TGE, the first 5,000 steps a user walks will enable them to mint SWEAT tokens. What’s more, users will retain their original Sweatcoins to claim rewards within the app. The Sweatcoin token generation event (TGE) will enable any Sweatcoin user to match their Sweatcoin earnings with SWEAT tokens, which are tradeable on secondary markets. Nonetheless, the introduction of the SWEAT token allows users to earn cryptocurrencies for their movement. Until 2022, Sweatcoins are exchangeable for goods and services via affiliated partners. Users earn “Sweatcoins” for every 1,000 steps they complete. Sweatcoin works by tracking your GPS location and verifying your outdoor steps via your smartphone’s accelerometers. However, the project recently integrated blockchain to supercharge the top-selling app. The first iteration of the Sweatcoin app dates back to 2015. It rewards users for stepping outside and walking around. So, what is Sweatcoin? Sweatcoin is a leading activity tracker and step counting application. This helps lower the barrier to entry for sporting events and allows anyone – from anywhere – to participate.Īre you struggling to understand terms used by crypto-savvy experts? If so, save our “ Crypto Terminology” article for later to expand your Web3 vocabulary! What is Sweatcoin? Moreover, M2E platforms allow users to earn a passive income with crypto by participating in various physical activities and putting their skills to the test against other competitors. Also, many M2E gaming platforms use non-fungible tokens (NFTs) and elements of the metaverse to create immersive experiences. Accordingly, participants can rely on provably fair results for each type of event or game. Furthermore, because public blockchains record M2E tournaments, it’s incredibly difficult for any bad actor to manipulate the scores or results. ![]()
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