50M SWEAT Token Burn Continues Community-Voted Initiative

🔥 Another 50M Gone Forever

By Sweat Economy
May 5, 2025, 2:49 PM
twitter
News article
Photo by Sweat Economy

Following a community decision from August 2024 supported by 162,000 voters, another 50 million SWEAT tokens have been burned on May 1st, 2025.​ This continues a pattern of strategic burns, with a previous 50M token reduction executed in January 2025.​

  • Latest burn: 50M SWEAT tokens
  • Community-driven decision
  • Verification available on NearBlocks

This marks the latest implementation phase of the deflationary mechanism approved by the SWEAT DAO.​

Sources
Read more about Sweat Economy

SWEAT Announces Qatar Movement Economy Launch

SWEAT is launching the Movement Economy initiative in Qatar this October, centered around the Lusail International Circuit in partnership with @rungp_global. Key details: - $250,000 prize pool available - Event to be held at prestigious Lusail International Circuit - Partnership with @rungp_global to power the event The launch represents a significant expansion of SWEAT's Move2Earn ecosystem into the Middle East region. Participants will have additional training time to prepare for the event. Follow [@rungp_global](https://twitter.com/rungp_global) for event updates and participation details.

SWEAT Token Evaporation Update: 70M Tokens Burned

SWEAT Token Evaporation Update: 70M Tokens Burned

The SWEAT community's April 2024 vote to evaporate unclaimed tokens is showing significant results: - 70M $SWEAT tokens evaporated to date - Approximately 250,000 $SWEAT being burned daily - Initiative aims to improve tokenomics by reducing inactive user emissions **Important Notice**: Unclaimed tokens are now subject to evaporation. Users should check their eligibility and claim their tokens through the [Sweat Wallet app](https://wallet.sweateconomy.com/home/claim) to prevent loss. *The evaporation process is ongoing and contributes to maintaining healthy token economics.*

Sweat Wallet Launches One-Tap Rewards Feature

Sweat Wallet has introduced a significant upgrade to its rewards system, allowing users to enter multiple rewards with a single tap. Key updates: - Streamlined reward entry process - Current promotion includes Apple AirPods 4 giveaway - New feature enables users to triple their ticket entries The platform continues to enhance user experience by simplifying access to rewards while maintaining its core move-to-earn functionality. Visit [Sweat Wallet](https://wallet.sweateconomy.com/rewards) to explore available rewards.

The Movement Economy: How $SWEAT is Tokenizing Physical Activity

Sweat Economy is pioneering the Movement Economy, transforming physical activity into a tangible digital asset through $SWEAT tokens. The initiative goes beyond traditional fitness rewards: - **Health Benefits**: Reduces chronic diseases and improves mental well-being - **Financial Impact**: Lowers healthcare costs and increases workplace productivity - **Technology Integration**: Uses blockchain to convert movement into tradeable assets The platform differentiates itself from the $7 trillion Attention Economy by ensuring users own and control the value they create. Real-world applications include: - Pavegen's kinetic energy floors - Green MicroGym's electricity-generating equipment $SWEAT offers global movement rewards and marketplace utility, with upcoming multichain features planned. [Learn more about the Movement Economy](https://medium.com/sweat-economy/power-in-every-step-how-movement-is-fueling-a-new-economy-c23eb33f0610)

GovernanceDeFiMarketplacesGamesMove to EarnPlay to EarnYield