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Curedo is pleased to announce its custody partnership with Sweat Economy on Sweat Wallet, the fastest growing DApp to date.
With 120 million users in Web2 (Sweatcoin App) and Web3 (Sweat Wallet), Sweat Economy is the original ‘move-2-earn’ and has one of the largest active communities in crypto. On 13 September Sweat Economy distributed over 4.7 billion of its new Sweat tokens to its 13.5 million Sweatcoin users who opted to enter Web3 and immediately rose to the top of the DApp charts with their new Sweat Wallet app .
Users mint sweat with their physical movement and access it through the Sweat Wallet app, seamlessly incentivizing increased rates of movement with financial reward, initially with 1000 steps equivalent to a sweat. Each SWEAT will be more difficult to mint than the previous – designed to preserve token utility and control the rate of token release.
Qredo will provide custody services for SWEAT assets, secured by our innovative decentralized multi-party computation encryption and institutional-grade governance controls.
Josh Goodbody, COO, Curedo, said:
“This partnership demonstrates the value of Qredo’s custodial network and the game-changing security it can provide to all types of stakeholders operating in Web3. Users of the sweat wallet app can now move forward with the confidence that their assets One of the most robust security infrastructure currently available in the crypto market.”
Oleg Fomenko, co-founder of Sweat Economy, said:
“Greater adoption barriers could arise for mass market crypto products such as Sweat, Wallet and Key Security. After testing several multi-signature custodial solutions, we are excited to partner with Curedo, Which is their innovative approach to decentralized custody and the cross platform liquidity they provide for our millions of new crypto users.
curado It is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in digital assets and decentralized finance.
Qredo’s Layer 2 blockchain protocol enables users to seamlessly transfer and settle BTC, ETH, BNB Chain, Solana, Polkadot and ERC-20 tokens.
Assets are secured by Qredo’s advanced Gen 2.0 Multi-Party Computation (MPC), which provides Tier-1 bank security and institutional-grade governance.
About the sweat economy
Established in 2015, sweat economy is on a mission to promote healthy living by encouraging people to move more. Over 120 million users rely on Sweatcoin to fuel their daily movement with the app, currently the most downloaded health and fitness app in the world. Web2 App rewards ‘sweatcoins’, called “Airmiles for Steps”, which can be redeemed for branded products, digital services and charitable donations.
In September 2022, they launched SWEAT, their Web3 token, and achieved over 13.5M opt-ins < 4 months from within the Sweatcoin user base, for which over 4.7 billion SWEATs were dropped over the air at launch. It became the biggest on-ramp ever in crypto. Sweat Wallet also launched at this time to enable direct management of currency with a number of additional features set out within the roadmap, including staking and access to rewards.
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