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🖼 A Fresh Coat of Paint, But the Same Cracks Beneath While I was "away," quite a few changes rolled out. Sweat Economy now has a new domain, a redesigned website, and a fresh whitepaper. Aesthetically, it’s a solid refresh—clean, modern, and encouraging in the sense that the team is clearly still passionate and pushing forward. But beneath the surface, nothing has fundamentally changed. The whitepaper is essentially a reworded, updated version of the original—still full of ambitious, utopian ideas. The roadmap? Similar to last year's. So, despite the shiny upgrades, the Movement Economy remains stuck. Same old challenges with implementation. Same market performance issues. Same growing frustration from the community. In many ways, I feel like I missed a lot—but also missed nothing at all. I keep finding myself comparing Sweat Economy to a carbon credits startup I have been working with. The concept is wholesome. Ambitious. A potential force for good. But every time we try to ground the idea in reality, there’s this sinking feeling of: “Maybe we’re deluding ourselves.” That’s how it feels here too.

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💀 Another one bites the dust! Apple’s watchOS 26 is set to introduce more personalized ways to stay active. One standout feature: Workout Buddy It bears a striking resemblance to Sweat Economy’s long-promised AI coach. The difference? Apple’s version will, of course, be more optimized, accurate, and seamlessly integrated within its ecosystem. Just like that, another Sweat Economy dream gets cannibalized by a bigger, faster-moving player. Phew.

We’ve Completely Lost the Plot

If you had invested $1,000 in SWEAT when it launched three years ago, that investment would now be worth just $25.

🙂 Let that sink in. This isn’t just a minor underperformance or bad luck due to “market conditions”, it’s a complete erosion of value, and no amount of spin from the Sweat Foundation can explain it away. Yet time and again, the team blames the market. As if Bitcoin and other altcoins haven't go through the same cycle. This is a product and leadership issue. ❗️ It Was Never About Price for Me I want to make something clear, I did not stop caring about this project because of its price collapse. SWEAT has always been a relatively poor performer on the charts since its inception. That alone never bothered me. I have seen worse altcoins turn around. What made me lose interest was the shift in energy, direction, and integrity from the team itself. 🔘A Sudden Change in Strategy At one point, Sweat Economy felt like a project with heart. A project with a mission to bring movement and crypto together in a way that was simple, rewarding, and forward-thinking. They had a roadmap that looked bold, a community that believed in the long-term, and a seemingly tireless commitment to innovating the “movement economy.” But then... something changed. - Important developments were quietly canceled or shelved without explanation. - Promised features never shipped. - The grand vision slowly gave way to lazy, low-effort monetization schemes. - Instead of building real Web3 tools, the team began plugging advertisements into every possible corner of the Sweat Wallet. 🔘 The Wallet Has Become an Ad-Farm Let’s call it what it is: the Sweat Wallet has become an ad hub. Video ads are now baked into every user engagement. Every tap, every reward, every action feels like it's just a vehicle to show you another video Ad. And what do you get in return? A few hundredths of a cent. 😐 Literally, $0.002. It's insulting, especially when this same ecosystem was once hyped as the beginning of a new era in health, movement, and Web3 economics. Now we are stuck with a bloated app that’s more focused on attention farming than meaningful rewards. And that’s the most tragic part: this isn't move-to-earn anymore. It’s been reduced to watch-ads-to-earn, and even that barely works. 🔘 A Crumbling Narrative What we are witnessing now is the breakdown of a once-compelling story. The messier the project becomes... The more fragmented the user experience... The worse the token performs... The more partners and users walk away... We have gone from a promising health-powered crypto revolution to a tired, ad-heavy app with no unique selling point and no edge in a competitive market. Worse still, there's a visible lack of innovation. Instead of building new features, exploring new token use cases, or fixing broken mechanics, the team seems content with patching up the old UI, renaming campaigns, and partnering with projects that barely make sense. 🔘 What Are We Even Doing Anymore? There’s no shame in pivoting if something’s not working. But you have to pivot with purpose. Sweat Economy, instead, has slowly drifted into irrelevance. Refusing to admit its mistakes, dodging feedback, and gaslighting the community into believing everything’s fine while the numbers tell a different story. There’s still a community here, still some belief in what this could have been. But if the current direction continues, that belief will fade completely, and all that will remain is a case study in how to lose long-term trust. 💔 Final Thoughts Projects die when their communities stop caring. And honestly? Many of us are almost there. If Sweat Economy is going to recover, it needs a radical return to vision, a serious product rethink, and full transparency from the Foundation. Not another seasonal campaign, unknown partners, or listing. Until then, I am just watching from a distance. Like many others, I am still holding; but I am not hoping. We’ve completely lost the plot 🤢.

