What blockchain is sweat building on?
Sweat is one of the more interesting new blockchain projects on the markets. Its move-to-earn mechanic allows users to generate SWEAT coins by walking, jogging and exercising. The project raised over $13 million through 2022, which shows that there is a large community behind it.
The platform aims to motivate users to stay active, and make them healthier and richer at the same time. The SWEAT currency was launched on September 12, which rewards all early investors with another batch of SWEAT tokens that match their initial investment. Let’s see more about the technology behind SWEAT, as well as the best alternative projects that are likely to result in high gains by the end of the year.
How does Sweatcoin work?
Anyone can start making SWEAT coins by moving, but only after creating a Sweatcoin account. You just need to download the Sweatcoin app and follow the instructions to get started. After entering the usual information, you’ll also need to link your account to the device you’ll be using to track your progress.
The app can be used on Android smartphones, an iPhone or an Apple watch. The app uses GPS to track your movement and calculate your results. The sensors in your device record steps every time you start moving. Keep in mind that the app isn’t as accurate when using a treadmill, so it’s best to use it outdoors. Now to come to the part everyone wants to know more about. The app will reward you with 0.95 SWEAT tokens for every 1000 steps you take. The tokens will appear on your Sweat wallet. You still can’t make money from tokens, but you can exchange them for a prize from the Sweatcoin market.
Once the app goes live, users will be able to exchange Sweatcoins for SWEAT tokens which will reach most major CEX listings by the end of the year.
NEAR Blockchain Behind SWEAT
SWEAT builds its entire platform on top of the NEAR blockchain. That means SWEAT tokens are NEP-141 tokens, but they also work on Ethereum as ERC-20 tokens. However, Sweatcoin first talked about building a dedicated digital format to be called Walkchain. The new technology should increase tracking accuracy. If you check the official SWEAT lite paper right now, there is no mention of the new blockchain, so it is likely that SWEAT dropped the plan due to high costs and long development times.
Sweatcoins and SWEAT show some promise for the future, but there is still a lot of work to be done before users can exchange tokens on the markets. Therefore, we will give you a few options that are likely to lead to high returns by the end of the year.
Best New Blockchain Opportunities to Invest in 2022
The crypto markets lost 2/3 of their market value after the crypto crash earlier this year. Most established digital assets are struggling to survive in the new climate, but a few blockchains are designed to thrive in such a situation. Here are the top three choices and more information about each one.
- Tamadoge – New Meme coin with high profit potential
- Battle Infinity – Revolutionary Blockchain Fantasy Sports Game
- Lucky Block – Decentralized competition platform
New blockchain projects with the highest profit reviewed
1. Tamadoge – New Meme coin with high profit potential
Tamadoge built a big buzz around itself in the last few months. It’s the latest addition to the meme coin ecosystem, and it’s likely to change the way we think about these tokens. Tamadoge has many advanced features to offer, including high-end tokenization, games to earn money, embedded NFTs, and a living metaverse.
Designed according to industry best practices, the project offers an impressive mix of features and design solutions. It’s loosely based on a popular game from the early 90s called Tamagotchi, and it also puts the player in the role of a digital pet trainer. All pets act as NFTs and if you forget them, they can die and you will lose them forever. But as you play the game, your pets get stronger, learn new skills and become more valuable. Of course, you can sell, buy and trade pets in the Tamadoge Pet shop using TAMA tokens.
Unlike other meme coins that have poor token utilization and an infinite number of tokens in circulation, Tamadoge only offers 2 billion pre-mined tokens. Also, 5% of all tokens used in a month will be burned regularly to reduce the supply and increase the price. The Tamadoge presale was a huge success, raising over $19 million months ahead of schedule. It has recently been listed on the OKX exchange and is set for LBank listing later this week!
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2. Battle Infinity – Revolutionary Blockchain Fantasy Sports Game
Battle Infinity is another excellent blockchain project with a unique approach to crypto markets. It is the world’s first blockchain sports fantasy game set in a metaverse with features such as a built-in NFT store, DeFi elements, a fantasy sports league called the IBAT League and more. The platform’s native token called IBAT is required for any in-game transaction, giving it excellent utility.
The core of the game revolves around building a fantasy sports team and battling against other teams in the Battle Arena. All team members act as NFTs, allowing players to trade them using IBAT tokens. All players will get a chance to participate in the IBAT Premier League, and the most successful teams will be rewarded with extra IBAT tokens.
The platform also offers a few passive income options, including renting virtual billboards, with more on the way. IBAT tokens are already available on LBank and should appear on many other CEXs soon. The tokens have already gained over 700%, making them one of the best investment options in 2022.
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3. Lucky Block – Decentralized competition platform
Finally, Lucky Block is the third entry on our list of the best alternatives to Sweatcoins. It is the fastest cryptocurrency to reach a market cap of $1 billion, and it is the world’s first fully decentralized NFT competition platform. Lucky Block organizes daily prize draws in a decentralized manner, ensuring that all players have the same chance of winning. The LBLOCK token acts as the utility and is used to purchase tickets to participate in the draws.
The project underwent a complete overhaul recently, introducing the new LBLOCK V2 coin, which is an ERC-20 token. The original LBLOCK coin is built on the Binance Smart Chain, so it could not be listed on CEXs. However, after moving to the new blockchain, LBLOCK tokens became available on Gate.io, MEXC and LBank. LBLOCK tokens gained over 7000% since their release in early 2022, making Lucky Block one of the best new cryptos to invest in.
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Conclusion
It is becoming clearer that the entire crypto industry is changing. New projects such as Sweat, Tamadoge, Battle Infinity and Lucky Block facilitate features such as play-to-earn mechanics, metaverses and many other modern technologies to create a gaming experience of the future. Invest in any of these projects and you can enjoy high returns in the near future.
