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Home All Events Sweat Economy SWEAT Liquidity Launch


Sep 13 2022

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5:00 am

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  • Timezone: America/New_York
  • Date: Sep 13 2022
  • Time: 8:00 am



Sweat Economy SWEAT Liquidity Launch

SWEAT is the new token for Sweat Economy’s move-to-earn web3 ecosystem launching on NEAR.

  • Launch Details
    • Token will launch on Ethereum and NEAR
    • Token pair: SWEAT/USDT
    • Confirmed DEX: Uniswap
    • Confirmed CEX: Bybit, KuCoin, Bitfinex, and OKX
    • Listing price: $0.007143
    • Initial market cap: $7,700,000
    • Initial circulating supply (estimate): 1,080,000,020
    • Token sale rounds (see Tokenomics below for vesting schedule)
      • Seed price: $0.011905
      • Private sale price: $0.014286
      • Public sale/IDO price: $0.007143
    • Holders of sweatcoin (from Sweat Economy’s web2 app) will be able to claim SWEAT at a 1:1 ratio at TGE
    • 10% of user’s claimed SWEAT will be unlocked at TGE, 90% vested monthly over 24 months
  • Tokenomics
    • $SWEAT is the utility token
    • Unlimited supply
    • Initial supply: 21,000,000,000
      • 2.68% — Seed round (12 months cliff, then vested monthly over 36 months)
      • 3.33% — Private round (12 months cliff, then vested monthly over 36 months)
      • 1.33% — Public sale (35% unlocks at TGE, 35% on month 9, then 30% on month 18)
      • 25% — Airdrop/lockdrop (10% unlocks at TGE, then vested monthly over 24 months)
      • 10.92% — Team & Advisors (12 months cliff, then vested monthly over 36 months)
      • 7.02% — Ecosystem (100% unlocks at TGE)
      • 27.71% — Foundation treasury (10% unlocks after 1 week cliff, then vested monthly over 36 months)
      • 22% — SweatCo Ltd (12 months cliff, then vested monthly over 36 months)
  • Mechanics & Utility
    • Sweat Economy recently launched; Sweat Wallet, a web3 move-to-earn app which is powered by SWEAT token
    • Sweat Wallet is free and available to download on Android and iOs
    • Sweat Economy previously launched a web2 move-to-earn app; Sweatcoin (Android, iOs), where users earned sweatcoins
    • Sweatcoin holders will be able to claim SWEAT at a 1:1 ratio at TGE
    • Post TGE, SWEAT will be minted solely by movement; 1 SWEAT is minted for every 1,000 verified steps (verified by “Movement Validators”)
    • Only the first 5,000 steps will mint SWEAT; anything above will be converted to sweatcoins
    • Sweatcoins can be redeemed for branded products, digital services and charitable donations on the web2 Sweatcoin app
    • SWEAT minting limits can be increased by staking/accumulating more SWEAT
    • SWEAT will become exponentially more difficult to mint over time (in one year it will be approx. 3x harder to mint)
    • In addition, users will be charged an “inactivity fee”, where if their activity consistently falls below a given threshold, they will receive less SWEAT
    • Post-launch SWEAT utilities include access to private Telegram and Discord channels, staking to earn yield (in SWEAT), to access rewards (e.g. event tickets, tokens, brand vouchers/discounts), and to unlock higher minting limits
    • Future utilities include governance (Sweat DAO), access to games, purchase and upgrade NFTs, marketplace fees, other DeFi functions
    • Roadmap includes launch of dynamic NFTs, Sweat DAO, fiat on-ramp, crypto exchange, NFT marketplace
    • Sweat Economy plans on generating revenue via advertising and transaction fees on in-app features (fiat/crypto exchanges, games, NFT marketplace, and more)
    • A share of the revenue will be used for buybacks and burn
    • Sweat Wallet and SWEAT token is built on NEAR, but SWEAT will be bridgeable to Ethereum and other EVM compatible chains
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