SWEAT

1. Project introduction

Sweatcoin is a free app which rewards your daily steps with a new-generation currency you can spend on cool products, donate to charity or convert into SWEAT.

Making crypto accessible to everyone.

The Sweatcoin App converts steps into a new crypto, SWEAT, offering millions easy access to the world of cryptocurrencies.

SWEAT Economy is designed to bring real value to movement.

Already, in Q3 of 2021, partners exchanged 60 million worth of goods and services via the Sweatcoin marketplace for user movement and engagement.

SWEAT will be built on NEAR — after TGE it will be compatible with ERC-20 and NEP-141. SWEAT is minted solely by verified movement.There is an ever decreasing rate of inflation of SWEAT. After TGE, only a user’s first 5,000 steps will mint SWEAT — anything above will create sweatcoins. For now, the movement that mints SWEAT is steps — running and walking.

In time, other forms of movement will mint SWEAT — Movement Validators, such as FitBit or Apple Watch, can stake large sums of SWEAT to offer their users Move to Earn, and receive a 5% fee of the SWEAT they mint for their contribution.

The Sweat DAO: we will decentralize power to the DAO, which will be governed by veSWEAT. This is of vital importance — as revenue generated goes to the DAO, SWEAT holders will be able to vote on key treasury decisions.

The Sweat Wallet App: a place to manage your SWEAT. Future features, such as staking, will be available through the app.

2. Team introduction

Co-Founder & CPO: Oleg Fomenko

Co-Founder & CEO: Anton Derlyatka

Co-Founder & CTO: Egor Khmelev

3. Investment institution

Spartan, OKX Blockdream Ventures, Electric Capital, Jump Crypto, GSR, Björn Wagner, NEAR Foundation, Sandeep Nailwal, Do Kwon

4. Application and distribution

Token application:

(1) Staking: Users will be able to stake their SWEAT to receive an attractive % return.

(2) Tiered SWEAT minting limits: There will be different SWEAT minting limits depending on a user’s tier — users who stake/accumulate more SWEAT will have higher minting limits.

(3) On-chain and off-chain rewards: SWEAT hodlers and stakers will be given rewards in proportion to the amount of SWEAT they hodl/stake. Rewards will continually be improved to bring more value to our users!

Token distribution:

Ecosystem: 7.02%

SweatCo Ltd: 22.0%

Foundation treasury: 27.71%

Lockdrop: 25.0%

Team and advisors: 10.92%

Seed round: 2.68%

Public Sale: 1.33%

Private round: 3.33%