# SWEAT: the tokenomics (phase one)

**Published by:** [Supra](https://paragraph.com/@supra-2/)
**Published on:** 2023-01-16
**URL:** https://paragraph.com/@supra-2/sweat-the-tokenomics-phase-one

## Content

We created SWEAT to reward movement. Whether you’re walking the kids to school, strolling to the shops, or through the park on your lunch break. We want to celebrate every day movement. And encourage more of it. The simple fact is: your movement has value. Governments offer cycle-to-work schemes, insurers offer discounts to active customers, employers pay for gym memberships, and brands encourage your physical activity. In this, we can see the foundations of an economy of movement. But, as with any economy, we require a way to represent and exchange value. That is the purpose of SWEAT. A new cryptocurrency to power a new economy. A way to return the value of movement to you; and, through our products, work, and partnerships, to bring new incentives to movement. Below, we will cover token fundamentals, supply, and phase one of the tokenomics plan. Together, this is how SWEAT can help to achieve our mission of making the world move more. The Sweatcoin marketplace is a lively economy and represents a new way to incentivize and monetize user movement and engagement. In the last nine months, users have exchanged their sweatcoins for $187M worth of goods and services:Q3 2021 — $60MQ4 2021 — $57MQ1 2022 — $70MBut this is just the beginning. We believe that a cryptocurrency can open up further possibilities. SWEAT breaks free of single apps, limited geographies, and single marketplaces.At launch, SWEAT will be built on NEAR — after TGE it will be compatible with ERC-20 and NEP-141SWEAT is minted solely by verified movementEach SWEAT will require more steps to mint than the last (like Bitcoin’s halving)There is an ever decreasing rate of inflation of SWEATAfter TGE, only a user’s first 5,000 steps will mint SWEAT — anything above will create sweatcoinsFor now, the movement that mints SWEAT is steps — running and walkingIn time, other forms of movement will mint SWEAT — Movement Validators, such as FitBit or Apple Watch, can stake large sums of SWEAT to offer their users Move to Earn, and receive a 5% fee of the SWEAT they mint for their contributionThe Sweat DAO: we will decentralize power to the DAO, which will be governed by veSWEAT. This is of vital importance — as revenue generated goes to the DAO, SWEAT holders will be able to vote on key treasury decisionsThe Sweat Wallet App: a place to manage your SWEAT. Future features, such as staking, will be available through the app.

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