SweatCoin Mod Apk Premium Unlimited Coins Download

When we talk about Blockchain Technology and Decentralizing our financing and traditional trading system, Crypto comes into our mind. Since the launch of Bitcoin and other Cryptocurrencies, many enthusiasts around the world believe soon Crypto will take over World's Traditional Financial System and replace country-based fiat currencies such as Dollars, Euro, PKR, INR, etc. 

Talking about the true potential of cryptocurrencies and Blockchain technology, the world's richest man Elon Musk back in May 2021 Said, “The true battle is between Fiat currencies and Crypto and his support is with Crypto.

In the recent few years, crypto growth has been exceptional. However, its growth in terms of the currency that is meant to be spent in exchange for goods and services is negligible. 

In recent times, a decentralized project came to light with exceptional growth as a currency that is meant to be used for the sole purpose of spending on goods and services is called SweatCoin. 

In this article, we’ll do an in-depth overview of What SweatCoin is, it’s tokenomics, and why it is an evolution in the crypto industry.

What is SweatCoin

SweatCoin is an open-source decentralized web 3.0 project built on Ethereum Blockchain that is meant to be used as a currency to purchase goods and services around the globe. Since its launch back in 2016, SweatCoin has been able to attract 110 million users and as per Coingecko data SweatCoin has shown a growth of 20% more people on average compared to its competitors.

Users via Sweatcoin App can purchase anything available in the store, without paying any extra charges or taxes that we normally do while making purchases via the traditional banking system or government-owned institute. The best part is on each purchase or donation to charities on the SweatCoin marketplace you get rewards and discount coupons which you can use to purchase or convert to fiat currencies such as Dollars.

What makes SweatCoin so unique?

Compared to its alternatives SweatCoin is unique in many different ways. Some of them are listed below.

• Free to use 
• No Extra charges or fees except on-chain Validation fees while transferring SweatCoin tokens from one blockchain address to another.
• No Initial or Maximum Captial limit to start. In other words, users can start with $10 Dollars or even $1000.
• Earn Rewards on each spending
• Built-in SweatCoin Marketplace where you can purchase both physical and digital products.
• Ads-free experience, providing a smooth experience for users.

Tokenomics of SweatCoin

The reason why we are saying SweatCoin is meant to be a cryptocurrency that can be used to purchase goods and services is because of its unique tokenomics. SweatCoin has a total supply of 21 Billion Tokens while the maximum supply of the token is infinite. Maybe you like this similar app Pacer Pedometer Mod APK.

Instead of traditional Cryptocurrencies like Bitcoin and Ethereum which have a finite supply of 21 Million and 120.5 Million respectively, Sweatcoin has chosen unique tokenomics. So, over time with the buying pressure and increase in Bitcoin and Ethereum fiat value, it will become hard for users to Purchase a single Ethereum and Bitcoin, while on the other hand, Sweatcoin value will be still manageable because it has infinite Supply more like traditional fiat currencies like Dollar and Euro. 

Stake tokens to Earn Rewards

Unlike Bitcoin which uses proof-of-Work Consensus where miners use powerful computers to validate block transactions by solving complex mathematical calculations to earn Block rewards in BTC. As of now, the reward to validate 1 Block on the Bitcoin network is 6.25 BTC. While on the other hand, SweatCoin uses a proof-of-stake Algorithm where miners are not required to have powerful computers to mine Block rewards. Instead, users can earn rewards by staking SweatCoin on different exchanges or providing liquidity on Decentralized exchanges such as Uniswap.

Security and Decentralization

Security and decentralization are two of the main advantages of using and making purchases via the Sweatcoin Marketplace. In building the Sweatcoin ecosystem decentralization and security were key and for that reason, blockchain technology is utilized. All user's data on SweatCoin including purchases and search history is stored in a completely decentralized way and even won’t be shared with third-party networks or companies, unlike centralized applications.

Conclusion

In the end, I would say SweatCoin is one of the best platforms if you are looking for a way to make purchases while keeping your identity and data completely decentralized. The tokenomics of the coin is also pretty unique and with infinite supply and staking features advantages of staking you shouldn’t miss out on it. If you are already holding SweatCoin, you can make it work for you by staking  it to earn passive income. In short, I would say if you want to get into the crypto world and wanted to experience how to make purchases via cryptocurrencies then SweatCoin App is for you.