In this post, where we are going to see how you can buy Sweat Economy in an easy, simple and fast way. Without complications, so you can be the owner in a few minutes of this cryptocurrency.
After seeing the step by step you can also find additional information about this cryptocurrency and how it works to have more information before owning this token. So let’s see how you can get your hands on Sweat Economy without any difficulty.
Where to buy Sweat Economy
For this, I am going to use two platforms, Binance and gate.io, where you can find all the links below. You can see below a step by step video on how to do it. If not, you will also find a step by step in this article so you won’t get lost at any time. If you don’t have an account with any of these platforms you can create one by clicking below.Â
We will use Binance to deposit funds and send them to gate.io, as it is the most economical way to do it and once we have the funds in gate.io we will be able to buy this cryptocurrency.Â
Step by Step
Sweat Economy is currently found in few exchanges, and you can also use Uniswap as a decentralized exchange, although you will find high ethereum fees to buy it ranging from $20 to $300 or more for just buying the cryptocurrency. Therefore, the best option is to use the centralized exchange gate.io that has this cryptocurrency listed.
The first thing we have to do is to deposit funds in our gate.io account. In order to have funds in gate.io, the best option is to send them from another Exchange, since the platform does not have the option to buy cryptocurrencies with credit card or wire transfer. For this, I am going to use binance, and I am going to send tether (USDT), since it is the cryptocurrency we are going to need to buy Sweat Economy.
In my case, I already have USDT in my binance account, but you can see a guide on how to get usdt here. With the usdt, we go to wallet, spot wallet and click withdraw.
Now we must go to gate.io, and go to deposit. Here, we click on the tron/TRC-20 network, as it has the lowest commissions and only costs one dollar commission. We copy the address and paste it into binance.Â
Once in binance, we indicate the address, the tron network, trc-20 and the amount to withdraw the usdt. We confirm with our email and mobile, and that’s it. Remember to indicate the trc-20 network to save on commissions and not have any problems.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
At this point, you must wait for the USDT to appear in your gate.io balance, it usually takes a few minutes until you have it ready to use. Once they appear, go to my funds, search for usdt or tether and click on trade.
You will see the panel for buying and selling cryptocurrencies. Here, search for SWEAT, and you will see the SWEAT/usdt pair.Â
We go down and indicate the amount we want to buy Sweat Economy. Here, if you want to use all your usdt, simply click on the number above and the total will be placed. At the top in Price you will see the current price of the cryptocurrency. You can also indicate the last price +1%, +3% or plus 5%. I recommend you to indicate the last price +1% so that the purchase is made instantly as you can see below. Otherwise, at the current price it may take some time to complete the purchase.
Once you have indicated the amount you want to buy, you only need to click on the buy button and enter the trade password for the purchase to be executed.Â
In this simple way, you will already own Sweat Economy if you follow these steps, and to check it, you can go again to my funds to see the amount you have. Once you want to sell it, just go back to the same panel above, but this time we will go to the red sell button. We indicate the amount we want to sell, and click on sell. This way, you will be able to have USDT again and send it to binance to withdraw it to your bank account.
Let’s summarize the steps we have just seen:
- Deposit funds in Gate.io (Directly or through Binance)
- Click on trade in your USDT or go to trade and spot.
- Here, look for SWEAT at the top right and click on the SWEAT/USDT pair.
- Go to the center and indicate the amount you want to buy
- Click on Buy SWEAT
- You will have your new cryptocurrency
Platform: Gate.io
Min. Deposit: $10
License: Cysec
New cryptocurrencies (ICO’s)
Growing exchange
FAQS
In this guide we have seen how you can buy Sweat Economy with Binance and Gate.io, but there are other platforms to buy this cryptocurrency. To find out where you can buy Sweat Economy, it is as simple as going to coingecko or coinmarketcap and search for the cryptocurrency.
Once there, click on markets, and you will see all the platforms that have this cryptocurrency listed. To save you time, you can see the main platforms in the image below.Â
Currently there are no platforms focused solely on buying and selling cryptocurrencies where you can deposit funds with PayPal. Therefore, the only way to buy SWEAT with PayPal is to use a platform that has cryptocurrencies and other assets such as stocks.
The only platform we have been able to find with these features is eToro. Which allows you to deposit funds using paypal, and subsequently you can buy SWEAT within the platform. If you don’t have an etoro account, you can create one here.
Note that in etoro you will not be able to withdraw SWEAT from the platform, as it happens in cryptocurrency platforms such as Binance, KuCoin or Coinbase.
To sell Sweat Economy, it is really very simple. You only have to perform the same steps as we have seen when buying, but go to the red sell button.
Look for the SWEAT/USDT pair, and click on it. Go down to the center, and go to the red sell side. Enter the amount you want to sell Sweat Economy and exchange for USDT. Click on sell and you are done. You will have sold your SWEAT and you will have USDT again.
Now with the USDT, if you want you can exchange them for your currency and withdraw the money to your bank account, or use the USDT to buy another cryptocurrency.
To withdraw Sweat Economy to your wallet, either in metamask or another wallet, you can follow the steps below:
- Go to wallet and wallet spot.
