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$SWEAT FAQs

Simple answers to questions about the $SWEAT token

By SWEAT Support

• 15 articles

What is $SWEAT?

$SWEAT is a new token generated by your movement. You can only mint $SWEAT by validating your steps through the Sweatcoin app. Currently, you can create $SWEAT only with your steps. In time, there will be more activities that create $SWEAT, such as swimming, gym work, cycling etc. $SWEAT is native to the NEAR blockchain and can also be sent on Ethereum and other supported chains (Base, Arbitrum, Binance Smart Chain) directly from Sweat Wallet using the multichain transfer feature. Always make sure you select the correct chain when sending — sending to an address on the wrong chain may result in lost tokens.

Last updated on Mar 17, 2026

How much $SWEAT can I earn a day?

💡 Update : In July 2024, the community voted to change the minting window mechanism. Before 2024, users could earn $SWEAT for every step up to 10,000 per day according to the minting curve. After July 2024, users earn $SWEAT for steps from 3,000-10,000, according to the minting curve. $SWEAT is minted, or earned, from your steps. When you walk, your steps are validated via the Sweatcoin app, and you mint steps according to the plan you are on. Users on the Free Plan earn $SWEAT for every step they take between 3,000 and 10,000 a day. Users will also earn sweatcoins from steps 0-10,000 a day. Users on the Sweatcoin Premium Plan earn $SWEAT for every step from 3,000 to 20,000 per day. Users will also earn sweatcoins from steps 0-20,000 a day. SWEAT MAX subscribers (Sweat Wallet's premium subscription) will unlock 2× earnings from steps, coming Early 2026 — this doubles the step-to-SWEAT conversion rate on top of your existing plan. You can also earn $SWEAT by completing short lessons, using the Spin the Wheel feature, and winning rewards. Why can I only earn $SWEAT after 3,000 steps a day? We’re on a mission to make the world more physically active. To that end, we held a community vote in 2024 where more than 70% of voters chose to change the Minting Window (from 0-5K steps a day to 3K-10K steps a day).

Last updated on Mar 17, 2026

How can I transfer my sweatcoins into $SWEAT?

Sweatcoins are in-app currency that can only be used in the Sweatcoin app; therefore, you cannot transfer or trade your sweatcoins for $SWEAT. The only way to mint $SWEAT is to have both Sweatcoin and Sweat Wallet apps downloaded and to walk more than 3,000 steps a day.

Last updated on Mar 17, 2026

What is NEAR?

NEAR is the blockchain that Sweat Wallet was built on. Every transaction on the blockchain requires a gas fee. In Sweat Wallet, $SWEAT is the universal gas token — you pay fees for any action on any supported chain using $SWEAT, so you do not need to hold $NEAR to use the wallet. How does NEAR connect to my Sweat Wallet?** **When a user creates a Sweat Wallet, they automatically get a NEAR address created which can send, receive and store NEAR or any other NEP-141 token (a custom asset created on NEAR). The Sweat Foundation funds the NEAR accounts for users to ensure that there are enough funds to cover gas fees for every time that an onchain action is performed, requiring gas. Do I need a NEAR Wallet to use Sweat Wallet?** **No. You don’t need a NEAR Wallet to use Sweat Wallet. How to login to my NEAR Wallet? All users who create a Sweat Wallet have private-public keypair created with an associated address on NEAR. Users receive their private key in the form of a 12 word mnemonic passphrase. This passphrase can be used to instantiate a user’s account on any NEAR compatible wallet and all balances will be displayed and accessible. Do I need to top up NEAR to use Sweat Wallet? No. Gas fees in Sweat Wallet are paid in $SWEAT — you do not need to hold $NEAR. Initial transactions are gas-free, and you can watch an ad to get a fee discount on subsequent transactions.

Last updated on Mar 17, 2026

TGE (Token Generation Event) – what it was and what happened to the tokens

What was the TGE? The Token Generation Event (TGE) marked the official launch of $SWEAT on September 12th, 2022. At that moment, the Foundation took a snapshot of users' sweatcoin balances and allocated $SWEAT at a 1:1 ratio — one $SWEAT for every sweatcoin held by users who had opted into crypto. Over 5 billion $SWEAT tokens were distributed to more than 13 million users. Sweatcoin balances were not affected. These tokens were locked in a smart contract and set to unlock gradually over 24 months, with the final unlock on September 12th, 2024. What happened to unclaimed TGE tokens? The community voted to burn all unclaimed TGE tokens. Following the vote, approximately 1.5 billion unclaimed $SWEAT were permanently burned and the TGE lockup smart contract was destroyed — making any further claims impossible. Can I still claim my TGE tokens? No. The deadline has passed and the smart contract no longer exists. Unclaimed tokens were burned as per the community's decision. How did the burn affect my balance? If you claimed your TGE allocation in time, your balance is unaffected. If you did not claim before the deadline, those tokens were burned and are no longer recoverable. Why was this done? Burning unclaimed tokens reduces the circulating supply, helping to maintain $SWEAT's value and ensuring that only active, engaged users hold the token. What if I missed the deadline? Multiple notifications were sent ahead of the deadline, and a 30-day grace period was provided. Unfortunately, tokens that were not claimed during that period cannot be recovered.

