Sweatcoin ICO is an upcoming investment opportunity for crypto enthusiasts. This initial coin offering is associated with a host of rewards for those who trust in it and invest in the pre-sale of the token. Therefore, if you want to consider it as an investment then refer to its details below.
What Is Sweatcoin?
The official website of Sweatcoin defines it as:
“A free app that rewards your daily steps with a new-generation currency you can spend on cool products, donate to charity or convert into SWEAT.”
The Sweatcoin app pays users for the steps that they take in a day. This means that the more hard work you do the more you are paid. The payment was earlier made in the native currency that has its name derived from the app itself. The Sweatcoin ecosystem has now initiated an ICO to officially launch a crypto having that name so that people can convert the earned Sweatcoins into it. Moreover, the platform also allows one to donate or do charity with Sweatcoins but not SWEAT currently.
Sweatcoin ICO Highlights
The SWEAT Litepaper mentions that:
“Sweat Economy is the natural evolution of Sweatcoin. Global, open, and fair, SWEAT is a next-generation cryptocurrency that will bring the next billion people into Web 3.0, and make movement part of global GDP.”
- Sweatcoin Ticker: SWEAT
- Token Pre-sale Date: September 5, 2022
- Token Type: ERC20
- Fundraising Goal: $2,000,000
- Token Launch: September 12, 2022
- Currency Preferred: USDT
The company also says that acquiring SWEAT would be a great staking option as they promise attractive returns on it. In addition, the holders would be entitled to both on-chain and off-chain rewards, which would be calculated on the basis of the SWEAT tokens they hold. In addition, the ones who have a higher holding will be able to get higher mining limits.