- Sweat Economy is successfully launched on NEAR with the largest airdrop to active wallets.
- The Sweatcoin app distributed over 4.7 billion of the newly launched Web3 SWEAT token to 13.5 million token holders.
- This was the fastest IDO ever to sell out on the DAO Maker platform, with the public sale of $1M of SWEAT finishing in less than 15 minutes.
The economy of movement, Sweat Economy, was successfully launched on NEAR protocol with the largest ever airdrop to active, opted-in wallets. Sweat Economy, the move-to-earn platform, has been active in Web2 since 2016, with more than 120 million global users of its Sweatcoin app.
Till now, the platform has distributed its new Web3 SWEAT token to 13.5 million token holders. Not long following the launch of the Sweat Wallet app quickly became the most downloaded finance app in 51 countries marking the success as the fastest IDO ever to sell out on the DAO Maker platform.
Most recently, Sweat Economy distributed over 4.7 billion of its newly launched SWEAT token to the 13.5 million of its Sweatcoin users who chose to enter into Web3. This makes the airdrop the largest ever on-ramping of self-custody users from Web2 to Web3.
In order to facilitate the onboarding, Sweat Economy has introduced its Sweat Wallet, which is purpose-built to be congenial enough for the many Sweatcoin users who have never interacted with a blockchain earlier yet are strong enough to manage NFT games, token staking, and more features set to make up the economy of movement.
Since its launch, Sweat Wallet has been the second most used dApp across all chains, and more than 2 million users downloaded and activated the Sweat Wallet app within 72 hours of TGE. Sweat Wallet was among the top 5 finance app in 115 countries.
The term ‘ Sweat’ trended on Twitter during TGE week, with the token frequently appearing as the no. 1 trending search on both CoinMarketCap and CoinGecko.
At the time of writing, the SWEAT token is approaching half a billion dollars in trading volume across exchanges FTX, Bitfinex, ByBit, Kucoin, Huobi, Uniswap, and Gate.io over its first seven days.