Are New Coins Sweat Economy (SWEAT) and Tamadoge (TAMA) Worthy?

In the middle of the extended crypto winter, new coin launches are still highly subscribed. Recently, Sweat Economy (SWEAT) and Tamadoge (TAMA) had resounding presale successes which makes investors ask an important question: are they worth the money?

The Hideaways (HDWY) is another project that’s been talked about lately. Its presale is quickly becoming one of the success stories of 2022. Can The Hideaways (HDWY) follow the success of Sweat Economy (SWEAT) and Tamadoge (TAMA)?

Sweat Economy (SWEAT): Is it Worth the Sweat?

Sweatcoin, a fitness activity tracker that converts users’ steps to real money, has recently launched its native token Sweat Economy (SWEAT). 

The project raised $13 million during its private token sale participated by some of the world’s biggest venture capital firms.

Sweatcoin users will now be rewarded using its native token SWEAT to give them a chance to earn bigger as crypto tokens can surge exponentially during days of high-demand.

But top analysts are not optimistic about SWEAT. Currently, Sweatcoin users are compensated with 1 SWEAT token for every 1,000 steps they make. As more users join the platform and produce steps for monetary compensation, Sweatcoin has to pay a higher production cost for steps.

To compensate for the imbalance, the platform will resort to paying users less for doing the same number of steps. The payment per 1,000 steps is expected to fall to 0.02 SWEAT by 2031. 

As payment value declines, as do users’ motivation. This means Sweat Economy (SWEAT) is not here for the long haul.

Tamadoge (TAMA) is Just Another Memecoin

Another coin that’s been enjoying popularity lately is Tamadoge (TAMA). The project collected $15 million during its presale which closed earlier than target, making it one of the highly subscribed now coins in 2022 so far.

Tamadoge’s concept is similar to the popular 1990s game Tamagotchi where users breed, train, and put their pets on battles in exchange for rewards. These rewards come in the form of “Dogepoints”  which can be exchanged for TAMA tokens.

Tamadoge (TAMA) may be too cute to resist, but reality shows play-to-earn projects have a huge chance to wipe off investors’ money in a snap, as what happened to Axie Infinity (AXS). Its lack of real-world use case makes it a risky investment to enter. 

The Hideaways (HDWY): Is it a Stable Investment?

The Hideaways (HDWY) is a new crypto that’s been on the news for sometime now. Having seen it frequently in the headlines, we looked into its presale briefer to see what it’s all about.

The new project is in the luxury real estate business which shares the same idea as Real Estate Investment Trusts or REITs. It aims to acquire income-producing real estate properties whose monthly yields will be distributed back to investors. 

Unlike REITs that return a small portion of their earnings to investors – only 5% in most cases, The Hideaways (HDWY) plans to give up to 100% of its yields to token holders. This means that as one of part-owners of The Hideaways properties, you will be entitled to receive a portion of its monthly rental collection, and this could be a great source of passive income. 

The Hideaways (HDWY) is currently holding a presale for its native coin, HDWY, for $0.01 a piece. Check them out to learn more about the project:

Website: https://www.thehideaways.io 

Pre-Sale: https://ticket.thehideaways.io/register 

Telegram: https://t.me/thehideawayscrypto 

Twitter: https://twitter.com/hdwycrypto 

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