Tuna Chain is a modular Layer 2 solution that functions on Bitcoin while also integrating with Ethereum. Learn more about how it works in this article.

 is rightfully known for its security through its use of 

 offers greater versatility. Until recently, blockchain projects had to choose between the two. Now, however, a hybrid solution is available that blends the benefits of both of these leading blockchains and takes a bold leap into the future.

 that functions on Bitcoin while also integrating with Ethereum.

) is strongly rooted in elevating the user experience (UX). Bitcoin is the most trusted cryptocurrency, largely due to the recognized strength of its security protocols. However, while it excels in security, it lacks the versatility that ultimately fosters innovation. In this regard, Ethereum is viewed as a superior blockchain. 

Tuna Chain’s modular Layer 2 solution works on Bitcoin through a 

 hybrid layer while offering Ethereum functionality. It uses 

-powered modularity to minimize transaction costs. At the same time, this modularity improves both trust and efficiency. Tuna Chain currently supports Solana, Ethereum and Bitcoin transactions. It works with Bybit, Phantom, MetaMask, UniSat Wallet and OKX Wallet.

Tuna Chain is a new project that was established by three unknown individuals, known under the names of Tuna Nigiri, Tuna Sushi and Tuna Sashimi. Each team member brings their unique experiences and knowledge with blockchain, cryptography and 

 to move Tuna Chain forward. Tuna Chain is financially supported by BSC News, Normie Capital, Serafund, ArkStream Capital, Cogitent Ventures, MH Ventures and other angel investors. After its Ocean Festival and Ocean Trio, Tuna Chain now has over 1.3 million wallets connected on the Tuna Chain Testnet, with a total 

The purpose of Tuna Chain is to bridge the gap between Bitcoin and Ethereum. Although Bitcoin’s chain boasts superlative security, it lacks the versatility that Ethereum’s 

 provides. As a hybrid Layer 2 solution, Tuna Chain’s primary goal is to blend the two. By doing so, its founders want to push the envelope on the future of blockchains and provide a better UX.

Tuna Chain’s functionality is based on three core features: the Toro native 

, Celestia-powered modularity and a hybrid ZK-OP layer. With the Toro stablecoin, users can purchase new digital assets through the overcollateralization of their BTC supply. Meanwhile, Celestia-powered modularity improves data availability, and the ZK-OP hybrid layer executes smart contracts with fast, secure transactions.

Rollup Solutions and Operational Mechanism of Bitcoin Layer 2

Layer 2 solutions similar to those found on Ethereum enhance Bitcoin's scalability, using technologies such as 

 (ZK). Tuna Chain enhances Bitcoin's transaction capacity by integrating optimistic rollup technology into its Layer 2 framework.

Securing Native Assets on Bitcoin: Leveraging Taproot's Upgrade

 upgrade into the Bitcoin network marks a significant advancement in the security of its native assets. This update incorporates advanced cryptographic techniques, such as Schnorr Signatures, MAST and Tapscript. To further secure these assets, Tuna Chain has implemented a multisignature security model and is exploring the addition of external validators to its network security protocols.

Tuna Chain processes transactions through a detailed system that begins with the precise arrangement and execution of transactions. These are then reliably recorded on 

's data availability layer and conclusively verified on the Bitcoin blockchain. Verifiers are essential to the chain's integrity, quickly producing fraudproofs to address any transaction discrepancies and ensure the network remains secure and reliable.

Tuna Chain is a next-level Layer 2 solution that moves blockchain into the future. Each of its core features provides unique benefits to support a superior UX. 

Tuna Chain uses Celestia-powered modularity to optimize its Layer 2 functionality. Specifically, this modularity is supported by Layer 2 data management that enhances trust, improves efficiency and reduces transaction fees.

The ZK-OP Layer is Tuna Chain’s hybrid Layer 2. This layer utilizes a dual-phase architecture that integrates Ethereum’s benefits with those of Bitcoin. By doing so, it empowers smart contracts and accelerates secure transactions.

 is a grand opening event celebrating Tuna Chain’s launch. During this grand opening, the first round of TUN tokens will be distributed. Distribution cap for this initial release is based on 

 growth driven by the community, and could range between 2% and 21%. The token supply increases by 2% as each new milestone is achieved.

, the setup experience for new community members, consists of Calm Waters, Whimsical Tides and Majestic Depths. With Calm Waters, new users can receive 60 points for following Tuna Chain on social media and linking their wallet. Additional points are available by referring friends to Tuna Chain. Whimsical Tides, the testnet phase, is still in development along with Majestic Depths.

