• Sweat Economy, a Web3 project, is set to launch its SWEAT token and Web3 wallet app in the US market this year.
• The Sweat Wallet application and its native token, SWEAT, were previously launched but failed to pass regulatory barriers.
• Starting on September 12th 2023, US Sweatcoin app users will receive their allocations of SWEAT tokens in proportion to their current ‚Sweatcoin‘ holdings.
Sweat Economy Set To Launch In The US
Sweat Economy is a web3 project that seeks to unlock the economic value of movement. Its Web2 Sweatcoin app has been available in the US market since 2016 and is set to re-launch its SWEAT token and Sweat Wallet after a previous launch was frozen.
The Sweat Wallet Application
The Sweat Wallet operates a Web2 application called Sweatcoin app which rewards millions of US users with loyalty points called ‚Sweatcoins‘ for each step they take when walking. Last year in September, Sweat Economy launched its native token called SWEAT alongside its Web3 wallet application called Sweat Wallet but failed to pass the regulatory barriers in the US.
US Customers Locked Out Of Token Generation Event
As a result, the US customers were locked out of receiving their $SWEAT allocations or generating new $SWEAT tokens by walking from Token Generation Event (TGE) held in September 2022.
Re-Launch Scheduled For 12th Sept 2023
However starting from 12th September 2023, US residents will be able to install the wallet application and receive their allocations of SWEAT tokens proportional to their current ‚Sweatcoins‘ holdings right away without any additional emissions of tokens. Oleg Fomenko Founder of Sweats Economy said: “It is a great pleasure to finally bring our product offerings into the United States after 6 years”
Conclusion
With this upcoming re-launch in the US market later this year; it will enable millions of people access and benefit from using both Sweats Coin App and wallets offering unlocking economic value through movement while rewarding them with loyalty points for every step they make when walking