Health and Fitness App Sweat Economy to Vote on 'Reallocating' 2.5B Inactive Tokens

The 2.5 billion “abandoned” SWEAT tokens, which constitute around 13% of the total supply, were allocated to users at the app's conception last September.

AccessTimeIconJun 7, 2023 at 3:29 p.m. UTC
Updated Jun 7, 2023 at 3:30 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Fitness-focused decentralized application Sweat Economy is to take a governance vote on what do with 2.5 billion tokens that are currently sitting inactive in user accounts.

The SWEAT tokens, which constitute around 13% of the total supply, were allocated to users at the app's conception last September but these users have not downloaded the wallet nor followed any of the other steps required to claim them, making them "abandoned" or "idle," according to a blog post.

Sweat users can vote on whether to recover the tokens and transfer them to the protocol's treasury for a potential future distribution. The vote will also decide what the Sweat Foundation will do with them in the future, including "burning a percentage, funding operational costs, or supporting future product launches," the blog post said.

A minimum of 75,000 votes are required for the proposal to be accepted or denied. The vote will last for seven days with the possibility of a three-day extension and follow the one-person-one-vote-format introduced for a previous poll in April.

Sweat Economy is a "move to earn" platform, in which users are encouraged to keep active by converting the steps they take into SWEAT tokens which they can convert into other cryptos or use to buy products.

Edited by Aoyon Ashraf.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.