Sweat Economy Plus

Community Maturity: My Thoughts ✍️ One of the standout strengths of Sweat Economy is its ability to introduce everyday individuals to crypto — 🤪 individuals who are unfamiliar with its concepts, principles, and market dynamics. Unfortunately, this also means that the Sweat Economy communities often consist of individuals with a limited understanding of the space. Consequently, there tends to be a prevailing negative sentiment towards the project's performance. From my long-term observations, the hard work and achievements of the team frequently go unnoticed or underappreciated, as the majority of the community is primarily focused on the 'get paid to walk' aspect that initially attracted them to the project. Many do not understand the complexities involved in creating an entirely new attention economy, which demands extensive effort 👨‍💻, experimentation, innovation, and patience. The Sweat Foundation might want to reconsider the structure/objective of the Learn and Earn feature. From my not-so-thorough observation, it seems that a significant portion of the Sweat Community still lacks a basic understanding of why market price goes up or down. Why do we have a Learn and Earn feature that people aren't learning from? Or is it at the moment primarily focused on scooping the Sweat Foundation partnerships? 👊 As crucial as it is to foster a physically active and healthy community, we must also prioritize cultivating an intellectually informed one. If the ultimate aim is to decentralize governance within the Movement Economy, it's imperative to avoid a DAO lacking in knowledge and understanding of their space, isn't it? ☕️

👥 Multichain Update! As announced by Oleg during the Token2049 Dubai conference, the Sweat Economy is embarking on an exciting journey into the multichain universe. The team’s strategic move involves the implementation of chain signatures, a groundbreaking feature that will enhance interoperability and scalability. ⬆️ BNB and Beyond This transition will unfold gradually, with Binance Coin (BNB) integration either completed or nearing completion. Users will be able to send transactions from NEAR to BNB Chain and pay for gas using SWEAT tokens. It has now been confirmed that over the next 12 months, Sweat Economy plans to integrate additional significant chains from the crypto ecosystem. 🌞 A New Era for Sweat Economy For you, this multichain expansion opens up exciting possibilities. Whether you’re a DeFi enthusiast, a NFT collector, merchant, or a liquidity provider, interoperability means more opportunities and greater accessibility.

GM 👊

⚡️ Sweat Wallet’s highest-earning Growth Jar is back! For a limited time, you can put your walked-for SWEAT into Premium Jars to earn up to 24%, the highest targeted Growth Jar reward in the history of Sweat Wallet. 👑 Premium Jars are only accessible to users with active Premium subscriptions on Sweatcoin. If you don’t have a Premium subscription, you’ll see the new Premium Jars while they’re available, but you won’t be able to fill one up. ❓ What happens if I have a Premium Jar and my subscription comes to an end? Your earnings rate will be downgraded to a lower rate and, if you’ve opted in to receive push notifications, you’ll get a message alerting you when you’ve been downgraded. The lower rate will be applied until you resubscribe or your Jar unlocks.

❕ If you're unfamiliar with the term ponzinomics, I extensively covered this topic last year in this post.

🔍 What Oleg Thinks of STEPN Sergei Buryi from Cryptonica had the opportunity to chat with Oleg during the Token2049 conference in Dubai. While there, they delved into various aspects of Sweat Economy, STEPN emerging as one of the most captivating subjects. Let's explore further... ▫️ Cryptonica: You launched well before Stepn, yet they got all the hype. Oleg: When Stepn launched, everyone panicked, including me. We thought they'd take over the entire market. In the end, things went terribly with Stepn. Now, the entire move-to-earn market is associated with scams because of Stepn. We have to explain to people that we're different; our model isn't based on Ponzi economics. ▫️ Cryptonica: So, is Stepn a classic Ponzi scheme? Oleg: Exactly. The earnings of one investor are generated from the investments of the following one. To start playing Stepn, you have to buy an entry ticket. And to profit further, that money has to be taken from the next player. ▫️ Cryptonica: And why isn’t SWEAT a Ponzi scheme? Oleg: We don’t charge our users any money to start. They begin interacting with our app for free and gradually earn coins.

I understand that some of you may not favor this theory, but I do.

Why STEPN Will Likely Outperform Again 😎 You might be surprised to learn that the most highly valued game this cycle may not necessarily be the game boasting the best graphics or gameplay. Rather, it's likely to be the project with the most effective ponzi scheme - one where many people can quickly make substantial profits by inviting others or purchasing a macguffin (probably an NFT or membership). ⭐️ The most successful ponzi scheme will come out on top! STEPN could be a strong contender for this title. It was one of the top performing ponzi schemes in the last cycle, and the project is still active. ▫️Recently, they announced a partnership with none other than Adidas – yes, you read that right, Adidas. This partnership is particularly interesting. ▫️Currently, STEPN's market cap stands at around half a billion, while its fully diluted valuation (FDV) is approximately 1.3 billion. These figures indicate that there are still plenty of investors sitting in STEPN, eagerly waiting to pump its value to the end of our solar system and then dump it all on retail investors. In conclusion, STEPN remains an incredibly enticing investment opportunity – far superior to its competitors in the gaming and x-to-earn narrative. 💯

Remember our daily crypto news updates? The friend who used to run them now has a Telegram channel dedicated to crypto insights and his long-term investments. Occasionally, I also contribute there. Today, he shared a fascinating post about STEPN. I'll check if I can share it with you all here.

🔑 Magic Keys: What You Can Look Forward To. Self-custody wallets offer unparalleled control over your crypto assets. However, the downside is the risk of losing access to your wallet permanently if you misplace your seed phrase. Sweat Economy is set to revolutionize the user experience while maintaining security and self-custody with the introduction of Magic Keys. By leveraging Near Protocol's FastAuth, Sweat Economy aims to simplify your login experience and make it even easier to use your Sweat Wallet. Here's what Magic Keys has in store: ▫️ Effortless email authentication — Seamlessly link your email to your Sweat Wallet account, providing a familiar and convenient login experience akin to your favorite Web2 apps. ▫️ Say goodbye to fears of getting locked out — No more worries about losing your seed phrase! With Magic Keys, you can easily log in using your email and a secure magic link to regain access to your account. ▫️ Double-layered security — Even if you lose your email access, you can create a backup seed phrase for an additional layer of protection. Magic Keys empower you to create a secure Sweat Wallet account in seconds, without the burden of memorizing complex seed phrases.