Qredo will provide crypto asset custody services for the Sweat Economy ecosystem and the SWEAT wallet powered by industry-leading decentralized multi-party computing encryption.

London, September 27, 2022 -QredoPleased to announce: withSweat EconomyHosting partnership on Sweat Wallet, the fastest growing DApp ever.

With 120 million users across Web2 (Sweatcoin App) and Web3 (Sweat Wallet), Sweat Economy is the original "Move-2-Earn" and one of the largest active communities in crypto. On September 13th, Sweat Economy distributed over 4.7 billion new SWEAT tokens to the 13.5 million Sweatcoin users who opted into Web3, and instantly jumped to the top of the DApp leaderboard with its new Sweat Wallet app.

Users mint SWEAT through physical movement and access it through the Sweat Wallet app, seamlessly incentivized to increase their movement speed through economic rewards, the first 1000 steps are equivalent to one SWEAT. Each SWEAT will be harder to mint than the last - designed to preserve token utility and control token release rates.

Qredo will provide custody services for SWEAT assets, powered by our innovativeDecentralized Multi-Party ComputingEncryption and institutional-grade governance control protection.

"This partnership demonstrates the value of Qredo's managed network and the game-changing security it can provide to all types of stakeholders active in Web3," said Josh Goodbody, Qredo's Chief Operating Officer.

"Sweat Wallet app users can now move with confidence knowing that their holdings are backed by one of the strongest security infrastructures currently available in the crypto market."

Qredo's Layer 2 blockchain protocol enables users to seamlessly transfer and settle BTC, ETH, BNB Chain, Solana, Polkadot and ERC-20 tokens.

media contact

Matthew Neill, Qredo, pr@qredo.com,

About Qredo

Qredo 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.

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About Sweat Economy

Sweat EconomyFounded in 2015, its mission is to promote healthier living by encouraging people to be more active. More than 120 million users rely on Sweatcoin to motivate them to use the app for daily activities, which is currently the most downloaded health and fitness app in the world. The Web2 application rewards "sweatcoins", called "Airmiles for steps", which can be redeemed for branded products, digital services and charitable donations.

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Original link:https://www.qredo.com/press/qredo-teams-up-with-sweat-economy 

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