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Sweat Economy to Give Away Free Tesla as Sweatcoin (SWEAT) Soars 12%
Published Jan 11, 2023 08:30AM ET
Updated Jan 11, 2023 10:00AM ET
© Reuters. Sweat Economy to Give Away Free Tesla as Sweatcoin (SWEAT) Soars 12%
Sweat Economy, the company behind the super-popular walk-for-crypto app Sweatcoin, announced a prize draw for a Tesla (NASDAQ:TSLA) Model 3. The electric car can be won via the Sweat Wallet app, which has a rewards section where users must manually opt into the prize draw. Moreover, the winner will be disclosed on 13th January 2023.
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Win a Tesla in Sweat Wallet!Yes, we're serious.You only need 10 $SWEAT in Growth Jars to enter this giveaway.Need help entering? Here's howhttps://t.co/Iw3DWkfHzm pic.twitter.com/mFpsY42zNX— Sweat Еconomy (@SweatEconomy) January 10, 2023
How to Win a Tesla
According to the guidelines outlined by Sweat Economy on Medium, users who want to participate in the prize draw for a gorgeous Tesla 3 must stake at least ten Sweatcoins in Growth Jars. In the ecosystem of the Sweat Economy, Growth Jars are used to store the mint-while-you-walk cryptocurrency for a certain period with up to 23% yield.
Besides, there are plenty of other rewards on Sweat Wallet, including tickets to The Weeknd in London, a four-day pass to the biggest electronic music festival Tomorrowland 2023, autographed jerseys of legendary soccer players Pele and Diego Maradona, and the new iPhone 14 Max. As all staking rewards require a certain amount of Sweatcoin locked in Growth Jars, the Sweat Wallet reached a milestone of 2,500,000 Growth Jars created by the first day of the New Year.
2.5M Growth Jars createdSeeing in the New Year with a milestone. Thank you, everyone! pic.twitter.com/5sTdREUfic— Sweat Еconomy (@SweatEconomy) January 1, 2023
SWEAT Grows 12% Bigger
Sweatcoin had been battered by the unforgiving bears of the intense crypto winter almost right after launch. SWEAT peaked at $0.091 on September 14th, 2022 – just a day after the cryptocurrency went live.
However, the success was short-lived, as $SWEAT is now down by 87.5% from the previous all-time high (ATH). At press time, the walk-to-mint cryptocurrency is priced at $0.01128844, according to CoinGecko. Recently, the first-ever walk-for-crypto coin enjoyed 12% weekly gains. This happened due to the success of Sweatcoin’s freshly launched Sweat hero NFT leg battle.
Tickets To Sweat Hero Closed Beta:You could win an early access ticket as a regular $SWEAT staking reward in the Sweat Wallet.Over the coming weeks, the team will also host a few giveaways and events in the official discord server where users can to win early access tickets. pic.twitter.com/quKGlEPnNk— SWEAT Economist (@SweatEconomist) January 4, 2023
On the Flipside
- Some users on Twitter report problems opting into the prize draw.
- Usually, the issue is related to the 0.1 $SWEAT fee required upon opting in.
- This happens because the staked $SWEAT doesn’t count toward the available balance.
- For users experiencing the issue, Sweat Economy suggests going for a walk.
- Tesla Stock is down by 29% since last month.
- Sweat Wallet’s exchange feature is still not launched.
Why You Should Care
Sweatcoin is the most popular health and well-being app in 66 countries and the most downloaded Web3 mobile app. Currently, Sweatcoin and Sweat Wallet has over 120 million active users worldwide.
Learn more about other prominent Web3 projects:
The Sandbox Hosts Regal Hotel’s Latest Expansion—MetaGreen
Decentraland Hosts First Ever Metaverse Architecture and Design Biennale Embassy
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