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Sweatcoin's Dual Coin System and Upcoming Minting Changes
The Sweatcoin app produces two types of coins: the internal SWC coin, visible in the app, earned through walking, boosting, videos, partner actions, and challenges, which can be spent within the app's marketplace; and the external SWEAT token, generated by the app, which users can sell or buy on exchanges. Free users start earning SWEAT after 3,000 steps, up to 10,000 steps, while premium users can walk up to 20,000 steps for earnings. The balances of Sweat wallet and Sweatcoin do not match, and internal SWC coins are not transferred between accounts or displayed in the Sweat wallet due to their differing natures. A recent DAO vote approved a change in the minting mechanics, indicating upcoming updates to the tokenomics.
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AI Analysis
The Sweatcoin ecosystem is built around two distinct digital assets: the internal SWC coin and the external SWEAT token. The internal SWC coin functions primarily as a reward within the application, i...
AI Recommendation
Investors and users should closely monitor the upcoming changes in the minting mechanics, as outlined in the DAO proposal. These adjustments could significantly influence the value and utility of both...
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.