KuCoin AMA With Sweat Economy (SWEAT) — The Mission to Get the World Moving

2022/09/16 13:46:29

Dear KuCoin Users,

Time: September 16, 2022, 11:00 AM- 11:45 AM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the Marketing Director of Sweat Economy, Ofir Avigad, in the KuCoin Exchange Group.

Official Website: https://sweateconomy.com/token

Whitepaper: https://drive.google.com/file/d/1IPklRcEQvgJkCaeYvGh43yjWl-Dj5_6i/view

Follow Sweat Economy on Twitter and Discord.


Ofir Avigad — Marketing Director at Sweat Economy

Q&A from KuCoin

Q: SWEAT has been around for an extended time, but for those who might not know who you are, walk us through Sweatcoin and SWEAT Economy in brief!

Ofir: In 2016 we created our first app, the Web2 Sweatcoin, which has made over 120 million people more active. Our new Web3 Sweat Wallet has more than 13 million wallets created in just four months! The Sweat Wallet is the fastest growing DApp of all time!

Users receive SWEAT tokens for steps with no sign-up fee or an expensive NFT required to start earning, which creates a very large and loyal, rapidly growing user base. In addition, users discover many web3 features for the first time in the Sweat Wallet, like NFT-driven games, sponsored learn-to-earn with our partners, and staking.

When I joined the Web2 app, Sweatcoin had 90 million users. And now, it has a total of 120 million users, and still counting!

Q: Who are the core people in charge of SWEAT? Are you all public? How big is SWEAT's team right now?

Ofir: The SWEAT team includes:

- Oleg Fomenko, Co-Founder: He has held a wealth of strategic roles and focused on behavioral change at BT, Visa, Coca-Cola, Pepsi, BCG & Sweatcoin.

- Anton Deralykta, Co-Founder: Previously the founding CEO of a VC focused on health tech, talent tech, and future of work while managing senior roles at Reebok, Kearney, Ward Howell, Pepsi & Sweatcoin.

- Egor Khmelev, CTO & Co-Founder: Co-founded several successful technology businesses in Moscow.

- Henry Child, Chief Crypto Officer: Worked in crypto for over three and a half years, most recently as the Head of Tokens at Bitfinex and Tether. Previous experience includes Deliveroo and hedge funds.

- Jessica Butcher, Chief Marketing Officer: Technology entrepreneur, angel investor, advisor, and NED with a demonstrable track record of launching and scaling businesses for 20 years. Co-founded award-winning businesses that have raised over 150 million dollars cumulatively.

Q: What are some of its use cases? How do you avoid high inflation?


1. There are no barriers to entry to earning SWEAT. We are bringing crypto mainstream and are monetizing our vast user base to allow people to earn something only for their steps. They don't have to put in cash first.

2. SWEAT has fundamental value. Utility, rewards, games, and more. This means people want to use the token, not just to earn more of it

3. Massive buy and burn initiative. We will spend 50% of our monthly profits to buy and burn our token. This was announced on our blog yesterday.

4. Supply. SWEAT will become more difficult to mint as time goes on (after 1 year, it will be about 3x harder to mint). This, along with many other measures, prevents mass inflation.

5. We have a long-term vision of building an open economy of movement whereby SWEAT can be mined for any physical activity, like swimming and cycling, and people can monetize their movement data, sell it to insurers, and more. You can read more about this in our Litepaper.

Q: What are some of the impressive milestones you've achieved up to date?


1. 13M+ wallet created before TGE.

2. 2M+ registration during TGE week.

3. Sweat Wallet ranked Top-5 Finance app in more than 50 countries and a Top-5 overall in quite a few of those. There are multiple cases where Sweat Wallet and Sweatcoin are both in the Top-5 overall.

4. Listed on 11 global CEXs as of now and 2 DEXs: OKX, FTX, KuCoin, Bybit, Gate.io, Huobi, MEXC, Bitfinex, AscendEx, Swissborg, Bitget

Uniswap, Ref.

Free-Ask from KuCoin Community

Q: Where can I buy your token?

Ofir: SWEAT is available on many CEX, such as the KuCoin Exchange!

KuCoin Post AMA Activity — Sweat Economy (SWEAT)

🎁Participate in the Sweat Economy AMA quiz now for a chance to win 10 USDT!

The form will remain open for 5 days from the time of publishing of this AMA recap.

Giveaway Section

KuCoin and Sweat Economy have prepared a total of 2,000 USDT to give away to AMA participants.

1. Free-ask section: 50 USDT

2. Flash Mini Game: 600 USDT

3. Post-AMA Quiz: 1,350 USDT

. . .

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