Sweatcoin announced an increase of 4 million new Sweat wallets in the last 27 days. The new user-friendly Move-to-Earn app recently announcement a partnership with Near Foundation to create a SWEAT crypto token.
The earning momentum is heating up as more people realize they can earn crypto while walking. With this application you can earn SWEATSHIRT for your steps.
Until recently, many apps targeted native DeFi users who may already be familiar with existing blockchain ecosystems and Web3 platforms. With apps like Sweatcoin, the Near Protocol is sticking to its values to break down barriers to mass adoption and provide scalable solutions for creating Dapps.
On May 1, they also announced that the Sweatcoin app was the number 1 downloaded app in over 33 countries around the world.
Did you know…
💧The @Sweatcoin The app has been #1 on the App Store and Google Play Store in 33 countries (and counting) 🌍
We think people love Move to Earn…🚶💨🎁 pic.twitter.com/txkg1KOF45
— Sweatshirt Economy 💧 (@SweatEconomy) May 1, 2022
The idea behind Sweatcoin is simple; it allows users to receive rewards for tracking their steps on their mobile phone. The platform is experiencing unprecedented growth, with $71 million traded on the market in the first quarter.
Sweatcoin partners with the NEAR Foundation
In April, the London-based company announced a partnership with NEAR Foundation to launch the SWEAT token. With more than 600 partner brands on the platform, the Sweat economy continues to grow stronger.
Speaking of Sweatcoin’s vision, co-founder Anton Derlyatka said:
“Sweatcoin was founded with the vision of creating a new economy of wealth through healthcare. For every 1,000 steps you take, you earn Sweatcoin that can be redeemed for goods and services in the app from brands like Sonos and Reebok, or to donate to important charities like Save the Children through Sweatcoin for Good.
Now that the company has confirmed tokenomics, there is more interest in allocating over 860 million Sweatcoins to be matched in a token event later this year. The combination of user-friendly and activity-based crypto experience is proving popular across a wide range of markets.