Sweatcoin, an app that pays people to walk, is set to launch i | Crypto Hedger

Sweatcoin, an app that pays people to walk, is set to launch its own crypto token.

The UK-based company has signed up 64 million registered users for its app that lets users earn sweatcoins by recording their daily steps.

These coins can then be used to donate to charity and to get deals when buying goods and services from over 600 brand partners, covering everything from iPhones to Tidal subscriptions to yoga classes.

Now, the firm is offering users the option to have their in-app sweatcoins matched 1:1 with Sweat tokens at a token generation event timed for this summer. Each user will be given a Sweat Wallet which will generate fees by enabling a suite of DeFi functions, such as the exchange of Sweat into other crypto, liquidity provision and staking.

$SWEAT will be built on Ethereum and use the eco-friendly NEAR as the blockchain for its token, and the Near Foundation is investing in the project. Other institutional backers include Electric Capital, Spartan Capital, Jump Crypto, OKX Blockdream Ventures

Check out this free app — It Pays to Walk

https://sweatco.in/i/cryptohedger