#### What is Sweat Economy? Sweat Economy is a unique initiative that aims to promote healthier living by rewarding physical activity. It is the [web3](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/web3) initiative of Sweatcoin, a popular mobile fitness app with over 110 million users worldwide. The app rewards users with Sweatcoin, a non-[crypto](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) virtual token, for their daily physical activities. These [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) can then be converted into SWEAT, a crypto token, which can be used to claim real-world prizes and experiences. The Sweat Economy also includes a cryptocurrency [wallet](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet), known as the Sweat Wallet. Since its launch, over 13 million wallets have been created, demonstrating the growing interest in this innovative approach to incentivizing fitness. #### How does Sweat Economy work? Sweat Economy operates on a move-to-earn (M2E) model, where users earn monetary rewards for being physically active. The more steps users take, the more SWEAT tokens they can earn. The SWEAT token and Sweat Wallet are built on the NEAR [protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol), a layer-one [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) running on the proof-of-[stake](https://www.coinbase.com/learn/crypto-basics/what-is-staking) ([PoS](https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proof-of-stake)) [consensus mechanism](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/consensus-mechanism-protocol). This ensures the security of the network. The Sweat Economy team has not placed a cap on the token supply, as they aim to incentivize movement. However, they will implement exponentially decreasing [inflation](https://www.coinbase.com/learn/crypto-basics/what-is-inflation), meaning each consecutive SWEAT will require more steps to [mint](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/mint). #### What are the potential use cases for Sweat Economy? Sweat Economy seeks to create a healthier and more active world by incentivizing physical activity. Users can earn SWEAT tokens for their daily physical activities, which can then be used to claim real-world prizes and experiences. Additionally, users have the option to sell their movement data to healthcare companies, providing another potential use case. The Sweat Economy also includes features like Growth Jars, where users can grow their SWEAT by locking it in Growth Jars to earn more on their SWEAT, access better rewards, enjoy an optimized app experience, and lower their transaction fees. #### What is the history of Sweat Economy? Sweat Economy is the web3 initiative of Sweatcoin, a mobile fitness app launched in 2016. The app quickly gained popularity and is currently ranked first for the most downloaded health and fitness app in 58 countries. The Sweat Economy was launched as a way to further incentivize physical activity by allowing users to earn a crypto token, SWEAT, for their efforts. The co-founders of Sweat Economy are Oleg Fomenko, Anton Derlyatka, and Egor Khmelev, all of whom have extensive experience in entrepreneurship, tech startups, and the fitness industry. Since its launch, the Sweat Economy has created over 13 million wallets and raised $13 million in investor funding.