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SWEAT

Sweatcoin Updates: Transition to New Minting Mechanics with DAO Approval

The earnings mechanics for coins within the Sweatcoin ecosystem involve two distinct types. The internal coin, SWC, is accumulated through physical activity and engagement with app features, and can be spent within the app's marketplace. Meanwhile, the SWEAT token is a cryptocurrency earned after reaching certain step thresholds, with different limits for free and premium users. Wallet balances in the app do not always align with the actual token holdings, especially if tokens are transferred between accounts. Notably, the recent DAO vote approved a change in minting mechanics, which may impact how new tokens are generated and distributed in the future.
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AI Analysis

The recent update in Sweatcoin’s economics indicates a strategic shift in its tokenomics, following the DAO vote that approved the new minting mechanics. Originally, Sweatcoin rewarded users with SWC ...

AI Recommendation

Given the recent DAO approval for changes in minting mechanics, any investment or engagement with the Sweatcoin ecosystem should be approached cautiously. It is advisable to monitor official updates a...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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