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Sweat Foundation to End Sweat Wallet and SWEAT Operations on Dec. 30

The Sweat Foundation said it will terminate the current operating model for Sweat Wallet and SWEAT on Dec. 30, after the model failed to reach sustainable profitability, with further arrangements to be announced in the first week of December. When the claim and Grow Jar contracts close, unclaimed SWEAT and savings balances will be sent to the associated NEAR accounts. The SWEAT token will remain on NEAR and bridged EVM chains, while the separately operated Sweatcoin app continues as normal.

Original source

AI take

The split between the Sweatcoin app and the SWEAT token economy is the tell: the consumer product outlived the crypto incentive layer built around it, and the foundation is unwinding the latter while keeping the former. For holders, the mechanics matter more than the announcement — unclaimed balances and Grow Jar savings being pushed to associated NEAR accounts converts dormant positions into liquid, transferable tokens on NEAR and bridged EVM chains. Whether that migration produces selling pressure or renewed utility is the open question, and the December arrangements are the next thing to watch.

Generated by AI for reference only.

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