Sweat Economy Gears Up to Launch “Minting Pause” Tokenomics Approach

Sweat Economy Introduces a New Tokenomics Approach Called "Minting Pause" to prevent inactive users.

[London, United Kingdom] – Sweat Economy, the business behind the most popular fitness and health app called Sweatcoin and the top dApp named Sweat Wallet, is preparing to launch its pioneering "Minting Pause" feature in the coming few weeks. The launch is making it the first move-to-earn initiative for preventing inactive users from minting tokens. The team chooses to gradually push for constant participation from the ecosystem's 6M worldwide users.  

This ground-breaking upgrade is intended to encourage people to be more physically active and involved with the project. It also allows the team to better control the SWEAT token supply.

In the upcoming weeks, the Sweat Wallet will progressively roll out the Minting pause feature, which will automatically pause the minting of SWEAT tokens for users who haven't used the app in 60 days. In the Sweat Economy ecosystem, those users are seen as inactive, the feature will immediately stop them from accruing SWEAT tokens from their steps. Users will need to restart token minting by using the Sweat Wallet app, which will start it up again right now.

The following are some ways that this functionality may impact users and the tokenomics of the project:

1. It will make use of "loss aversion" to increase users' interest in the Sweat Wallet app, which serves as a reminder that physical activity has value and encourages users to be more active.
2. The Sweat Wallet app's expanding and more active user base translates into more possibilities for monetization and income, which are then utilised to purchase tokens on the open market.
3. The temporary stop of SWEAT minting on unengaged accounts cuts token emissions, hastening the project's march towards deflationary tokenomics.

Sweat Economy, a community-first web3 project, will have Discord community conversations before and following the feature launch to increase transparency and give users a chance to offer input.

Sweat Economy's Minting Pause function is the first to be offered by a move-to-earn initiative, solidifying the company's position as an industry leader.

"We're more than excited to launch this feature which allows us to take further steps in motivating people to walk more and improve our tokenomics by reducing supply and increasing demand for SWEAT tokens." Oleg Fomenko, co-founder of Sweat Economy said.

 About Sweat Economy

Established in 2015, Sweat Economy promotes healthier living by encouraging people to move more. Sweatcoin, the most downloaded health and fitness app globally in 2022, incentivizes over 130 million users to move more by earning sweatcoins, dubbed 'Airmiles for steps.' The in-app currency can be redeemed for branded products, digital services, or donated to various charities. Last summer, Sweat Economy launched the Sweat Wallet app and its cryptocurrency, $SWEAT, to further reward users and establish a tangible financial unit of value for movement. Over 14 million users received airdropped tokens, constituting the largest crypto giveaway ever. By harnessing the decentralized power of Web3, the company is well on its way to creating a true economy of movement where health and wealth intersect. 

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