As part of its plans to further reward its users, Sweat Economy is holding a contest for all SWEAT token holders. Earlier today, the platform announced the event, stating that only SWEAT token holders could win. The event will confirm Sweat Economy’s position as a user-driven move-to-earn platform.
While the contest idea is welcome, it’s not the platform’s first. Recently, Sweat Economy ran a similar contest with Amazon gift cards. Similarly, only SWEAT token holders were eligible for the Amazon gift card giveaway.
Over the past couple of weeks, Sweat Economy has been involved in some impressive projects. With offers like 400% Annual Percentage Yield (APY) and packages for the Qatar 2022 FIFA World Cup, it’s unlikely the platform will let up. And now it’s here with yet another interesting package.
The catch: $10 Adidas gift cards
As announced, Sweat Economy will be giving away 3,000 Adidas gift cards to people who have made a deposit into its SWEAT Wallet. Each gift card is worth $10, and winners will be selected by the platform. To be eligible, users must wager their SWEAT t0kens in their various wallets.
Although wagering is necessary, it is essential to meet the requirements to have a chance to win. To participate, members must wager 70 SWEAT tokens into Growth Jars. This way, they will have a chance to win redeemable gift cards.
In addition, the event is expected to raise awareness of the Sweat Economy. The platform has done well over time, and offering gift cards will simply attract more members.
What is the Sweat Economy Staking Rewards program?
The Staking Rewards program organized by Sweat Economy is a project in which users can stake their SWEAT tokens in a cash pool. After the platform’s token generation event (TGE), users were allowed to act as liquidity providers. A significant benefit is that they earn profits or returns for every amount of SWEAT they put into play.
In collaboration with the NEAR protocol and Ref Finance, Sweat Economy gave users the opportunity to earn additional rewards on the SWEAT-NEAR pool. While the program was aimed at giving back to the SWEAT community, it also helped raise awareness of the platform. Currently, the Sweat Wallet app is the top-ranked financial app in over 100 countries.
The platform has also offered users a 12% annual percentage yield (APY) as well as a whopping 400% APY on their wagers. This is to offer them the best possible return on investment (ROI). With the introduction of a 50% profit on the purchase and burning of SWEAT, the value of the token is likely to increase.
About Sweat Economy
In the Web3 space, Sweat Economy has become a force to be reckoned with. It is one of the most famous move-to-earn crypto platforms that pays users to stay in shape. It was developed by the brilliant team behind the Sweatcoin app.
Now, every jog, run or walk you do can be recorded and converted into SWEAT tokens. Since the move from Web2 to Web3, Sweat Economy has seen many successes. For example, about 20 million wagers were registered in a single week on the Sweat Wallet application.
Although the main concept sticks to crypto-currencies, users can now buy SWEAT tokens in fiat currency with the Fiat-On Ramp feature. The platform continues to gain notoriety, with over 120 million members on board.
