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.
What impact has SWEAT had on NEAR? What percentage of activity does it make up? What else should NEARians know about SWEAT? \n
Summary
Sweat wallet has about 14.2M wallets from beginning and 580K of these wallets are active wallets but it’s only about 4% of all wallets it’s low percentage of Participation.
The highest number of active walkers was on 15 September with about 878K walkers moreover this day has 15.8 portion of all active walkers but from 14 September to 15 September Active walkers has become 2 times bigger than 14 September.
Sweat Token from 13-19 September has had the most interacted contracts on Near also on these days had about 200K-400K transaction per day also Sweat token has 27% ratio of all transaction on Near from 3 September.
Sweat Economy has about 920K walkers from beginning.