SWEAT joins the trend of apps that offer you rewards for using them.
Summer is here and everyone wants to get fit, which is not easy as it requires a lot of willpower. Luckily, there are many incentives to get out and exercise. From the challenges we set ourselves, to the sports apps While we are told to walk 10.000 steps a day, today there are many options to get moving and get out on the street.
However, it will now be much easier for everyone to leave the couch community and walk, thanks to Sweat, an app that calls itself “Move to Earn”, that is, it offers you rewards in the form of cryptocurrencies just for leaving the house and walking.
Once installed, we will have to Sync it with the health app that we usually use, which can be Google Fit for Android or the Health app for iOS. From here, the application will collect all the information about our activity, which will be stored on the blockchain. In this sense, we can consult our data in one of the four tabs in the bottom bar from which we can manage everything related to the activity and rewards.
How is activity recorded?
SWEAT is built on the blockchain NEAR Protocol and the data passes through “Movement Validators.” These record the activity on the blockchain to ensure that the information is correct.
Validators receive raw data from activity apps and validate it to ensure it has not been tampered with before recording it on the blockchain.
Although there is only one validator for now, which is SweatCo Ltd itself, the company hopes decentralize nodes and create a network of independent validators.
How do you make money on SWEAT?
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As we have already explained to you, rewards are obtained by walking. At this time, users will get 1 sweatcoin for every 1000 steps, these sweatcoins will be exchangeable for SWEAT when the native token of the app is launched. However, since there will be no limit to the issuance of SWEAT tokens, it has been decided that over time it will be more difficult to obtain them in order to avoid inflation. For example, in two years, it will take 4.900 steps to obtain 1 SWEAT token.
On the other hand, we will be able to Unlock more tokens by completing daily challenges, as well as activate 20-minute boosters, which will allow us to earn double the tokens during that time.
For now, SWEAT tokens can only be exchanged for discounts on apps and tech products, gift cards, participating in auctions, or donating to non-profit organizations. Later, when the internal marketplace is launched, they can be exchanged for fiat money, using a native converter.
When the SWEAT token launches, new features such as staking and rewards, as well as access to dynamic NFTs and other functionalities will also be added.
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