Economy

Sweat Economy (SWEAT) Goes Live on Near Protocol, Metrics Rocketing

September 21, 2022
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Vladislav Sopov

Mainstream move-to-earn app Sweat Economy (SWEAT) debuts to great fanfare on Near Protocol (NEAR).

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  • Fastest IDO Ever, Download Count on Fire
  • SWEAT trading sets new records on the stock exchanges in September 2022

Sweat Economy (SWEAT), a veteran sports application active since 2015, has finally unveiled its much-anticipated blockchain-based version on Near Protocol (NEAR).

Fastest IDO Ever, Download Count on Fire

According to Sweat Economy (SWEAT) team’s official announcement on their social media accounts and official blog, their application and token have been released on Near Protocol (NEAR).

The NEAR-based utility token SWEAT has been distributed across 13.5 million wallets. In the last few days, Sweat Economy (SWEAT) has become the most downloaded fintech app in 51 countries worldwide.

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Also, the application jumped into the top 5 in 115 countries in different regions of the world.

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A total of 4.7 billion tokens were distributed between users. More than 2 million users downloaded and activated the Sweat Wallet app within 72 hours of the Token Generation Event (TGE).

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SWEAT trading sets new records on the stock exchanges in September 2022

Oleg Fomenko, co-founder of Sweat Economy, emphasized the importance of this release for the entire Web3 segment and the worldwide acceptance of its platform:

Last week was not only a milestone week for the Sweat Economy team – realizing our original founding goal – but also a historic week for web3, witnessing both the birth of the exercise economy and the mass onboarding of millions of new users to crypto. My heartfelt thanks to all our partners and supporters and the incredible team that worked so hard on this product and bringing it to market. And yet this is just the beginning. We are thrilled to be making millions of people around the world healthier by creating a true decentralized movement economy

Also, the SWEAT token sale became the fastest initial decentralized exchange (IDO) offering in Web3 history, selling over $1 million equivalent in under 15 minutes.

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Massive announcements have sparked interest in the SWEAT cryptocurrency among retailers. In the first week of trading, SWEAT volume broke the $500 million mark.





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