- Search for SWEAT and once it appears, click on withdraw.
- Now you will see the Gate.io withdrawal panel.
- Open your wallet, and copy the address where you will send your tokens. In metamask, by clicking above under the name, you can copy the wallet address.
- Indicate the correct network where to send the tokens. It is the same network you use in the wallet.
- Enter the amount and check all the information.
- With everything correct, click on withdraw and confirm with the confirmation codes.
- Your SWEAT will be on its way to your wallet.
In case you still have any doubts, you can visit this more detailed guide on how to withdraw funds in Gate.io.
In case you want to withdraw your funds to another platform, for example from Gate.io to KuCoin, the process is the same as we have seen in the wallet, with one difference.
In the step of opening the wallet to copy the address, in this case we will have to open the platform where we want to send the tokens. Here, click on deposit, and select Sweat Economy. Select the network you want to use to send the cryptocurrency, and you will see the address to copy.
With the copied address, go back to Binance and paste it. Indicate the same network as in the other platform. The other steps are the same as we have seen when withdrawing to your wallet.
In case you still have doubts, you can visit this more detailed guide on how to withdraw funds on Gate.io.
If you want to have your SWEAT in the safest possible way, the best thing to do is to have them in a hardware wallet. In my case I used Ledger, and you can buy it here.
Ledger is the most used hardware wallet in the world and it will give you full control of your funds. It avoids the risk that they can hack the platform where you have your tokens, or even hack your computer and have access to your wallet. With a hardware wallet, without the physical object they will not be able to move your funds.
What is Sweat Economy?
Betting and Rewards Club
Receive attractive returns on your SWEAT
Users with higher wagers have access to better rewards, along with optimized app experiences, including lower transaction fees, premium services and higher daily SWEAT minting limits.
Fiat on-ramp
Purchase SWEAT with a debit/credit card.
Other cryptocurrencies will be added to the app soon.
NFTs and games
A fun and casual game where users go head-to-head to win SWEAT.
We have designed Sweatcoin
to encourage people to
to move.
With more than 110M users, walking 20% more after downloading Sweatcoin
and 600 partners providing, in Q1 2022 alone, $70M in goods and services in exchange for steps.
goods and services in exchange for steps, you could say “mission
mission accomplished.
We say we are just getting started.
The mission remains the same: to reward the movement to inspire a healthier, richer planet.
healthier and richer planet. Tokenization, however, changes everything.
What was regional, becomes global. What was centralized, becomes permissionless. What was a closed economy becomes a world where every step coins a token that can be exchanged, redeemed and applied to many new use cases. We call this…
One small step for man…
We have created a whole new way of earning, a whole new value creation mechanism. Everyone has an equal right to earn, and contribute to the new economy.
SWEAT increases physical activity, but we don’t want to claim that SWEAT “causes” a healthier world. The relationship between health and physical activity is one of correlation, not causation.
When people become more physically active, they are more likely to improve their health in other areas. SWEAT can set in motion that positive feedback loop for people’s physical and mental health.
Consider that to be the goal of SWEAT. We want to get people moving because we hope that by incentivizing a factor that contributes to overall wellness, we can help bring that wellness to more people.
Stepping on the gas
Initially, SWEAT will be available to users who can download the Sweatcoin app. At the beginning of the first quarter of 2022, Sweatcoin had 65 million users; in August it was 110 million. The number of users is growing rapidly, and we expect this to continue, as we have just started our global expansion plan by increasing the countries in which the app is available from 75 to 160.
For the SWEAT token generation event, we anticipate a minimum of 137 million users.
a minimum of 137 million users.
The token generation event. The Sweat Foundation will make an offer so that every Sweatcoin user can opt to claim 1 SWEAT for every sweatcoin they have in their wallet, without burning their sweatcoins. The TGE will take place in the third quarter of 2022. At the TGE, the Sweat Foundation will mint enough SWEAT to match the sweatcoins of those users who have opted in.
Talk for talk’s sake
Sweatcoin’s success has validated the product’s market fit. That a centralized, regional, “walled” currency with a limited range of rewards has gained so much popularity attests to the strength of the product, and the simple fact that people love earning rewards for their steps. It’s an offering that has appealed to brands, institutions and users alike.
About Sweat Economy
Sweat Economy shares the principles of Sweatcoin, but leverages DeFi, NFTs and decentralized governance to unlock new value, which is returned to the user.
Token design
SWEAT is minted solely through verified movement. Therefore, a number of users increases the minting “(steps). An increase in users increases the “input”. A change in user habits – all users walk more for intent and rewards – causes the input to increase exponentially.
Each SWEAT will require more steps to coin than the last.
To achieve our vision of making the world more physically active, SWEAT will be harder to mint over time. This not only incentivizes users to move now, as their movement generates more SWEAT today than tomorrow, but preserves the utility of SWEAT, as the model represents a marginal cost of marginal cost of production.
The open economy of motion is enabled by SWEAT. It is a new market, a new economy, anywhere, can be rewarded in increasingly attractive ways, for any form of physical activity.
Platform: Gate.io
Min. Deposit: $10
License: Cysec
New cryptocurrencies (ICO’s)
Growing exchange
