Learning the friendly way

Built on the idea that movement has value, SWEAT turns your daily steps into digital currency. Whether you’re heading to the coffee shop or chasing your dog around the park, this app quietly rewards you for staying active, a novel approach to merging fitness and crypto.

This revolutionary approach to fitness motivation is being called "Move-to-Earn" (M2E) technology. Built on the foundation of the popular Sweatcoin app, which has attracted over 120 million users worldwide, SWEAT transforms your daily steps into actual crypto that holds real-world value.

The concept is beautifully simple: the more you move, the more SWEAT tokens you can earn. But unlike traditional fitness apps that offer points or badges, SWEAT tokens can be traded, staked for additional rewards, or used to purchase real goods and services. It's part of the broader Sweat Economy – an ecosystem designed to make healthy living financially rewarding.

For the realists wondering how this is made possible, let’s get into it. 

How does Sweat Token work?

The intriguing concept behind SWEAT lies in its seamless integration between physical activity and blockchain technology. Here's how the system operates:

Step Tracking and Verification 

The Sweatcoin app uses your smartphone's built-in sensors or connected wearable devices to track your steps. Using sophisticated algorithms to verify that your movement is genuine, it distinguishes between actual walking and artificial movement like shaking your phone.

Minting SWEAT Tokens 

Once your steps are verified, the app converts them into SWEAT tokens through a process called "minting." Initially, users could mint 1 SWEAT token for every 1,000 verified steps. However, this rate gradually decreases over time as part of the tokenomics design to maintain scarcity and value.

Blockchain Integration 

SWEAT operates on the NEAR Protocol blockchain, known for its speed and low transaction fees. When you mint SWEAT tokens, they're automatically transferred to your Sweat Wallet – a built-in crypto wallet that makes managing your tokens straightforward, even for crypto beginners.

Unlike other Move-to-Earn platforms that demand expensive NFT purchases to get started, SWEAT is free to begin earning.

Sweat Token tokenomics explained

Let’s take a look at SWEAT’s launch and distribution, total supply structure, minting decay schedule and burning mechanisms. Understanding SWEAT's economic model helps evaluate its long-term potential:

SWEAT launched in September 2022 with no initial coin offering (ICO) or pre-sale. Instead, SWEAT were distributed 1:1 to pre-existing Sweatcoin users via a token generation event, with a total supply capped and a minting schedule that decays over time to ensure scarcity.

Initially, 1,000 steps yielded 1 SWEAT, but this rate has reduced (e.g. ~0.33 SWEAT after one year, with plans for further reductions). 

And lastly, the ecosystem includes staking rewards that encourage holding tokens rather than immediate selling. Additionally, certain activities may burn tokens, removing them from circulation permanently.

Sweatcoin vs SWEAT

This distinction often confuses newcomers, so let's break it down clearly:

Sweatcoins are the original in-app currency that Sweatcoin users have been earning since 2016. These points exist only within the Sweatcoin app and can be spent in the app's marketplace on various products and experiences.

SWEAT tokens, launched in September 2022, are actual cryptocurrency that exists on the blockchain. They have real market value and can be traded on trading platforms, staked for rewards, or used across the broader Sweat Economy ecosystem.

Think of Sweatcoins as arcade tokens that only work in one specific arcade, while SWEAT tokens are like actual money that you can use anywhere that accepts them. Both currencies coexist - you can continue earning Sweatcoins for in-app purchases while simultaneously earning SWEAT tokens for broader crypto utility.

Real-world uses of SWEAT Tokens

Let’s explore SWEAT tokens use cases outside of the Sweat Economy ecosystem:

• Marketplace Purchases: The Sweat Economy marketplace offers real products and services that you can purchase directly with SWEAT tokens. From fitness equipment to wellness products, the marketplace continues expanding its offerings.
• Staking for Passive Income: You can stake your SWEAT tokens to earn additional rewards over time. This process involves locking up your tokens for a specified period in exchange for earning more SWEAT tokens as interest.
• Charitable Donations: The platform enables users to donate their SWEAT tokens to various charitable causes, adding a philanthropic dimension to one’s daily fitness routine.
• Gaming and NFTs: The Sweat Economy includes gaming elements and NFT collections that can be purchased or earned using SWEAT tokens, adding a gamefying element.
• Brand Partnerships: SWEAT tokens can be used with various fitness and wellness brands that have partnered with the Sweat Economy, expanding the utility beyond the core app.

