{"id":"sweat-economy","title":"Sweat Economy","content":"**Sweat Economy** is a [blockchain](https://iq.wiki/wiki/blockchain)-based project that issues the SWEAT token to users for verified physical activity tracked through its mobile application, positioning itself as part of a broader “Movement Economy.” The project is built on [NEAR Protocol](https://iq.wiki/wiki/near-protocol) and presents claims of cross-chain functionality for asset management and fee coverage, together with consumer-facing features such as in-app swaps, gamified rewards, and merchant offers. \n\nMarket pages list SWEAT with circulating and total supply figures, historical price data, and exchange listings. The project’s public messaging emphasizes turning movement into “digital value” and reports multi‑million user engagement metrics; these adoption figures are presented as project claims rather than independently audited statistics. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU) [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\n## Overview\n\nSweat Economy describes its core concept as rewarding real‑world movement—primarily steps interpreted as physical activity—with on-chain tokens that can be held, swapped, or spent within participating services. Its brand slogans frame movement as an economic primitive, with the project articulating a vision of a “Movement Economy” in which activity generates crypto-denominated value. \n\nThe ecosystem centers on the Sweat Wallet application, which records activity, mints or distributes SWEAT accordingly, and provides portfolio and growth features. The project states it leverages [NEAR Protocol](https://iq.wiki/wiki/near-protocol) and claims multi‑chain capabilities within the wallet experience. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU) [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\nThe public materials associate Sweat Economy with the earlier Sweatcoin ecosystem, presenting the Sweat Wallet as a [Web3](https://iq.wiki/wiki/web3) evolution that brings crypto-rewarded movement on-chain. Marketing language highlights the intention for SWEAT to function across spending, staking-like growth mechanisms, swaps, and GameFi integrations, while also asserting that $SWEAT can be used to cover network fees on multiple blockchains within the wallet experience. These interoperability and fee-coverage features are presented as project claims and lack detailed technical disclosure in the sources consulted. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU) [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\nProject‑sourced adoption figures report tens of millions of token “holders” since launch, several million monthly active users, and substantial daily new-user additions; these are presented as claims on the official site and are not independently verified in the provided materials. \n\nMarket aggregators list price, supply, exchange coverage, and historical highs and lows for SWEAT, with classification tags indicating multi-ecosystem associations that extend beyond NEAR—an area that benefits from clarification given the project’s stated primary use of NEAR. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU) [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\n## History\n\nThe concept underlying Sweat Economy derives from the long-running Sweatcoin initiative, with the project’s [Web3](https://iq.wiki/wiki/web3) iteration positioning the Sweat Wallet as the interface to earn and use the on-chain SWEAT token for verified movement. Public materials present the wallet as central to step validation, token minting or distribution, and participation in rewards and offers, while extending the experience with swapping and portfolio tools. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU) [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\nFrom late 2024 through mid‑2025, the project announced several milestones and feature introductions on its official channels:\n\n* November 29, 2024: Listing on the Philippine exchange Coins.ph.\n* February 6, 2025: Release of “Step Jars,” a feature marketed to convert steps into larger or compounded rewards.\n* March 21, 2025: Listing on Mercado [Bitcoin](https://iq.wiki/wiki/bitcoin) in Brazil.\n* March 24, 2025: Publication of content framing movement as a driver of a new economy.\n* March 28, 2025: Announcement of “Deflationary [Tokenomics](https://iq.wiki/wiki/tokenomics): 50% Reduction in $SWEAT Minting.”\n* May 22, 2025: Announcement that the [Whitepaper](https://iq.wiki/wiki/white-paper) for the Movement Economy was published. