sweetcoinThe app, the most downloaded app in 66 countries, has more reasons to celebrate with the Sweat Economy (SWEAT) token that has been accepted by many well-known cryptocurrency exchanges. First of all, Huobi announced the addition of Sweat Economy (SWEAT) on Thursday morning. Soon after, SwissBorg and OKX also announced the inclusion of the new token $SWEAT.
The race economy is ready to set the race on fire
Moreover, the Sweat Foundation announced the burning mechanism for the new cryptocurrency. according to Blog post on MediumSweatcoin will use half of the profits made to buy back and burn $SWEAT tokens. Thus, SWEAT tokens will be removed from the total supply. on the other side, This approach will help “The balance between inclusive adoption and a sustainable economy.”
The Sweatcoin Foundation plans to publish the files of each burn. Moreover, the team behind Sweatcoin may buy the coin from secondary markets and distribute it to get a return.
18% of SWEAT shine in celebration of the launch
Finally, the sweat economy had a lightning start to its cryptocurrency, which was launched on September 13, 2022. Previously, The company had raised $13 million in the initial funding round. Later, on the day of the Sweat Economy (SWEAT) grand launch, the Sweat Foundation Treasury and Sweatcoin joined forces to burn $4.76 billion in SWEAT tokens.
At the time of publication, the new cryptocurrency Sweat Economy (SWEAT) was trading at $0.06682, by 13.2% in the past 24 hours. The two-day-old cryptocurrency peaked at $0.091, 21 hours ago, according to Queen Gekko. Furthermore, Sweat Economy (SWEAT) is located just outside the TOP 200 at number 211, next to Shibaa bone at #212.
4.76 billion sweat (18%) burned on chains
As promised, Sweat Foundation Treasury and SweatCo have burned $4.76 billion worth of SWEAT on the chain!
Supply combustion – 18%
Ethnicity and the economy (SweatEconomy) September 14, 2022
on the flip side
- Only 10% of the collected Sweatcoins will be immediately available.
- The rest of the SWEAT program is open throughout the year.
- Despite the strong start$SWEAT faces a double loss on the third day.
Why should you care
The Sweatcoin app was launched in 2016 and already has 110 registered users. The Most downloaded app in 66 countriesSweatcoin has more than 25 million active users around the world.
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