How to earn SWEAT Tokens

Getting started with earning SWEAT is refreshingly simple:

• Download the Sweatcoin app from your device's app store and create an account. The app will guide you through connecting your step tracking permissions.
• Go about your daily activities - walking to work, taking the stairs, going for a jog, or any other movement that generates steps. The app runs in the background, automatically tracking your activity.
• Each day, you can mint SWEAT tokens based on your verified steps. The current rate varies due to the decay mechanism, but historically started at 1 SWEAT per 1,000 steps.

There are also several other ways to increase your SWEAT earning potential:

• Complete daily challenges and achievements
• Refer friends to join the platform
• Participate in special events and promotions
• Maintain consistent daily activity streaks

The platform implements daily minting limits to prevent abuse, but these limits can be increased through various engagement activities within the app.

Storing and managing your SWEAT Tokens

The easiest way to manage your SWEAT tokens is through the Sweat Wallet, automatically created when you start earning (no setup or technical know-how required). For those who prefer more control, SWEAT can also be stored in any NEAR-compatible wallet, like NEAR Wallet.

Whichever option you choose, security is key. Always enable two-factor authentication and never share your private keys or recovery phrases. While the Sweat Wallet includes built-in protections, staying vigilant is essential.

Where and How to Buy SWEAT Tokens

While earning through movement is the primary method, you can also purchase SWEAT tokens directly through centralised exchanges (CEX) and, for those comfortable with DeFi, on decentralised exchanges (DEX) within the NEAR ecosystem. 

Always research exchanges thoroughly and start with small amounts if you're new to crypto trading.

To stay on the safe side, keep an eye on Tap - an announcement is coming that could put SWEAT firmly on your radar.

Is Sweat Token safe? Looking at security and privacy 

Data privacy 

Sweatcoin has built its reputation on user privacy. The app collects step data and location information necessary for verification, but has implemented strong privacy protections. Users maintain control over their data sharing preferences.

Fraud prevention 

Be warned: the platform uses sophisticated anti-fraud mechanisms to prevent fake step generation. Machine learning algorithms analyse movement patterns to identify and prevent cheating attempts.

What data is collected vs shared 

The app collects step counts, basic movement patterns, and location data for verification purposes. However, personal health data isn't shared with third parties without explicit consent, and users can opt out of data sharing for marketing purposes.

Blockchain security 

Operating on the NEAR Protocol provides inherent security benefits through blockchain technology, including transparent transactions and decentralised validation.

M2E Movement: Sweat Token vs STEPN

Comparing SWEAT to STEPN, another popular Move-to-Earn platform, reveals important distinctions:

Entry Barriers 

STEPN requires purchasing expensive NFT sneakers (often $500-2000) to begin earning, while SWEAT is completely free to start.

Token Utility 

STEPN focuses heavily on NFT trading and upgrading, while SWEAT emphasises real-world utility through marketplace purchases and staking.

Monetisation Approach 

STEPN operates more like a game with complex mechanics, while SWEAT maintains simplicity and accessibility for mainstream users.

The choice between platforms often comes down to whether you prefer high-barrier, high-reward gaming (STEPN) or low-barrier, steady-reward fitness motivation (SWEAT).

Pros and Cons of Sweat Token

Advantages

• Zero Entry Cost: No upfront investment required to start earning
• Health Benefits: Encourages genuine physical activity and wellness
• User-Friendly: Simple interface accessible to crypto newcomers
• Real Utility: Tokens have actual use cases beyond speculation
• Large User Base: Built on proven Sweatcoin platform with millions of users
• Established Partnerships: Growing ecosystem of brand partnerships

Potential Drawbacks

• Token Inflation: Continuous minting may pressure token value
• Earning Limits: Daily minting caps limit earning potential
• Market Volatility: Like all cryptocurrencies, SWEAT price can fluctuate significantly
• Sustainability Questions: Long-term viability depends on user retention and ecosystem growth

Conclusion

Sweat Token combines fitness and crypto by rewarding daily movement with digital currency, making it an accessible entry point into Web3. With no upfront cost and real-world utility through staking and marketplace rewards, it appeals to both fitness enthusiasts and crypto newcomers. Its long-term success will depend on user engagement and expanding utility, but its low barrier to entry and alignment with everyday habits give it strong growth potential.

‍

‍

One of the first stablecoins to come into existence, Dai was launched in 2017 and is maintained and regulated by MakerDAO. Using a series of smart contracts, Dai maintains a value of $1, or very close to it. Due to the coin’s soft peg to the US dollar, the Dai stablecoin not only provides a stable long-term store of value but also a strong medium of exchange. 

