Bitfinex has announced that it will list Sweat (SWEAT), the decentralized digital token of the ‘sweat economy‘, generated by the walking or running of its users.
Sweat Economy’s mission is to promote healthier lives by encouraging people to move more. The new token represents the natural evolution of its web2 proposal – Sweatcoin – an app that rewards the number of steps taken in a walk or run with its own centralized currencyand which has acquired more than 110 million global users since its launch in 2016. Users have extended their journeys and travel around 20% more after downloading the Sweatcoin app, according to the company.
SWEAT will be minted by a user’s steps through the same app that counts steps and now assigns them both Sweatcoins and Sweat. The token can also be minted through the recently launched Sweat Wallet app, which will launch a host of other future benefits for token holders, including rewards and NFTs.
“We are pleased to welcome Sweat Economy to our thriving ecosystem of digital tokens.”, said Paolo Ardoino, CTO of Bitfinex. “Exchange users will now have the opportunity to use it as it is added to our ecosystem“.
Another important announcement from the exchange is that Bitfinex has now started allowing its users to deposit and withdraw US Dollar (USDt) pegged Tether tokens on the NEAR (NEAR) Protocola high-speed, low-carbon, transaction fee neutral layer on the blockchain.
NEAR offers services like NEAR Names that are not burdened by potentially high gas fees on networks like Ethereum. The NEAR Protocol was also awarded the South Pole Climate Neutral Product Label.
The launch of USDt on NEAR is the 13th blockchain on which USDt is available, joining Algorand, Avalanche, Bitcoin Cash Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Kusama, Polkadot , Tron, Tezos and Solana.
“We are happy to add one more blockchain for our customers to implement their Tether tokens.Ardoino commented. “NEAR blockchain is a focus of growing interest in the digital token economy and I’m sure our users will appreciate having exposure to its thriving ecosystem.“.
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