Sweat Economy (SWEAT) Adds Moonpay To Sweat Wallet, But Plunges 47%

Sweat Economy SWEAT Adds Moonpay To Sweat Wallet But Plunges 47%

Sweatcoin (SWEAT) has selected Moonpay as its Web 3.0 partner for credit & debit card payments. The deal will enable users to purchase the project’s native cryptocurrency, Sweat Economy (SWEAT). Moreover, through Moonpay, Sweat Wallet top-up options will be expanded beyond Visa & Mastercard debit cards to include:

  • Apple Pay & Google Pay
  • SEPA & SEPA Instant
  • UK Faster Payments

An additional benefit to the integration sees Sweat Wallet offer staking products, the most popular of which offers 12% APY for 12 months. The deal includes a number of other perks, notably including prize draws for $10 Adidas gift cards, tickets to the FIFA World Cup 2022 in Qatar, and an exclusive NFT airdrop held on the Near Protocol (NEAR), the blockchain behind the 29th crypto by market cap.

Breezing into Web 3.0

“By offering crypto to its more than 120 million users, Sweat Economy is once again revolutionizing the way people move”, enthused Antonio Talledo, Senior BD Manager at MoonPay. Ultimately, Sweatcoin’s quest for a “healthier planet” is proving greatly popular, with Sweatcoin (SWEAT) raising $13 million in a funding round for the launch of the Sweatcoin Economy (SWEAT) walking token.

Sweatcoin made its Web 3.0 debut on September 13th, 2022, when the step counting app’s own cryptocurrency was launched. The company behind the trendy health & well-being app has made an immediate impact, with users cumulatively walking 133,391,875 kilometers since the app’s release. The massive distance is equivalent to 173 journeys to the moon and back.

Sweatcoin Economy’s (SWEAT) Price Sliced in Half

Despite entering the top 300 cryptocurrency rankings by total market capitalization, Sweatcoin Economy (SWEAT) has lost 47.8% of its value over the last two weeks. Moreover, at press time, the crypto behind the most popular well-being app in 66 countries is down by 69.8% from its ATH of $0.091476, set just a day after its launch. The last week has been a hard slog, drawing blood, sweat and tears from Sweatcoin, with the walk-for-crypto token’s value dropping 17.5% in the 7 day period.

Sweat Economy (SWEAT) is trading at $0.0275 at the time of writing, according to CoinGecko. Ultimately, the bears are still baying for blood, and it is this sentiment that can be seen reflected in SWEAT’s 4% deficit for the last 24 hours. The steady decline comes despite Sweat Economy’s (SWEAT) recent listings on OKX, FTX, KuCoin, and many other top crypto exchanges.

On the Flipside

  • The exchange feature on Sweat Wallet has yet to launch.
  • Trading $SWEAT for other popular cryptos remains a difficult task for users.
  • Google Pay is only available on the Android version of Sweat Wallet.

Why You Should Care

Sweatcoin is the number one health & well-being app in 66 countries, with more than 120 million users registered worldwide.

Sweatcoin isn’t the only free crypto earning project available. Find out about some others below:

Sex-to-Earn Economy: an Unexpected Evolution of Move-to-Earn and Play-to-Earn

“Shitpost-to-Earn”: Solana-Based NFT Project Rewards Sarcasm on Twitter

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.