SWEAT achieves 30% reduction in $SWEAT minting following tokenomics DAO upgrade

Over 150K+ users voted in the latest DAO Proposal. What has it achieved?

TL:DR, 30.74% average decrease in minted $SWEAT per week!

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Redefining $SWEAT’s Minting Window

We’re all about getting you moving and earning for your efforts. After listening to the community feedback about $SWEAT Minting Window, we put a huge proposal forward.

Here’s how we got here.

Now let’s get to the results:

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Vote Outcome

• 70% (108K) voted to change the Minting Window
• 30% (46K) voted to stay the same
• A total of 154,145 Unique Voters in just two weeks!

As a result, we hope that this Minting Window change motivates our users to take those extra steps!

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How does this affect the ecosystem?

The biggest question we’ve been getting is what has changed since the minting window upgrade: has more or less $SWEAT been minted since the Minting Window shift?

Let’s go back a bit.

$SWEAT is minted by your movement, specifically, your steps! By shifting the minting window and only minting $SWEAT after 3,000 steps, we projected that we’d see a 30% decrease in the amount of $SWEAT minted.

You can check out the full proposal and results here.

As you know, crypto supplies are a hot topic — If the amount of $SWEAT minted decreases, that means there is less $SWEAT supply emissions each week.

To project a 30% decrease in projected minting emissions, we looked at a number of factors such as:

• Amount of Actively Minting Users
• Current Minting Difficulty (Per $SWEAT)
• Amount of steps taken per user

So of course, we knew that the actual number of minted $SWEAT could fluctuate.

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Tokenomics Win!

Before the new Minting Window came fully into action on August 1st, 2024, the collective SWEAT community minted ~9M $SWEAT each week on average.

Now, let’s take a look at the current figures.

• Week 1: 6,211,637.35 $SWEAT
• Week 2: 6,253,866.41 $SWEAT

Just two weeks in and we’re already at a 30.74% decrease in minted $SWEAT per week on average, which is exactly what the projected data showed would occur!

A major win by the SWEAT community.

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Got any questions? Don’t hesitate to head to our Discord to chat with David, our Head of Community.

The Sweat Team

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