The Decision for 2 Billion SWEAT Tokens: The New Governance Vote by Sweat Economy

Key Takeaways

• The Sweat Ecosystem community will determine the future of 2 billion tokens in long-inactive user accounts.
• This governance vote is a milestone for Sweat Economy, strengthening its mission to create a more inclusive, transparent, and democratized ecosystem.
• The voting period has been determined as 7 days and will be extended by 3 days when necessary.

Sweat Economy, one of the most popular projects in the Move-to-Earn category, is starting a new governance vote via Sweat Wallet. The Sweat Ecosystem community will decide the fate of the 2 billion tokens in the wallet of long-inactive users.

The mentioned 2 billion  account for 13% of the total supply and are locked in inactive user accounts for 24 months. In September 2022, after the successful TGE, many users did not activate Sweat Wallet and claim their tokens.

Since Sweat Ecosystem is a community-driven project, it chooses the voting method to solve this problem. Token holders will directly participate in this decision process and cast their votes, and the future of the token will be decided by a democratic method.

Sweat Ecosystem users can vote for the recovery of 2 billion tokens and their future distribution (other uses as decided by future votes) or for these tokens to remain in inactive user accounts.

 A total of 75,000 user votes are required for the decision to become apparent. In order to count the votes and conduct a fair election, a voting period of 7 days in total has been determined. However, a 3-day extension period has also been considered if the voting process continues.

Building a Stronger Community

This governance vote indicates a sizeable token volume accounting for 13% of the total supply and the Sweat Economy’s community-driven decision-making. Regardless of the number of Sweat token savings, every user is valuable, and all users need to have their voices heard on the platform’s common issues.

The community also reports positive feedback from being a part of the Sweat Ecosystem and having a say.

“Thanks for letting the community know before the vote is live. Much better for transparency.”

“It’s a good proposal! I can’t wait to see what they propose to do with over 2 billion $SWEAT!”

A total of 153,783 users participated in the previous vote. However, a higher turnout is expected as there is a 13% token amount subject to this governance vote.

This governance vote is considered to be a milestone for Sweat Economy and the following benefits are foreseen;

• Strengthening the mission
• Inclusive decision-making
• Transparency and accountability
• Community resonance

About Sweat Economy

Sweat Economy was founded in 2015 and is an ecosystem that encourages people to move more and live healthier. It was the world’s most downloaded health and fitness app in 2022, reaching over 130 million users. In-app tokens earned as you move can be used to donate to branded goods, digital services, and charities. Last summer, the ecosystem’s cryptocurrency Sweat token and app wallet Sweat Wallet were launched.

More than 14 million users were given free tokens through an airdrop, making it the most giant cryptocurrency giveaway ever. By utilizing the decentralized capabilities of Web3, the company is making significant progress in establishing a real economy that combines physical well-being and financial prosperity.

By following the links below, you can join the Sweat Economy ecosystem and earn cryptocurrency for your steps. You can also follow social media channels for the latest news and developments.