What is SWEAT

1. Project Introduction
Sweatcoin is a health and fitness app that originally rewarded users with “sweatcoins,” which could be exchanged for brand products, digital services, and charitable donations. Developed by Sweat Economy, which was founded in 2015 with a mission to encourage a healthier lifestyle by motivating people to be more active, Sweatcoin aims to incentivize fitness through rewards. In 2022, Sweatcoin launched its blockchain-based token, SWEAT, and the Sweat Wallet app to integrate blockchain and Web3, providing users with further rewards.
Summary: Sweatcoin was one of the popular Move-to-Earn (M2E) projects that gained traction in 2022 following the success of similar fitness-related applications. With both Web2 and Web3 versions, Sweatcoin currently claims over 150 million users, and the Sweat Wallet app has reached 10 million+ downloads on Google Play.
2. Team & Investment Info
Team:
Anton Derlyatka: Co-founder & CEO, founder of Talent Equity Ventures, previously senior roles at AESC and Ward Howell International.
Oleg Fomenko: Co-founder, former founder & CEO of Digital Distribution Networks (bloom.fm), with previous roles at Visa, Coca-Cola, and PepsiCo.
Funding: In July 2022, Sweat Economy raised $13 million in a round led by Spartan Capital, with participation from Electric Capital, OKX Blockdream Ventures, Goodwater Capital, and GSR Capital.
3. Social Media URLs
X: https://x.com/sweatcoin
Telegram: https://t.me/sweateconomy
Discord: https://discord.com/invite/sweateconomy
4. Token Info
Token Symbol: SWEAT
Total Supply: 21,867,346,500
Token Type: ERC-20
Issuance/Burn Mechanism: Inflationary Model
Contract Address: https://etherscan.io/token/0xb4b9dc1c77bdbb135ea907fd5a08094d98883a35
Token Distribution:
SweatCo Ltd: 22%
Lockdrop: 25%
Private Sale: 3.33%
Public Sale: 1.33%
Seed Round: 2.68%
Team & Advisors: 10.92%
Treasury: 27.71%
Ecosystem: 7.02%
5. Related Links
Official Website: https://sweateconomy.com/
White Paper: https://drive.google.com/file/d/1IPklRcEQvgJkCaeYvGh43yjWl-Dj5_6i/view
Other Info:
https://www.rootdata.com/Projects/detail/Sweatcoin?k=NDc%3D