TechFlow News — Move-to-earn app Sweatcoin is launching in the United States, allowing U.S. users to deposit SWEAT tokens into the Sweat Wallet app and trade them.
The company’s co-founder stated that, following confirmation from legal advisors, the SWEAT token will not be classified as a security by U.S. regulators.
Sweatcoin tracks users’ steps using smartphone data, rewarding one SWEAT token for every 1,000 steps walked. Users can also earn tokens by participating in Sweatcoin’s NFT games and staking SWEAT tokens in “Growth Jars.”
Earlier, Sweat Economy, the developer behind the health and fitness app Sweatcoin, raised $13 million in funding led by Spartan Capital, with participation from Electric Capital, OKX Blockdream Ventures, Goodwater Capital, and GSR Capital.
