Trade SWEAT/USD
Sweat Economy / US Dollar
Sweat Economy is a move-to-earn platform that rewards users with SWEAT tokens for walking and physical activity, built on NEAR Protocol as the blockchain layer for the Sweatcoin fitness app.
Specifications
About Sweat Economy (SWEAT/USD)
Sweat Economy is the blockchain extension of Sweatcoin, a fitness rewards app with over 120 million downloads that pioneered the concept of converting steps into a digital currency. In September 2022, Sweatcoin launched SWEAT on NEAR Protocol, allowing existing users to convert accrued Sweatcoins into on-chain tokens in one of the largest mass token distributions in crypto history, over 13 million wallets were created at launch. SWEAT can be earned by walking, staked for rewards, and used within the Sweat Wallet app for challenges and savings features. The protocol uses NEAR’s low-fee infrastructure to make micropayments for steps economically viable at scale. SWEAT/USD on StoicFX is a CFD, no SWEAT tokens are purchased or held on your behalf.
Key Price Drivers
- Active user base, daily wallets, and total steps driving SWEAT emissions
- NEAR Protocol network performance and ecosystem grant activity
- Move-to-earn narrative cycles and renewed interest in fitness-linked crypto
- SWEAT emission controls, staking APY, and per-step minting rate adjustments
Peak Trading Hours
Smaller-cap altcoin CFDs trade around the clock on StoicFX MT5. Volume follows broad crypto market patterns and peaks during US and European hours, though individual tokens may see activity spikes tied to project-specific catalysts.
US and European business hours (13:00-21:00 UTC)
Smaller-cap tokens can experience higher percentage moves than large-cap cryptos. Liquidity may be thinner during off-peak hours, and spreads can widen accordingly. Available on MT5 from Monday 00:00 to Friday 23:59 UTC.
How to Trade SWEATUSD on StoicFX
Open an Account
Register for a live or demo account in minutes.
Fund Your Account
Deposit via bank transfer, card, crypto, or e-wallet.
Find SWEATUSD in MT5
Open MetaTrader 5, search for SWEATUSD in Market Watch, and add it to your chart.
Place Your Trade
Set your lot size, stop loss, and take profit, then execute your order.
FAQ
How does SWEAT’s step-to-token mechanism work?
Users download the Sweat Wallet app, which connects to their phone’s step counter or a wearable device. The app validates steps through a proprietary algorithm designed to filter out non-walking motion like driving or phone shaking. Validated steps are converted into SWEAT at a rate that decreases as more SWEAT is minted globally, early users earn more per step than later adopters. Tokens are held in a self-custody NEAR wallet within the app.
Why did Sweat Economy choose NEAR Protocol over other blockchains?
NEAR Protocol was chosen for its near-zero transaction fees, which make it economically viable to mint small token amounts for individual step counts without fee costs exceeding the reward value. NEAR also uses a sharding architecture called Nightshade that scales horizontally, which matters when millions of users simultaneously earn tokens from steps. Sweat Economy’s launch helped NEAR achieve one of its largest single-day wallet creation events.
How does Sweat Economy differ from STEPN?
STEPN requires users to purchase NFT sneakers as an entry barrier to earn tokens, creating a pay-to-earn model with higher upfront costs and Ponzi-like dynamics that contributed to its sharp price decline in 2022. Sweat Economy is free to join, anyone with a smartphone can earn SWEAT by walking without any initial investment. This free-to-earn model gives Sweat Economy a more sustainable user acquisition path and broader demographic reach, though it also results in higher token emission pressure.
If I trade SWEAT/USD on StoicFX, do I hold any SWEAT tokens?
No. SWEAT/USD on StoicFX is a Contract for Difference. You trade SWEAT’s price against the US dollar without holding any tokens. To earn SWEAT through steps or stake tokens in the Sweat Wallet app, you would need to use the Sweatcoin or Sweat Wallet application directly.
Start Trading SWEAT/USD
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CFDs are complex instruments and carry a high risk of rapid capital loss due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.