Road Town, British Virgin Islands, September 12, 2022, Chainwire
Bitfinex, a state-of-the-art digital token trading platform, has announced that it will list Sweat (SWEAT), the decentralized digital token from the “Sweat Economy”, created from the 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 web2’s proposition – Sweatcoin – an application that rewards steps with a dedicated, centralized currency, and which has gained more than 110 million global users since its launch in 2016. Users have expanded routes and their rides about 20 percent after downloading the Sweatcoin app, according to the company.
SWEAT – the new decentralized currency – will be deducted from a user’s steps through the same app that counts steps and now yields both Sweatcoins and Sweat for them. The token can also be staked through the recently launched Sweat Wallet app, which will offer a number of other upcoming benefits for token holders, including rewards and NFTs.
“We are delighted to welcome Sweat Economy to our thriving digital token ecosystem,” said Paolo Ardoino, CTO of Bitfinex. “Exchange users will now have the opportunity to use XCN as it is added to our industry-leading ecosystem.”
“Bitfinex is one of the largest and most trusted exchanges in the world and we are excited to partner with them.” said Oleg Fomenko, co-founder of Sweat Economy. “They have a strong history of working with breakthrough technologies and a first-class commercial infrastructure and customer base that we know will benefit the Sweat Ecosystem in both the short and long term.”
SWEAT (ERC-20) deposits are now open from 12/09/2022 at 10:00 AM. UTC.
Trading of SWEAT will start from 13/09/22 at 10:00 AM. UTC and will be available for trading USD (SWEAT/USD) and Tether tokens (SWEAT/USDt).
SWEAT is only available to verified users and not to users in Canada.
To access SWEAT on Bitfinex, users can visit https://www.bitfinex.com/.
More information on the Sweat Economy can be found at https://sweateconomy.com/.
Bitfinex leverages its position as a one-stop shop for digital token trading by offering a variety of services, including spot and margin trading, staking, lending and fundraising.
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 range of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer funding, an OTC marketplace and funded transactions for a wide selection of digital assets. Bitfinex’s strategy is focused on providing unparalleled support, tools and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.