A few weeks ago, the Sweatcoin project celebrated the milestone of reaching over 100 million active users. Since then, the project has continued to grow, and it is highly likely that they have added a few million to their active users’ lists.
Surprisingly, the project is not yet launched. Therefore, many people who currently hold the project have acquired it throughout their move-to-earn mobile platform. The concept behind the project is also based on move-to-earn, which heavily borrows from the play-to-earn model, which has existed for years and has been used by platforms to award active gamers for their time and effort when playing video games.
The concept of move-to-earn also awards its users after a workout. The project was founded by Oleg Fomenko and Anton Derlyatka with the main goal of motivating people to work out. According to Fomenko, the idea sprung to his mind when he realized he had lost the urge to train after his previous start-up went under. He noticed that many people also go through the same cycle, and awarding them for their efforts would go a long way in helping them get back to exercise.
The sweat crypto has been in the market for years, with millions of users already having the application on their phones. The platform also has over 100 million active users. The project has also awarded over $15 million to its many users in the past few weeks.
However, despite all these milestones, the project is yet to launch. Therefore, its value remains worthless and cannot be exchanged on any trading platform. However, should sweat crypto ever be launched, I expect its initial price to be below $0.0001 due to millions of holders who will be looking to offload their assets.
This post was last modified on Aug 15, 2022, 16:33 BST 16:33