Last updated on Mar 17, 2026

Why Has My $SWEAT Minting Been Paused?

If you've been notified that your $SWEAT minting has been paused, there are two possible reasons: 1. You haven't opened the Sweat Wallet app for 60 days or more — minting is paused until you log back in. 2. You haven't opened the Sweatcoin app in the last 30 days — the Sweatcoin app validates your steps, so it must be opened at least once every 30 days to keep minting active. What happens to my existing $SWEAT? Don't worry. Your existing $SWEAT will stay safe even after your period of inactivity, and as soon as you log back in, minting will begin once again. When can I begin minting $SWEAT again? Right away! Simply open both the Sweat Wallet app and the Sweatcoin app and minting will resume. To keep minting active going forward, open the Sweat Wallet at least once every 60 days and the Sweatcoin app at least once every 30 days.

Last updated on Mar 17, 2026

How much does $SWEAT cost?

This is not something we decide at Sweat Foundation. An open market means that the Sweat Foundation do not determine the price of the token and it is determined by supply and demand on the market. You can check the price on aggregator sites such as CoinGecko or CoinMarketCap.

Last updated on Mar 17, 2026

What is the Sweat Wallet? A hot wallet? A cold wallet?

The Sweat Wallet is a hot wallet. In general, a hot wallet is a digital safe place where you can receive, send, and store cryptocurrencies or tokens. Different hot wallets have different functionalities, such as exchanging one currency/token for another, withdrawals, staking, liquidity provision and more. For details and definitions of these functions, visit our $SWEAT specific FAQ. A cold wallet, sometimes referred to as “cold storage”. It is a physical object, often resembling a USB memory stick, that holds your cryptocurrency safely offline.

Last updated on Mar 17, 2026

How many steps do I need to mint one $SWEAT?

At the time of our Token Generation Event (September 2022) 1 sweatcoin equalled 1 $SWEAT. In practice, this meant you could effectively create a $SWEAT with 1,000 steps. However, now the Token Generation Event has passed, each $SWEAT requires more movement to mint. The current rate (as of March 2026) is approximately 8,500 steps per 1 $SWEAT. As the rate changes over time, you can always check the latest rate in the Sweat Wallet app. So get moving!

Last updated on Mar 17, 2026

Why is $SWEAT not available in my area?

There are two possible reasons. Firstly, the Token Generation Event where $SWEAT was first made available to the public was only available to Sweatcoin app users. The app is currently available in these countries; but stay tuned, because we're rolling out the app globally. Secondly, there were simply some areas which we could not launch in at the time, because of regulations related to crypto. Countries where $SWEAT is currently not available: Albania Belarus Cambodia China Crimea Cuba Iran Mauritius Myanmar Nicaragua North Korea Palestinian Territories Panama Russia Syria Yemen

Last updated on Mar 17, 2026

Will my steps be visible on the blockchain?

As a true crypto asset, $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: - Your name, Sweatcoin account number or other personal information - Where the steps were taken - When exactly the steps were taken 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: - Number of verified steps taken - Amount of $SWEAT received - When the steps were converted into $SWEAT - The public key (unique, anonymous crypto reference) of the receiver of $SWEAT 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.

Last updated on Mar 17, 2026

How does $SWEAT connect to Sweatcoin?

Sweatcoin is a centralized app for people who cannot access, or do not want to access, crypto. The Sweatcoin app validates your steps, which can be converted into sweatcoins (akin to “Air Miles”). You can exchange sweatcoins for goods and services in the Sweatcoin marketplace. Alternatively, you can choose to donate them to a range of charities. Sweat Wallet is a non-custodial crypto wallet application that allows users to manage their Sweat tokens, as well as other assets in the future. $SWEAT is a new, decentralized crypto asset created to unlock the value of your movement.

Last updated on Mar 17, 2026

What can I do with my $SWEAT?

You can do lots with your $SWEAT, including putting it into a Grow Jar to generate earnings and access new rewards. You can also use your $SWEAT to: - Participate in Rewards — win prizes, buy exclusive offers, and access members-only draws - Participate in governance votes (token holders have the privileges associated with running a network, such as voting and rewards) - Sell your $SWEAT on an open market - Exchange it for other crypto assets - Pay gas fees for any action on any supported chain - Apply it to many different use cases ...and much more! In time you'll be able to do even more with your $SWEAT as we continue to add exciting new features to the Sweat Wallet app!

Last updated on Mar 17, 2026

Is $SWEAT secure?

$SWEAT will be held in a Sweat Wallet, which is built on NEAR. NEAR is a high-performance blockchain, which prides itself on security – for more details on this, visit their website. Sweat token's smart contract has been independently audited by two security firms: Quantstamp and Pessimistic.

Last updated on Mar 17, 2026

What is the Open Economy of Movement?

Sweat Economy is a founding entity of the Open Economy of Movement. By tokenizing physical activity, Sweat Economy produces a token, $SWEAT, which can be used to form a broader economic ecosystem where the value of physical activity can be exchanged, verified, and calculated. This is the Open Economy of Movement.

Last updated on Mar 17, 2026