😀 Sweat Hub This month, Sweat Economy rolled out SWEAT Hub, hyped as the “gateway to the biggest growth engine in consumer crypto,” boasting more than 2.5 million monthly active users. Big words, bold promises. But peel back the glossy pitch, and SWEAT Hub is nothing more than a storefront designed to sell your attention to endless advertisers. If it works (and it probably will), the Sweat Foundation pockets more ad revenue to keep the lights on. And what will you, the loyal user, get in return? The same empty “engagement” we’ve seen before: - More ads in your wallet - More unrewarding Learn & Earn campaigns - More Twitter Spaces that go nowhere, and - More raffles where you fight thousands of people for the chance to win… a crumb of bread. That’s the grand future of “the movement economy.” 🔘Let’s rewind for a moment. The saddest part? The Sweat Foundation promised a lot over the years. Exciting utilities, a strong ecosystem, and a new era of movement-powered crypto. But here we are, years later, and what’s the actual utility for the SWEAT token? Just one: staking. And even that is a cruel joke. The yield you earn is completely wiped out by the token’s disastrous market performance. The only practical reason people stake is to gain entry into raffles—raffles where you’re competing against hundreds of thousands of others for the chance to win a few gift cards or vouchers. That’s what the movement economy has been reduced to. 🔘The Multichain Wallet Fantasy Some of you are still holding out hope for the much-hyped multichain wallet. A wallet where you can supposedly use SWEAT tokens to pay transaction fees across chains. But let us be brutally honest: do you really believe people will ditch Phantom, Trust Wallet, or Metamask just because Sweat Wallet lets them pay fees in a single token (SWEAT)? Not a chance. Sweat Wallet is late to the game with no killer feature except “you can pay fees in our token.” 🔘Millions of Users, Zero On-Chain Value This brings us to the real issue: Sweat Economy and Near Protocol love to trumpet their millions of users. But these are hollow numbers. - Do they trade on DEXes? No. - Do they transact actively on-chain? No. - Do they provide real liquidity or value to Web3 ecosystems? Absolutely not. They don’t behave like crypto users at all. They are Web2 sign-ups who log steps, claim tiny rewards, and move on.

That is why, even though Sweat Economy is one of the most populous dApps in crypto, it doesn’t even rank among the top 1000 projects on CoinGecko.

That’s also why the Sweat Wallet, despite boasting millions of downloads, will probably crawl along with daily volumes smaller than a mid-tier NFT project. A million-user wallet with $500 in trades—it’ll be comedy. 🔘The Truth Is Simple Sweat Hub will be remembered as just another chapter in a long story of squandered potential. SWEAT has no meaningful utility, promises have been left unfulfilled, and that years of hype have produced little more than ads, raffles, and disappointment.

🟢 Near Protocol has been struggling in the market for months now. When you look at the speed at which mega corporations and grassroots AI communities are already pushing boundaries; democratizing access and constantly improving models, it is hard to see how Near Protocol's pivot will stand out. By the time they bring something to market, the space might already be dominated by players moving ten times faster in Web2 and Web3. To be fair, we haven't seen the final product yet. It could surprise us. They are also cooking up chain abstraction, which, if executed properly, could give NEAR a unique position in the multichain user experience space. So the story isn't over. But here is where my doubts creep in. I have always questioned the NEAR Foundation's ability to market and position its product. Even when they build interesting tech, the communication is clumsy, the branding is weak, and the momentum never lasts. In a market where narrative is everything, that is a crippling flaw. ➡️ Don’t get me wrong: NEAR isn't going anywhere. The protocol has staying power, and it will continue to exist. But as for treating NEAR like a blue-chip play for this bull cycle? Personally, I am not betting on it.