Sweatcoin Developer Sweat Economy Introduces One Person One Vote Governance System
April 18th, 2023

Sweat Economy, the team behind health and fitness app Sweatcoin, is introducing a one-person-one-vote governance system for governance voting, rather than exercising voting rights proportional to their governance token holdings. Voting, which will take place directly within its mobile app, will determine how the protocol spends its 100 million native sweatcoin (SWEAT) tokens. 15 million token holders were eligible to participate in this vote. Participants will decide how much of the 100 million tokens are allocated to staking rewards and how many tokens are removed from the circulating supply, which may affect the price of the token.

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