Sweat will Reduce Minting of $SWEAT by 30%!
2024-07-17
Bittime - Sweat Economy, a popular health and fitness platform, announced the results of a DAO vote conducted by the community. The proposed proposal has been approved leading to a 30% reduction in the amount of $SWEAT printed every month.
Sweat Community
Sweat Economy has been known to have a very dedicated and enthusiastic community since its inception in 2015. The community has twice broken the world record for the number of unique users participating in DAO voting. In this voting, more than 150,000 users cast their votes regarding changes to the $SWEAT minting window.
Voting Results by the Sweat Community
Source: Twitter.com/SweatEconomy
In a voting that lasted for 2 weeks, a total of 154,145 unique users participated. The results show that the majority of users support the minting window change:
- 70% (108,000) of the votes supported the minting window change
- 30% (46,000) voted in favor of retaining the existing system
SWEAT Minting Window Changes
The following minting window changes were proposed and approved:
- Free Users: Start earning $SWEAT after walking 3,000 steps and can continue earning up to 10,000 steps.
- Premium Users: Start earning $SWEAT after walking 3,000 steps and can continue earning up to 20,000 steps to maximize their earnings.
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