Current operating model to be discontinued, Sweat Wallet and SWEAT to undergo changes on December 30

Odaily reports: The Sweat Foundation has announced that, as the current model has failed to achieve sustainable profitability, Sweat Wallet and SWEAT will terminate their existing operating format on December 30, with specific follow-up arrangements to be announced in the first week of December.

The Foundation stated that when the claim and Grow Jar contracts are closed, unclaimed SWEAT and savings balances will be sent to the associated NEAR accounts; the SWEAT token will continue to exist on NEAR and bridged EVM chains, and the Sweatcoin app, operated by an independent company, will continue to operate normally.