Let’s explore what Dai is and how it contributes to the crypto ecosystem. 

What Are Dai tokens?

Dai is an ERC-20-based stablecoin pegged to the US dollar. While more stablecoins hold the fiat currency to which they are pegged in reserves, the Dai stablecoin instead uses several cryptocurrencies to ensure it holds its peg. 

Supported cryptocurrencies include Ethereum (ETH), (BAT), USD Coin (USDC), Wrapped Bitcoin (wBTC), Compound (COMP), and many more. With a wide range of collateralized cryptocurrencies, user risk is decreased and Dai's price stability is increased.

Dai is issued and operated by the Maker Protocol and the MakerDAO (decentralized autonomous organization). Designed to provide a means of lending and borrowing crypto assets, the Dai stablecoin was at the forefront of the DeFi revolution. 

Holders of Dai can also earn interest. The platform also has another coin, MKR, which allows holders to set the Dai Savings Rate (DSR) and act as guarantors for Dai. This ensures that MKR tokens can be liquidated if the system fails. This structure motivates guarantors to ensure that the Dai system and its collateralized coins operate properly.

How do you generate Dai?

Users can generate Dai by paying collateral assets. Dai is created when users deposit ETH or any supported cryptocurrency as collateral. The equivalent amount of Dai is then issued and the user will receive Dai tokens.

If the Dai holders want the collateral assets back, the borrowed Dai can be paid back (plus a stability fee) and the collateral assets will be released. This Dai is then removed from circulation.

History of the Dai Stablecoin

The MakerDAO was first launched in 2015 by Rune Christensen and is the longest-running protocol on the Ethereum blockchain to date. It holds more than 2.3 million ETH in its protocol, approximately 2% of Ethereum’s total supply.

When first created, only Ether could be used as collateral, however, in 2019 more cryptocurrencies were added to this list. The Dai price has always been soft pegged to the US dollar.

How Does DAI Work?

The Dai cryptocurrency is an ERC-20 token that can be bought on both centralized and decentralized exchanges (DEXs). Users can also generate and borrow Dai by using MakerDAO's Oasis Borrow dashboard to establish a Maker collateral vault and put Ethereum-based assets in as collateral.

In its original use, the Maker protocol stored collateral in smart contracts known as maker collateral vaults. These smart contracts held collateral in escrow until the borrowed Dai was repaid, also known as collateralized debt positions (CDPs). The value of the security you send always exceeds the amount of DAI you receive otherwise the collateral will be liquidated. 

The Dai platform is one of the most integrated digital assets in the blockchain industry and can be utilized across decentralized finance (DeFi) applications and blockchain-based games, among other places.

The Advantages of DAI

No Minimum Amount Required

There is no minimum account balance required to use DAI, as there is with most other types of money. A lot of people around the world do not have the minimal amount of assets needed in order to qualify for a bank account, but there is no minimum balance requirement for utilizing DAI.

Price Stability

DAI can serve as a safe alternative store of money and access to financial inclusion for people who live in places where the economy is unstable.

Decentralized Financial Inclusion (smart contracts)

As DAI is a transparent and permissionless system, it allows users to have greater freedom over their money. Zimbabwe and Myanmar, for example, have been recognized as countries where people are limited in their ability to access fiat currency due to daily or monthly withdrawal restrictions on bank accounts imposed by the government.

Passive Income

Users can use DAI tokens to earn money through lockup and interest generation through the DAI Savings Rate system. Because DAI is based on the Ethereum blockchain, it doesn't have its own staking mechanism.

Owners of DAI tokens, on the other hand, may profit by putting DAI into a MakerDAO smart contract. This unique smart contract system protects the user's money and allows for immediate withdrawal.

Quick And Cost-Effective Transactions

In many cases, international wire transfer fees can be extremely high, and the time it takes to complete a transaction might be inconvenient. Global transactions between two users' wallets are made more transparent and efficient due to DAI's low transfer fees and quick processing times.

Operates 24/7

Traditional financial institutions operate only during "business" hours. As a result, transactions through such organizations may be delayed for days and will only finalize after banking institutions are open and transfers have been completed. Transactions can now be completed at any time of the year and on any day of the week using DAI and the Ethereum blockchain.

