SWEAT PriceSWEAT

What is SWEAT (Sweat Economy)?

SWEAT is the native token of Sweat Economy, a Web3 initiative that transforms physical activity into real-world value. Built on the NEAR Protocol blockchain, SWEAT is minted through verified movement—users earn tokens by walking or running, tracked through the Sweat Wallet app. The project evolved from Sweatcoin, a widely downloaded health and fitness application founded in 2014, which served as the funnel for launching the SWEAT cryptocurrency in September 2022. With a total supply of approximately 19.72 billion tokens and a maximum supply capped near 21.87 billion, SWEAT operates as a deflationary asset. The Sweat Foundation conducts regular token burns, including a 125 million SWEAT burn in August, to reduce supply over time. The project has surpassed 20 million holders and continues to expand its multi-chain presence across Ethereum, Aptos, Solana, and Sui ecosystems.

Key Specifications & Tokenomics

• Name: Sweat Economy
• Ticker / Symbol: SWEAT
• Blockchain / Platform: NEAR Protocol; multi-chain presence on Ethereum, Aptos, Solana Ecosystem, and Sui Ecosystem
• Contract Address (Ethereum): 0xb4b9dc1c77bdbb135ea907fd5a08094d98883a35
• Launch Date: September 2022
• Total Supply: Approximately 19.72 billion SWEAT
• Max Supply: Approximately 21.87 billion SWEAT
• Circulating Supply: Approximately 8.45 billion SWEAT
• Consensus Mechanism: NEAR Protocol's Chain Abstraction technology
• Category: Gaming, Fitness, Movement-to-Earn, Non-fungible Tokens
• CertiK Rating: 4.3
• Official Website: https://swe.at
• Whitepaper: https://whitepaper.swe.at

Who created SWEAT?

Sweat Economy was co-founded by Oleg Fomenko, who serves as CEO, and Anton Derlyatka, co-founder of Sweatcoin. The core team includes Shaun Azam as CFO, Egor Khmelev as CTO, and Justin LeBlanc as a developer and co-founder. The project is rooted in Sweatcoin, which was founded in 2014 and is headquartered in the United Kingdom and the United States. In January 2018, Sweatcoin secured an investment round led by Goodwater Capital, Justin Kan, and Rain Lohmus. In July 2022, the Sweat Economy team completed $13 million in funding to launch into Web3. Chris Donovan, CEO of the NEAR Foundation, has publicly supported the project's expansion. Detailed public information on all team members is currently limited, but the core leadership remains actively involved in the project's development and governance.

How does SWEAT work?

SWEAT operates on a movement-to-earn model. Users download the Sweat Wallet app, which tracks physical activity such as walking or running. A verification algorithm developed over more than nine years by Sweatcoin ensures that each SWEAT token is minted only through genuine physical activity, preventing abuse by bad actors. Once earned, SWEAT tokens are stored in the user's Sweat Wallet, a beginner-friendly crypto wallet that requires no initial funds. The blockchain ensures transparency, security, and decentralization while protecting user privacy—activity data is anonymized and secured. Using NEAR Protocol's Chain Abstraction technology, SWEAT enables borderless Web3 access. The tokenomics are designed to be deflationary, with new supply dependent solely on verified physical activity and regular token burns reducing the overall supply.

What makes SWEAT unique and valuable?

SWEAT distinguishes itself as the first mass-market digital asset backed by human effort. Unlike speculative tokens, SWEAT is minted through verified physical activity, linking real-world movement to digital ownership. The project reports that its app has increased users' physical activity by an average of 20%, contributing to healthier societies and reducing burdens on global healthcare systems. With over 20 million holders, SWEAT aims to eliminate barriers to Web3 adoption, making cryptocurrency accessible to everyone. The token's deflationary model, combined with regular burns and a supply that is progressively harder to earn, is designed to create long-term value. Additionally, SWEAT holders can participate in exclusive events, stake tokens for potential rewards, and exchange tokens for goods and services, extending its utility beyond simple currency.

What is SWEAT used for?

SWEAT serves multiple functions within the Sweat Economy ecosystem. Primarily, it is earned through physical activity and can be traded or cashed out. Users can exchange SWEAT for goods and services, participate in exclusive events, or stake their tokens for potential rewards. The token also grants access to the Sweat Wallet, where users can learn crypto basics, build a portfolio, and even own Bitcoin. SWEAT is available on various trading pairs, including SWEAT/USDT on Bitget and HTX, SWEAT/USDC on Uniswap v3, and SWEAT/NEAR on Ref Finance. Conversion pairs on platforms like Crypto.com allow trading against multiple fiat currencies. As a governance and utility token, SWEAT empowers holders to engage with the Movement Economy and influence the project's direction through community voting.

How Is the SWEAT ecosystem developing?

The SWEAT ecosystem continues to expand through strategic initiatives and partnerships. In October 2023, Sweat Economy launched in the USA, opening the door to millions of new Web3 users, with support from the NEAR Foundation. The project has also made strides in multi-chain integration, with contracts on Ethereum, Aptos, Solana, and Sui ecosystems. The Sweat Wallet app is available on Google Play and the Apple App Store, offering a seamless entry point for beginners. Community engagement remains strong, evidenced by a record-breaking Web3 vote with 355,000 participants. Despite challenges such as a major exploit in April 2026, from which funds were recovered, the project continues to develop its tokenomics and ecosystem. Recent updates include the publication of the $SWEAT Whitepaper in May 2025 and ongoing tokenomics refinements.

How to mine SWEAT?

SWEAT is not mined through traditional proof-of-work mechanisms. Instead, it is minted through verified physical activity. Users earn SWEAT by walking or running, with steps tracked via the Sweat Wallet app. The Sweatcoin verification algorithm ensures that only genuine movement generates tokens. This process is often referred to as "movement mining." Additionally, users can stake their SWEAT tokens to potentially earn rewards, contributing to the network's security and governance. The minting model is designed to be deflationary, with the Sweat Foundation conducting regular token burns to reduce supply. As the supply of new SWEAT depends solely on physical activity already submitted, the token is backed by the value of human effort rather than speculative mining.

How to keep your SWEAT Coin safe?

To keep your SWEAT tokens safe, use the official Sweat Wallet app, which provides a secure and user-friendly environment for managing your assets. Enable all available security features, such as two-factor authentication and biometric locks, on your device. Never share your private keys or seed phrases with anyone. Be cautious of phishing attempts and only interact with official websites and verified platforms. Since SWEAT operates on multiple blockchains, ensure you are using the correct contract addresses when transferring tokens. For long-term storage, consider using hardware wallets that support NEAR Protocol and Ethereum-based assets. Regularly update your wallet app and device software to protect against vulnerabilities. Stay informed about project updates and security advisories through official channels to avoid potential risks.