By the end of today, Sweat Crypto is expected to have launched, where its more than 100 million users will be able to trade it in select exchanges.
In a statement released by the company on its Twitter account, OKX was listed as the first exchange where Sweat crypto will be available. The crypto is also expected to be available to Bitfinex users, and there is a high likelihood that we may be seeing other platforms listing SweatCoin in the next coming days, weeks and months.
It is expected that the more than 110 million Sweatcoin holders who have used the Sweatcoin platform since it started will be compensated after the launch. These holders, who currently have over 25 billion Sweatcoins, will see their assets matched in Sweat crypto after the launch, meaning they will be able to access their tokens on exchanges such as OKX and Bitfinex.
What is the difference between Sweatcoins and Sweat Crypto?
As stated above, Sweatcoin holders will see their digital assets matched with Sweat, which they can access on their platform. These Sweatcoins are awards that the platform’s more than 100 users have been earning since the platform started by doing outdoor activities such as running and their steps getting counted. Up until now, the Sweatcoin application was awarding its users with a single Sweatcoin for every 1,000 steps they took.
On the other hand, the Sweat token, which will be launched today, is a cryptocurrency that will now replace Sweatcoin. In fact, after the Token Generation Event (TGE), Sweatconi holders with a SWEAT wallet will see their Sweatcoins matched in crypto with the Sweat token with no loss to their existing Sweatcoin.
Sweat crypto Price Prediction
As of now, the Sweat crypto is yet to launch in exchanges. However, by the end of the day, we are expecting it to be trading on many exchanges. There is a high likelihood that, after launch, we may start with a strong bullish push.