Continuously Vetted

The MakerDAO system has been found to conduct thorough checks and studies in order to guarantee the platform's security. Developers formally validate all smart contracts and core protocol elements that make up the system's internal architecture through mathematical analysis. Always DYOR (Do Your Own Research) and fully understand any DeFi protocol before using it.

The way money moves is changing fast: digital currencies have evolved from investment assets to practical tools for daily transactions. With big names like Microsoft, AT&T, and Starbucks now accepting crypto payments, mainstream acceptance is officially on the rise.

Why businesses are making the switch

Financial efficiency

Traditional payment systems often have drawbacks: high fees, processing delays, and complicated international transfers. Cryptocurrency helps solve these issues by offering:

• Near-instant settlement times
• Minimal transaction fees, especially for cross-border payments
• No currency conversion costs
• Reduced operational overhead

Enhanced security architecture

The underlying blockchain technology provides businesses with unprecedented security benefits:

• Immutable transaction records
• Distributed verification systems
• Protection against unauthorised reversals
• Reduced risk of payment fraud

Market expansion opportunities

By accepting cryptocurrency, businesses can:

• Tap into the growing crypto-native consumer base
• Reach underbanked populations globally
• Operate in international markets without traditional banking constraints
• Appeal to privacy-conscious customers

Implementation guide: accepting crypto payments

Step 1: Choose your integration method

• Direct wallet-to-wallet transfers
• Payment processor integration
• Hybrid solutions with automatic conversion to fiat

Step 2: Set up your infrastructure

• Create business cryptocurrency wallets
• Implement QR code generation systems
• Establish transaction verification protocols
• Train staff on handling crypto payments

Step 3: Customer experience design

• Clear payment instructions at checkout
• Multiple cryptocurrency options
• Transparent fee structure
• Real-time exchange rate display

With Tap’s Business Accounts we will assign a dedicated account manager to you who will run you through each of these steps making the transition incredibly smooth. 

Strategic advantages

Risk management

• Protection against chargebacks
• Reduced exposure to payment fraud
• Built-in transaction verification
• Immutable payment records

Operational benefits

• Automated payment processing
• Reduced administrative overhead
• Simplified international transactions
• Real-time settlement

Financial planning

• Potential tax advantages (varies by jurisdiction)
• Inflation hedge through crypto assets
• Reduced payment processing costs
• New revenue stream opportunities

Customer transaction process

1. Selection: Customer chooses cryptocurrency payment option
2. Verification: System generates unique payment address or QR code
3. Transfer: Customer initiates payment from their digital wallet
4. Confirmation: Transaction is verified on the blockchain
5. Completion: Payment is settled and order is processed

Future-proofing your business

The adoption of cryptocurrency payments isn't just about staying current - it's about preparing for a future where digital currencies play an increasingly important role in global commerce. Businesses that integrate these payment systems now gain:

• First-mover advantage in their market
• Experience with blockchain technology
• Enhanced appeal to tech-savvy customers
• Operational flexibility for future expansion

Privacy and transparency balance

One of cryptocurrency's unique features is its ability to provide both privacy and transparency simultaneously:

• Transactions are publicly recorded but pseudonymous
• Customer personal data isn't required for processing
• Audit trails are automatically maintained
• Regulatory compliance is simplified through built-in tracking

Looking ahead

The crypto revolution isn't just changing how we think about money – it's transforming how businesses operate. Forward-thinking companies integrating digital currencies are doing more than just adding another payment option; they're positioning themselves at the cutting edge of a new financial era.

Think of cryptocurrency adoption like the early days of e-commerce. What seemed optional in the late '90s quickly became essential for survival. We're seeing similar patterns with digital currencies, where early adopters are gaining valuable experience and competitive advantages while others play catch-up.

The real power of crypto payments extends far beyond transactions. They're unlocking new business models, breaking down international barriers, and offering unprecedented financial flexibility. For businesses eyeing global expansion or looking to reduce transaction costs, crypto isn't just an alternative – it's becoming a strategic imperative.

The decision to accept cryptocurrency payments should be based on your business's specific needs and goals. But let's be practical: timing matters. Your business's unique circumstances – market position, customer base, technical capabilities – should guide your implementation strategy. While the question of adoption is shifting from "if" to "when," rushing in without proper preparation could do more harm than good.

Smart implementation means integrating crypto alongside your existing payment infrastructure. Think of it as expanding your payment ecosystem rather than replacing it. Your customers should have choices, whether they're crypto enthusiasts or prefer traditional payment methods to ensure maximum customer accessibility and business flexibility.

