Proposal for Community Feedback on the Potential Burning of 100 Million SWEAT Tokens

Sweat Economy – the organization behind the SWEAT token has announced a new Web3 governance proposal designed to empower the community to determine the fate of an impressive 100 million of its native tokens.

• The voting event is scheduled for April 18th, granting the community the power to decide how to allocate 100 million SWEAT tokens.
• The community will determine the portion that should be allocated for rewarding long-term stakers and the portion that will be burned.
• Notably, all holders of liquid tokens will be eligible to vote, which means those who have their SWEAT tokens staked will not be able to participate. Each token will equate to one vote.
• Commenting on this initiative, Oleg Fomenk, co-founder of Sweat Economy, stated:

We believe that everyone should have a say in the direction of our company, regardless of the amount of tokens they hold, their knowledge of Web3 governance or wallet connection. Our innovative vote mechanism will make it easy for anyone to have a voice and participate in the decision-making process.

• As per the press release provided to CryptoPotato, there will be five options represented in percentages: 0%, 25%, 50%, 75%, and 100%. If the outcome of the vote favors the distribution of a portion of the funds, the average of the selected percentages will be calculated after the voting period concludes. Those who stake in the app for a duration of 12 months will receive a proportional share of tokens from the 100M token pool.

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