It pays to WALK

When I first came across the sweatcoin app, it left a good first impression. Hence I was promoted to write about it in my previous article. As at the time I wrote about the app, I assumed that it was a new entrant in the move to earn space. Little did I know that I had stumbled on one of the pioneering move to earn projects.

Sweatcoin made its entry as far back as 2016 and has steadily grown and developed over the years with over 600 partnerships in play. Little wonder that the sweatcoin app is indeed feature packed with lots to offer its users. It is therefore not surprising that it has several interesting statistics in its favour such as the:

• Number 1 app in over 60 countries

• Over 110 million users across the globe

• Most downloaded health and fitness app thus far in 2022

• Launching soon on $DAO pad

In preparation for the launch of the SWEAT token on September 13, 2022 the SWEAT Wallet has now being launched and available for download on the Apple and Google play store. Once downloaded, users can login into the SWEAT wallet via the sweatcoin app or other available sign in options.

The home screen has several sections. There are four prominent icons on the home screen with a countdown timer indicating the time left to the launch of the SWEAT token.

Although most features are still in the works , it's only a matter of time before they become fully functional as the token launch is just around the corner. The four main functions in the wallet as indicated by different icons are:

Transfer: This section may facilitate outgoing or outbound transfers of SWEAT tokens to other user wallets. Likely similar to the send function in other wallets.

Add: option to add more sweat to one's wallet. If this is similar to what obtains to other crypto wallets, it will probably display the user's sweat wallet address or some other unique identifier that makes receiving sweat tokens possible.

Grow: likely to be a sort of yield farming or staking where SWEAT holders are incentivised for holding.

Exchange: Going by the in wallet infographics, the SWEAT token is planned to be multichain or multinetwork with support for the following ecosystems:

• Bitcoin

• Ethereum

• Near

• BNB Smart Chain

Thus the exchange function is expected to support swaps across the supported networks as the SWEAT token is expected to be tradable.

Sweat generation: It is stated that the mode of generation of SWEAT tokens from the sweatcoin app is such that only the first 5,000 steps on a daily basis can generate SWEAT. Other steps after this daily threshold will be converted to sweatcoins.

Minting of SWEAT tokens will be more difficult as time passes by.Each new token will be more difficult to generate than the previous one.

The SWEAT token is designed to be deflationary indicating that the supply of new SWEAT will decrease linearly overtime this will hopefully be beneficial to maintaing the price stability of the token.

With the official token launch just a few days away, there's still time for you to grab the sweatcoin on the Google or Apple store and start your journey of walking to earn SWEAT the easy way before it gets harder in the future.