When we talk about Move to Earn, we might think about $GMT from @Stepnofficial with its sneaker NFT required for working out. π
@SweatEconomy ( $SWEAT ), a new venture in the Move to Earn market, has been launched. π
@SweatEconomy ( $SWEAT ), a new venture in the Move to Earn market, has been launched. π
This thread will compare those two platforms from many perspectives, as follows π§΅;
- Application
- Number of Users
- Token Allocation
- Total Locked Token
- Notable Tokenomics
- Conclusion
- Application
- Number of Users
- Token Allocation
- Total Locked Token
- Notable Tokenomics
- Conclusion
1/x Applicationπ±
Each platform offers iOS and Android applications.
The @SweatEconomy app is immediately usable after downloading.
Contrary to @Stepnofficial's app, there is a sneaker NFT required for workouts, and it has more complex rules than @SweatEconomy.
Each platform offers iOS and Android applications.
The @SweatEconomy app is immediately usable after downloading.
Contrary to @Stepnofficial's app, there is a sneaker NFT required for workouts, and it has more complex rules than @SweatEconomy.
2/x Price action π
@Stepnofficial created those rules and tried many attempts to adjust their tokenomics since the introduction of HP, Cross-chain DEX, and $GMT Burn.
Price action between $GMT and $SWEAT since $SWEAT just launched their TGE about three weeks ago.
@Stepnofficial created those rules and tried many attempts to adjust their tokenomics since the introduction of HP, Cross-chain DEX, and $GMT Burn.
Price action between $GMT and $SWEAT since $SWEAT just launched their TGE about three weeks ago.
3/x Price action π (Cont.)
Zooming out, however, the price of $GMT was also impacted by the May crash and @Stepnofficial's restriction on China-based users. π«
In addition, the number of active users has decreased over time. π
Source: dune.com
Zooming out, however, the price of $GMT was also impacted by the May crash and @Stepnofficial's restriction on China-based users. π«
In addition, the number of active users has decreased over time. π
Source: dune.com
4/x Number of Users π₯
@SweatEconomy has more than 120m users on both Web2 and Web3, with 13m wallets already created. π₯
Source: sweateconomy.com
@Stepnofficial just passed 1m users this month.
Source: dune.com
@SweatEconomy has more than 120m users on both Web2 and Web3, with 13m wallets already created. π₯
Source: sweateconomy.com
@Stepnofficial just passed 1m users this month.
Source: dune.com
5/x Token Allocation π
Both tokens have about the same move to earn allocation
- 30% on $GMT
- 27% on $SWEAT
(assuming that $SWEAT is distributed from Foundation Treasury because four portions are already unlocked, and three of them are not for Move to Earn distribution)
Both tokens have about the same move to earn allocation
- 30% on $GMT
- 27% on $SWEAT
(assuming that $SWEAT is distributed from Foundation Treasury because four portions are already unlocked, and three of them are not for Move to Earn distribution)
6/x Token Allocation π (Cont.)
Nevertheless, there are slight differences in private sales, teams, etc.
- 33% on $GMT
- 39% on $SWEAT (exclude 25% Airdrop)
$SWEAT airdrop is linear and unlocks to holders. If considered as future selling pressure, it will be 64% instead of 39%.
Nevertheless, there are slight differences in private sales, teams, etc.
- 33% on $GMT
- 39% on $SWEAT (exclude 25% Airdrop)
$SWEAT airdrop is linear and unlocks to holders. If considered as future selling pressure, it will be 64% instead of 39%.
7/x Total Locked Tokens π
Although $SWEAT launched later, the total lock is slightly smaller than $GMT.
- 88% Locked on $GMT
- 86% Locked on $SWEAT
Source: token.unlocks.app
Although $SWEAT launched later, the total lock is slightly smaller than $GMT.
- 88% Locked on $GMT
- 86% Locked on $SWEAT
Source: token.unlocks.app
8/x Notable Tokenomics β¨
- @SweatEconomy uses the single-token system.
- @Stepnofficial uses the dual-token system, $GMT as a governance token & $GST as a utility token.
$GST is used for monetary rewards, which $GST will exert significant inflationary pressure on ecosystems.
- @SweatEconomy uses the single-token system.
- @Stepnofficial uses the dual-token system, $GMT as a governance token & $GST as a utility token.
$GST is used for monetary rewards, which $GST will exert significant inflationary pressure on ecosystems.
9/x Notable Tokenomics β¨ (Cont.)
While $SWEAT will be both governance and utility tokens, they will face the same inflationary pressure.
However, it has capped the daily inflation rate and yearly diminishing minting reward.
While $SWEAT will be both governance and utility tokens, they will face the same inflationary pressure.
However, it has capped the daily inflation rate and yearly diminishing minting reward.
10/x Conclusion π
The revenue stream of @SweatEconomy generated advertisements and merchandise sales has users on Web3 13x more than users on @Stepnofficial.
This leads to significant buyback and burns tokens, which could bring more sustainability to the token price.
The revenue stream of @SweatEconomy generated advertisements and merchandise sales has users on Web3 13x more than users on @Stepnofficial.
This leads to significant buyback and burns tokens, which could bring more sustainability to the token price.
11/x Conclusion π (Cont.)
The @Stepnofficial application entertains users more than @SweatEconomy as there are more features, i.e., Sneaker NFT.
Despite the smaller number of users @Stepnofficial, these users are more crypto-native than users on @SweatEconomy.
The @Stepnofficial application entertains users more than @SweatEconomy as there are more features, i.e., Sneaker NFT.
Despite the smaller number of users @Stepnofficial, these users are more crypto-native than users on @SweatEconomy.
12/x
If you've enjoyed the thread thus far, please click the firstΒ tweet and RT π
Follow @Token_Unlocks for news and updates regarding Tokenomics. ππͺ
If you've enjoyed the thread thus far, please click the firstΒ tweet and RT π
Follow @Token_Unlocks for news and updates regarding Tokenomics. ππͺ
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