Will SWEAT be a good cryptocurrency to buy?

SweatCoin, the popular fitness app, is set to launch its native cryptocurrency as its demand increases globally. The move-to-win company is expected to have the biggest cryptocurrency launches in 2022 as the number of its users grows.

What is Sweatcoin?

SweatCoin is a financial technology company that is changing the way people exercise. The app uses a user’s smartphone GPS to track their movements on a daily basis. For every 1000 steps, the app pays the person 1 Sweatcoin, which they can then use within the network.

SweatCoin is disrupting some of the largest economies in the world. Fitness is a multi-billion dollar industry that has a large Total Addressable Market (TAM). Also, most people have a smartphone these days.

In addition to fitness, the app has the potential to disrupt the non-fungible token (NFT) industry. A good example of this is what StepN did. StepN is a move-to-earn company that allows people to buy and sell NFT sneakers on its platform.

SweatCoin has been on a strong growth path in recent years. According to its social media pages, the coin now has more than 100 million users worldwide. It is also the most downloaded fitness in the world this year.

How will the SweatCoin crypto work?

A common challenge for SweatCoin is that it is currently impossible to withdraw accumulated coins. Therefore, two months ago, the developers announced that they will release their SWEAT cryptocurrency.

The goal is to allow people to withdraw their accumulated coins from any exchange like Coinbase, Binance and OKX. In addition, the holders of the coin will have the opportunity to participate in the governance of the platform.

There are many things we don’t know about the SweatCoin crypto. What we do know is that it will launch on Near Protocol, which is one of the largest smart contract platforms in the world. Announcing the partnership, SweatCoin CEO said:

“Blockchain wasn’t sophisticated or fast enough in 2015, but thanks to NEAR, it is now. SWEAT: The token drives our mission to create an Open Economy of Movement for one billion people.”

Is SWEAT crypto a good buy?

A common question is whether the price of SweatCoin will increase when it goes public. It is difficult to predict. However, we can expect some short-term volatility as holders of the coin cash in on a massive scale. Also, it’s worth noting that other move-to-earn tokens like StepN’s GMT and the Step app have recently been blocked.

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