Sweat Wallet and SWEAT Token to End Operations by Dec 30

The Sweat Foundation Ltd announced that Sweat Wallet and SWEAT token will cease to exist in their current form by December 30, 2026. The decision comes after four years of operation, during which time the platform brought over 22 million people into Web3 through its daily step reward system.

According to Nikolay Vznuzdaev, Director of The Sweat Foundation Ltd, the current model's economics have not been sustainable due to factors such as a prolonged downturn in crypto markets, loss of exchange listings for SWEAT, and costs associated with the April 2026 security incident.

The team had almost reached sustainable profitability but ultimately decided to end the current model in an orderly manner, giving users and token holders 90 days' notice.