STEP 2. FOLLOW ME - USERNAME: ROBBIEDNEWS
Search for ROBBIEDNEWS in the app and follow me.
STEP 3. START WALKING!
No NFT or crypto to buy. Just start walking WITH your phone.
STEP 4. WINNERS ANNOUNCED ON THE 1ST OF THE MONTH!
Due to the limitations of the app, I can't follow all of the 10k+ (and growing) users who sign up for the challenge. If you have MORE steps than the 10 winners picked, post a screenshot of your steps and tag @newsasset in Twitter OR send a MESSAGE through the sweat app letting me know.
NOTE: THERE IS A "2 & OUT" RULE. This means if you win 2x you can't win a 3rd time.
STEP 5. LEARN ABOUT SWEAT & THE SWEATCOIN APP
In my opinion, this project will do well. Here's why 👇👇👇 (scroll down)
Community, Utility, Tokenomics & Team. This project has it all.
Oleg Fomenko, Co-Founder SWEAT
How much will the SWEAT crypto token cost when it goes live?
This is not something that's decided by sweat. The purpose of creating a cryptocurrency is to make it open to be used by many people, in many different ways. An open market means that the Sweat Foundation will not determine the price of the token.
What platform is SWEAT built on?
Sweat is built on NEAR, a low-cost, high-speed, and eco-friendly blockchain. In time, SWEAT will be multi-chain, operating on other blockchains, such as an ERC-20 token.
How long is the lock-up period for staking SWEAT?
If you stake your SWEAT to earn more SWEAT, you choose how long the tokens are locked for.
Is the SWEAT smart contract deployed for the TGE (Token Generation Event) on September 12th, 2022?
Are there any location restrictions for WHO can use the SWEAT app and participate in the SWEAT TGE? (United States?)
Most everyone can download and use the SWEAT app and accumulate SWEAT COINS but unfortunately AT THIS TIME, residents of the United States can NOT generate a crypto wallet and participate in the TGE. The SWEAT Foundation believes that this will change in time and the crypto token of SWEAT will be available at some point. It is merely a question of WHEN, not IF this will happen. (see deep dive video above for a more thorough explanation).
What does walking have to do with blockchains and crypto?
The applications of blockchain and crypto are very broad. Using crypto as a digital currency, such as Bitcoin, is only one use of the technology.
The technology has enabled a new wave of crypto tokens called
'utility tokens'. A utility token is one which has a specific,
recognized and operational value within a given ecosystem. For example,
the SWEAT token is a utility token of Sweat Economy. This means that it
can be used by holders to do certain things in Sweat Economy. The
utility of the token will involve: access to rewards; staking; exchanges
for other currencies; voting in the DAO; and the right to own and sell
one's personal movement data.
Will my steps be visible on the blockchain?
As a true cryptocurrency, SWEAT is built on a public blockchain. The open economy we are building must also be transparent. This is the nature of blockchains, and it means that some data will be publicly available.
We have taken every step possible to limit personal user data on-chain. The following will not be on the blockchain:
However, if you opt-in to SWEAT, an aggregated view of your steps data will appear on the blockchain. The following data that will be visible on the blockchain:
This means that it is possible for someone to collect some basic information about your step activity. They would, however, have to know your wallet address (as your name will not appear on the blockchain). It is also worth noting that this public information will not allow any significant breach of personal information or privacy. We will continue working to lower the amount of information disclosed publicly.
As with every crypto blockchain technology, please note that all other SWEAT transactions will be publicly visible on the blockchain.
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Helping people understand Cryptocurrency and Digital Assets in bite-sized pieces. Website and channel are for entertainment purposes only. I’m not a financial planner, or a financial analyst or anything to do with finances. I’m just a small business owner who firmly believes in cryptocurrency and digital assets.
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