‍

We’re excited to share that XTP trading is officially back online in the Tap app!

Following the successful integration of ProBit, a trusted exchange that continues to support XTP, users can now trade seamlessly within the app once again. This marks an important step in restoring access and strengthening the trading experience for our community

We know that waiting isn’t always easy, and we want to sincerely thank you for your patience and continued support throughout this transition. Your trust drives everything we do.

As always, we’re working behind the scenes to bring you more ways to access and use XTP, stay tuned for what’s next.

The Tap team.

We want to inform you that XTP trading will be temporarily paused starting today on the Tap app. We’ll be temporarily pausing XTP trading on the Tap app. This short pause will give us the time we need to complete the integration of ProBit, an exchange that continues to support XTP trading.

We sincerely apologise for any inconvenience caused by the Bitfinex delisting. XTP was removed alongside several other major tokens, and the short notice left limited time to implement an alternative solution. We moved quickly, and the integration with ProBit an exchange that supports XTP is already in progress.

Here’s what you need to know:

• XTP trading will be paused for a few days
• We’re integrating ProBit into our trading engine
• Once that’s done, XTP trading will resume as usual in the app
• We’re also in active talks with several other exchanges to expand access to XTP

We know how important XTP is to many of you, and it’s at the heart of the Tap ecosystem. Thank you for your patience and continued trust. We’ll keep you updated and let you know the moment trading goes live again.

The Tap Team

Kryptovärlden är sällan förutsägbar, och 2024 har inte gjort någon besviken. En ny kategori har snabbt seglat upp i rampljuset: PolitiFi – politiskt inspirerade memecoins. Med en tillväxt på otroliga 782,4 % på bara åtta månader har dessa tokens lyckats få nästan lika mycket uppmärksamhet som själva valet.

Som jämförelse lyckades mer “traditionella” memecoins bara växa med 90,2 % under samma period. Oavsett politisk åsikt är en sak tydlig: det är aldrig tråkigt i kryptobranschen.

Vad är PolitiFi?

PolitiFi-tokens är memecoins som hämtar inspiration från kända politiska personer och händelser – ofta med en dos ironi eller satir. De allra flesta är dock inte officiellt kopplade till några riktiga politiker. Likt andra memecoins drivs deras värde framför allt av spekulation, community-engagemang och vad som för tillfället trendar i nyhetsflödet.

Från noll till 2,1 miljarder dollar

Det som började som en nischad blandning av politik och krypto har snabbt vuxit till en marknad värd 2,1 miljarder dollar (november 2024). Även om det bara utgör cirka 1,77 % av hela memecoin-marknaden visar PolitiFis snabba tillväxt hur snabbt nya kryptoteman kan fånga uppmärksamhet – och kapital.

När politik möter blockkedjan

Det som skiljer PolitiFi från andra tokens är dess snabba reaktion på verkliga politiska händelser. När Donald Trump vann de republikanska primärvalen i Iowa i januari, steg exempelvis MAGA (TRUMP) med 79,1 % – på ett enda dygn.

Liknande rörelser har setts vid allt från rättsfall till hälsorelaterade nyheter. När Joe Biden fick covid-19 föll Jeo Boden (BODEN) med 27,3 %, medan ett attentatsförsök mot Trump fick MAGA (TRUMP) att rusa uppåt med 41,2 %.

Från skämt till ett nytt ekosystem

Även om många PolitiFi-coins började som skämt har vissa utvecklats till något mer. MAGA (TRUMP) är ett exempel där en del av transaktionsavgifterna går direkt till Trumps Ethereum-plånbok och relaterade välgörenhetsorganisationer – ett nytt, om än ovanligt, sätt att kombinera krypto med politisk finansiering.

Kan PolitiFi vara en ny form av politiskt uttryck?

Om detta är en tillfällig trend eller början på ett nytt sätt att engagera sig politiskt återstår att se. Men just nu erbjuder PolitiFi ett nytt sätt att kombinera finansiell spekulation, politiska åsikter och gräsrotsfinansiering – ofta initierat direkt av communityn.

I takt med att digital ekonomi, samhällsengagemang och politisk aktivism allt mer smälter samman, kan dessa tokens peka på en ny era av politiskt deltagande. Om det här är nästa stora grej eller bara ännu ett kapitel i kryptons färgstarka historia – det återstår att se.

Men en sak är säker: i kryptovärlden är det oväntade snarare regel än undantag. Och just det gör det hela så fascinerande.