Why is Sweat Economy (SWEAT) down? (July 20, 2023)

Sweat Economy is a Web3 project that takes advantage of Blockchain Technology to support users in wellness and fitness. Sweat uses an algorithm developed to count users’ steps and convert them into cryptocurrency. The app uses sensor-based systems such as GPS and Pedometer to track users’ physical activity. Using the Proof of Walk (PoW) mechanism, it converts users’ physical activity into cryptocurrency and records it with Blockchain Technology.

SWEAT is down 0.15% in the last 24 hours. Token unlocks are significant developments in the cryptocurrency ecosystem. Token unlocks affect the supply of a cryptocurrency project. 10,000 SWEAT will be unlocked on July 20. This upcoming event may have adversely affected the price of SWEAT.