Sweatcoin

Sweatcoin is a Move-to-Earn mobile app that rewards users with Sweatcoins for daily walking, which can be redeemed for goods, gift cards, or donations. Its core business is to incentivize physical activity and improve health.

Its competitive advantage lies in its proprietary movement verification algorithm that accurately detects real steps, prevents cheating, and protects user privacy by not selling location data. Partnerships with institutions like the UK's NHS enhance credibility. The narrative is "make every step count," turning movement into a spendable asset.

The market pain point is the lack of motivation for exercise and health issues from sedentary lifestyles. Sweatcoin addresses this through economic incentives, helping users build exercise habits without extra pressure.

In the past six months (March to September 2026), Sweatcoin launched an AI assistant named Mia, powered by Near.AI, integrated into the Sweat wallet to help users manage cross-chain assets and token swaps. It also expanded to multi-chain ecosystems including Base, Ethereum, Arbitrum, and BNB Chain, allowing users to pay gas fees with Sweat tokens. The wallet has 20 million users and over 19 million token holders. However, with AI integration, concerns about data privacy and phishing risks have arisen, which the company addresses through GDPR compliance and anonymization.