Sweat Foundation Discontinues Current Model for Sweat Wallet and SWEAT Token

The Sweat Foundation Ltd announced on October 1st, 2026 that it will discontinue its current model for Sweat Wallet and the SWEAT token by December 30th, 2026. The decision comes after four years of operation, during which time over 22 million people were brought into Web3 through their daily steps.

The economics of the current model have not been sustainable, according to the Foundation. A prolonged downturn in crypto markets, loss of exchange listings for SWEAT, and a security incident in April 2026, all contributed to the decision. The team was close to achieving profitability but ultimately fell short.

The Foundation is giving users and token holders 90 days' notice before the current model ends. During this time, the app will continue to run as normal, and users can still earn SWEAT for verified physical movement. However, after December 30th, 2026, the app and services around it will end in their present form.