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)\n\nMarket data place SWEAT’s all-time high at 0.0001789, a date that aligns with reporting of a late‑April 2026 security incident involving the token. [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\n### Exploit on NEAR\n\nOn or around April 29, 2026 (UTC), reports summarized on market pages described an exploit of the NEAR-based SWEAT token. The incident involved a draining contract that targeted a large set of leading holder accounts, with estimates aggregating approximately 13.71 billion SWEAT moved. \n\nReported responses included pausing the token contract, an exchange freezing a related account, the pausing of certain trading venues, and the deployment of a patched token contract by the project, with statements indicating that external balances were restored and that further forensic analysis and audits would follow. [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\n## Technology and architecture\n\nSweat Economy identifies [NEAR Protocol](https://iq.wiki/wiki/near-protocol) as its primary [blockchain](https://iq.wiki/wiki/blockchain) and describes the Sweat Wallet as built on NEAR, leveraging NEAR’s capabilities while presenting a multi‑chain user experience. The wallet is positioned as able to manage assets across multiple supported chains and, per project claims, to enable the use of $SWEAT to cover fees on several blockchains. The project also references chain-abstraction concepts for unified experience across ecosystems; however, no detailed architecture diagrams, contract addresses, or source-code repositories are cited in the available materials. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU) [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\nA core component is the movement verification process (referred to as a Movement Validator in project descriptions), which is presented as having been developed over many years within the broader Sweatcoin/Sweat Wallet ecosystem to distinguish genuine physical activity from spoofed inputs. While this is a central pillar of the minting logic, the sources consulted do not provide technical documentation of the validator’s methodology, decentralization model, or anti‑cheat guarantees, nor do they provide a third‑party audit of the validator. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)​\n\nThe project additionally highlights in-wallet features including asset swaps, multi-chain portfolio aggregation, growth mechanisms, and gamified reward constructs (Growth Jars and Step Jars). The architecture underlying these services, including bridges or cross-chain [smart contracts](https://iq.wiki/wiki/smart-contract), is not described in technical depth in the sources reviewed. Similarly, there is no consolidated list of verified contract addresses or a public repository linked from the cited pages. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)​\n\n## Products and features\n\nThe Sweat Wallet application is the primary interface for the ecosystem and is available on major mobile platforms. Within the wallet, users can earn or mint SWEAT based on validated steps, view and manage crypto portfolios across multiple chains, perform swaps, and participate in reward mechanisms. The application also promotes merchant offers and time‑limited deals accessible in‑app. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)​\n\nKey features, as described in official materials, include:\n\n* Earn-as-you-move: SWEAT distribution for verified physical activity recorded by the app.\n* [Multichain](https://iq.wiki/wiki/multichain) portfolio: aggregation and management across supported blockchains within one wallet interface.\n* Cross‑chain fee coverage: project-claimed ability to use SWEAT to cover gas on multiple chains.\n* Growth Jars: automated earning or compounding rewards structures akin to staking-like mechanics.\n* Step Jars: a feature introduced in February 2025 intended to boost rewards by allocating steps into specific jars.\n* Mia (AI guide): an in-app assistant that provides tailored suggestions to optimize earning and usage.\n* Offers and rewards: curated deals and opportunities within the app. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)\n\nThe project’s materials also reference integrations with GameFi experiences and merchant payment opportunities for spending SWEAT; however, detailed partner catalogs, settlement mechanics, or geographic coverage are not enumerated on the cited pages. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)​\n\n## Tokenomics and market data\n\nSWEAT is the project’s native token and is presented as originating on [NEAR Protocol](https://iq.wiki/wiki/near-protocol) with wallet-level support for cross-chain connectivity. The token’s utility is described as reward issuance for movement, participation in growth features, swapping and potential spending within integrated experiences. \n\nIn March 2025, the project announced a change it characterized as “Deflationary Tokenomics,” stating a 50% reduction in $SWEAT minting relative to prior parameters. The site also references the role of emissions in maintaining scarcity, though precise formulas, emission curves, vesting schedules, and initial distributions are not detailed on the cited pages. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)​\n\nCoinMarketCap provides a snapshot of market data and supply metrics for SWEAT. As of May 4, 2026:\n\n* Circulating supply: approximately 7.82 billion SWEAT.