Sweatcoin - Sweat Economy (SWEAT)

Sweatcoin started as a popular step-counting app long before launching its SWEAT token, so it came with an existing user base of millions. Unlike most move-to-earn projects that require buying NFTs or equipment, Sweatcoin rewards walking with no upfront cost. The token, SWEAT, lives on the NEAR blockchain and serves as the project's currency and reward mechanism.

SWEAT is issued on the NEAR protocol, a proof-of-stake blockchain chosen for its low fees and fast transactions. The app tracks your steps via your phone's motion sensors and validates them before minting rewards. A growing share of steps is needed to generate each new token, which is built into the design to control supply.

New SWEAT is minted when users convert their verified steps into tokens, so emission is tied directly to real physical activity. The system is deliberately deflationary in its rate: each token requires more steps than the previous one, making new supply progressively harder to generate. This step-difficulty mechanism is meant to slow down emission over time.

The easiest way is the built-in Sweat Wallet app, which is created with your Sweatcoin account and holds your tokens. SWEAT can also be stored in any wallet supporting the NEAR blockchain. Within the ecosystem, tokens can be staked for rewards, used in prize draws, and spent on offers from partner brands.