$SWEAT Tokenomics Upgrade: DAO Proposal Accepted

SWEAT has always had a passionate community. We’ve known this since we started way back in 2015, and especially since we broke the world record for the amount of Unique Users voting in a DAO, twice.

This time, you did not fail to impress! Over 150,000 users cast their vote on the Minting Window update. Here’s the results:

• 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!

We’re all about getting you moving and earning for your efforts. We listened carefully to community feedback about the current $SWEAT minting window, particularly that it might not be fairly rewarding those who truly get their sweat on.

As a result, we hope that this Minting Window change motivates our users to take those extra steps! Plus, the completed DAO vote is expected to result in a 30% reduction in monthly $SWEAT minting*, shaping the future and value of $SWEAT!

*Note, all data is based on the amount of currently Minting Users, and their activity levels. This does fluctuate, so results may vary.

What is the new Minting Window?

Free users: You’ll start earning $SWEAT after walking 3,000 steps and can keep going up to 10,000 steps.Premium users: You’ll also start earning $SWEAT after 3,000 steps, but you can keep going all the way to 20,000 steps to maximize your earnings.

Based on current activity levels, and the amount of walking users, the just-passed proposal is expected to result in a 30% reduction in monthly minting*, shaping the future and value of the token.

What do I need to do next?

Just keep on walking! Don’t forget to open your app and claim your walked-for $SWEAT.

We’ll get to work to implement this Minting Window change as soon as possible. Keep an eye out on our announcement platforms for further news.

We remain committed to your security, as such we spend the time to carefully test all changes made to SWEAT to provide the best experience possible.

The DAO Vote

The SWEAT Community came up with a DAO proposal that would reward active strides.

More Rewarding Activity for Dedicated MoversThe current system rewards steps up to a daily limit of 5K, potentially discouraging those who walk further. The SWEAT Community DAO proposal addresses this by focusing rewards on users who actively move and reach higher step goals. You can find the full proposal details in our previous blog, here.

The vote ended in July 2024, and more than 150K of you voted on the new proposal.

— The Sweat Team

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