\n* Total supply: approximately 19.79 billion SWEAT.\n* Maximum supply: approximately 21.867 billion SWEAT.\n* Price: around 0.000184 USD.\n* 24‑hour volume: roughly 1.95 million USD.\n* Market capitalization: around $1.42 million USD.\n* Fully diluted valuation: around $3.97 million USD.\n* All‑time high: $0.09349 on September 14, 2022.\n* All‑time low: $0.0001789 on May 4, 2026.\n  These values are time‑specific and subject to change with market conditions. [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7) [\\[3\\]](#cite-id-Q0qSDggKYRfe7Vud) \n\nThe [CoinMarketCap](https://iq.wiki/wiki/coinmarketcap) profile also displays a partial contract address string for SWEAT (truncated in the listing view) and a profile quality score. The page references a third-party security rating ([CertiK](https://iq.wiki/wiki/certik) score) without embedding the full audit report. Readers seeking to rely on these indicators should consult the underlying auditor documentation and on‑chain contract verifications. [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\nThe project announced the publication of a whitepaper for the Movement Economy on May 22, 2025; prospective reviewers of tokenomics and governance should consult that document for definitive parameters and any changes made after the March 2025 emission adjustment. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)​\n\n## Use cases and adoption\n\nThe primary use case is earning SWEAT by walking or running with validated steps in the Sweat Wallet. Secondary uses include swapping SWEAT to other assets within the wallet, allocating tokens into Growth or Step Jars for reward opportunities, and engaging with GameFi or spending offers where available. The project also claims that SWEAT can be used to cover gas fees across multiple blockchains within the wallet, aiming to present a simplified transactional experience. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)​\n\nAdoption and engagement are emphasized in the project’s messaging. Site-published metrics report more than 20 million holders since launch, around 3 million monthly active users, and daily new‑user additions exceeding 20,000. The materials further assert that the Sweatcoin/Sweat Wallet approach has increased users’ physical activity by a material percentage on average. These are project‑reported figures and effects; no independent audits, study methodologies, or on‑chain corroborations are provided on the cited pages. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU)​\n\nMarket aggregator pages complement these claims with trading and community indicators, listing exchange coverage, liquidity, and sentiment snapshots. Classification tags on aggregator profiles also include ecosystem associations beyond NEAR, which may reflect cross-chain availability or marketing integrations; however, the technical bases for such associations are not detailed on the official site pages cited. [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\n## Security, audits, and incidents\n\nThe late‑April 2026 incident reported on market pages is the most consequential security event in the available record. Summaries indicate that an attacker used a drain contract to extract a large quantity of tokens from leading holder addresses, prompting immediate mitigation steps by the project and certain exchanges. [\\[5\\]](#cite-id-cSt52HoX8uX1sjdo)  \n\nReported measures included pausing the token contract, exchange freezes of related accounts, temporary trading pauses on some venues, deploying a patched token contract, and restoring external balances. Public statements indicated intentions for forensic analysis, engagement with law enforcement, and comprehensive auditing. The status of those audits or any definitive incident report is not included in the sources provided here. [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\nThe project’s website references a bug bounty program within its resource/navigation pages, signaling a channel for responsible disclosure of vulnerabilities. However, the site does not list specific third-party audit reports on the cited page. CoinMarketCap references a [CertiK](https://iq.wiki/wiki/certik) score for the project; formal reliance on any rating should be accompanied by review of the underlying audit documents and scope. [\\[1\\]](#cite-id-RWVKFsfTUknxSBKU) [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​\n\nIn the aftermath of the exploit, [CoinMarketCap](https://iq.wiki/wiki/coinmarketcap) shows an all-time low price for SWEAT on May 4, 2026, consistent with typical market responses to major incidents. Whether and how token contracts have been reopened, re‑verified, or otherwise modified since the incident requires examination of on-chain explorers and any post‑incident technical communications not included in the cited pages. [\\[2\\]](#cite-id-z43TTFYWSs7pcaD7)​","summary":"Sweat Economy is a movement-to-earn crypto on NEAR. 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