Sweatcoin wallet

​The "Sweatcoin wallet" you are referring to is officially called the Sweat Wallet.  

​It is a dedicated cryptocurrency wallet that connects to the original Sweatcoin app to facilitate the "Move-to-Earn" ecosystem.  

​Here is a breakdown of the two apps and how the Sweat Wallet works:

​1. Sweatcoin App (The Steps Tracker)

​Function: This is the original fitness app that tracks your steps.  

​Currency Earned: You primarily earn Sweatcoins (an in-app, closed-loop currency) for your movement (up to a daily limit).  

​Usage: These Sweatcoins can be used to buy goods, services, and discount vouchers in the Sweatcoin marketplace.  

​2. Sweat Wallet (The Crypto Wallet)

​Function: This is the separate, dedicated crypto wallet app that stores the real cryptocurrency.  

​Currency Held: It holds the SWEAT token (an actual cryptocurrency built on the NEAR Protocol blockchain).  

​Minting SWEAT: When you have both apps linked, your daily steps also mint (create) SWEAT tokens directly into the Sweat Wallet.  

​Important Note: The Sweatcoins you earned before the SWEAT token launch in September 2022 were automatically matched and converted, but new Sweatcoins cannot be transferred or converted into SWEAT. You now earn both currencies separately for walking.  

​Key Features of the Sweat Wallet

​Walk & Earn: Converts your verified daily steps into the SWEAT cryptocurrency.  

​Self-Custody: It is a self-custody wallet, meaning you have full control and responsibility for your assets via a secret phrase.  

​Grow Jars (Staking): You can lock up your SWEAT tokens in "Grow Jars" to earn interest (yield) on your holdings.  

​Trading (Swaps): It includes integrated tools to swap SWEAT for other cryptocurrencies across supported chains.  

​Cashing Out: Since SWEAT is a publicly traded cryptocurrency, you can transfer it from your Sweat Wallet to a major cryptocurrency exchange (like Binance, KuCoin, MEXC, etc.) and sell it for a stablecoin or fiat currency like the Nigerian Naira (NGN) via P2P.  

​In summary: The Sweat Wallet is the bridge that turns your physical activity into a digital, tradeable asset (SWEAT token) that has real-world value on crypto exchanges, moving the platform beyond just in-app rewards.  

​Would you like to know the current value of SWEAT, or how to transfer your SWEAT to a crypto exchange to cash out?

Link to signup:

https://t.me/SweatLiteBot/start?startapp=ref_rZkBOpvY6y 

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