Bitfinex Lists Sweat Economy As Movement Coin Launches Token Generation Event

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September 12, 2022 – Road Town, British Virgin Islands


Bitfinex, a state-of-the-art digital token trading platform, has announced it will list Sweat (SWEAT), the decentralized digital token from ‘Sweat Economy,’ generated by steps taken by its users.

Sweat Economy is on a mission to promote healthier living by encouraging more people to move more. The new token represents the natural evolution of its Web 2.0 proposition – Sweatcoin – an app that rewards steps with a proprietary, centralized currency and which has acquired more than 110 million global users since its launch in 2016.

Users extended their runs and walks about 20 percent after downloading the Sweatcoin app, according to the company.

SWEAT – the new decentralized currency – will be minted by a user’s steps via the same app that counts the steps and now attributes both Sweatcoins and Sweat for them. The token can also be staked via the newly launched Sweat Wallet app which will be rolling out a host of other upcoming benefits for token holders, including rewards and NFTs.

Paolo Ardoino, CTO at Bitfinex, said,

“We are delighted to welcome Sweat Economy to our thriving digital token ecosystem. The exchange’s users will now have an opportunity to utilize XCN as it is added to our industry-leading ecosystem.”

Oleg Fomenko, co-founder at Sweat Economy, said,

“Bitfinex is one of the largest and most reputable exchanges in the world and we’re excited to work with them. They have a strong history of working with pioneering technologies and a first class trading infrastructure and client-base which we know will benefit the Sweat Ecosystem over both the short and long term.”

Deposits of SWEAT (ERC-20) are now open as of September 12, 2022, at 10:00 AM UTC.

Trading of SWEAT will commence from September 13, 2022, at 10:00 AM UTC, and will be available to trade with US Dollars (SWEAT/USD) and Tether tokens (SWEAT/USDt).

SWEAT is available to verified users only and not available to users in Canada.

For access to SWEAT on Bitfinex, users can visit the website.

More information on Sweat Economy can be found here.

Bitfinex is leveraging its position as a one-stop shop for digital token trading offering a variety of services, including spot and margin trading, staking, borrowing and capital raising.

All users of Bitfinex are subject to Bitfinex’s terms of service (‘TOS’). Please note that US persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an account (as defined in the TOS) on Bitfinex.

About Bitfinex

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and financed trading for a wide selection of digital assets.

Bitfinex’s strategy focuses on providing unparalleled support, tools and innovation for professional traders and liquidity providers around the world. Visit the website to learn more.

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Andres Steimberg

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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