In the first quarter of 2024, Tuna Chain successfully completed several milestones, including the launch of the Tuna Testnet — Alpha, Ocean Trio Points campaign, Ocean Festival (which highlights the TVL) and the rollout of the TunaChain Explorer. 

Moving into Q2 2024, progress is ongoing with significant developments. Tuna Chain’s team is currently deploying an optimistic rollup (OP)-based Mainnet, establishing a native bridge from Bitcoin to the Tuna Mainnet, launching a Mainnet decentralized exchange (

), and developing a modular data availability (DA) layer.

Tuna Chain functions with three primary tokens: TORO, TUNA and WOOG. Each serves a different and integral role.

TORO, Tuna Chain’s native stablecoin, helps users transform their BTC into their choice of high-yield digital assets. This is accomplished seamlessly and with full transactional stability. The user doesn’t need to liquidate the BTC to complete the transaction.

 of Tuna Chain, is used for various purposes, such as revenue generation, funding builders and contributors, benefiting token holders, incentivizing users and community members, and promoting community engagement within the Tuna Chain ecosystem.

TUNA has a total token supply of 210,000,000.

 token that acts as the primary ticket into the Tuna Chain ecosystem. Only 200 of 1,000 available WOOG tokens were distributed at the BRC-20 Launchpad event. The remaining WOOG will be distributed only when they’re activated by external forces.

Looking to get your hands on the TUNA token? Bybit will soon offer it via our 

In the meantime, you can also purchase TUNA through 

WOOG tokens grant access to the Tuna Chain ecosystem. Of the total supply of 1,000 tokens, only 200 are currently scheduled to be released. These tokens are exclusively available through the 

. There’s a purchase limit of one WOOG token. While 800 WOOG tokens will remain, they’re sealed, and their release isn’t scheduled. You must have an active Bybit account with a funded wallet to participate in the event. 

TUNA tokens play a fundamental role in governance of the Tuna Chain’s unique hybrid Layer 2 chain, designed to deliver the benefits offered by both Bitcoin and Ethereum. Tuna Chain is presented as the future of blockchain, and is poised to change the blockchain landscape in exciting ways, which could place a premium on TUNA tokens. 

As an investment, TUNA should be purchased conscientiously because the value of the tokens will decrease when additional tokens are released, even for a short period of time. In addition, all cryptocurrencies are speculative in nature, with a risk of partial or complete loss. Therefore, 

 cryptocurrencies before making an investment.

Tuna Chain is a hybrid Layer 2 solution that provides a much-needed service in the blockchain world. By bridging the gap between Bitcoin and Ethereum, it allows users to enjoy the best of both worlds. In doing so, it has the potential to move the dial forward significantly in blockchain technology. Moving forward, Tuna Chain is a platform worthy of attention.

Intermediate

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Tuna Chain (TUNA): Reinventing Bitcoin With a ZK-OP Approach

We'll guide you through step-by-step to opening an account on Bybit to start your crypto trading journey now.

With more crypto projects being launched by the day, many traders are eager to jump on the bandwagon and take advantage of these potential investment opportunities. If you’re one of them, consider riding the crypto wave with Bybit! But before you do so, be sure to 

 first. Read our detailed guide on how you can create a Bybit account to start your trading journey today!

There are two ways for you to create a Bybit account. You can choose to sign up with your email address, or with your mobile phone number, whichever is more convenient for you to use. You can also choose to sign up on your desktop or on your mobile phone. 

Please note that if your country falls under Bybit's 

, you will not be able to sign up with Bybit. 

Choose your preferred method of signing up: 

. Then, input the necessary details accordingly. 

Note that the Referral Code field is optional and can be left blank.

 will pop up. If you’re not from any of the countries listed, click on 

Complete the reCAPTCHA verification and enter the verification code that you’ve received based on your preferred method of registration. 

, you’ll receive the code in your email inbox or spam/junk inbox. If you’ve selected 

, you’ll receive an SMS code on your mobile device.

Note that the Referral Code field is optional, and can be left blank.

A window showing a list of restricted countries and regions will pop up. If you’re not from any of the countries listed, select 

Complete the reCAPTCHA verification and input the verification code that you’ve received based on your preferred method of registration. 

Once you’ve successfully registered, you can proceed to 

You can either deposit your crypto into your Bybit account from an external wallet or another crypto exchange, or 

on Bybit to start trading. There are several ways to buy crypto on Bybit. You can do so through 

 (via credit/debit card or third-party payments like Google Pay), 

After you’ve funded your account, you can proceed to explore the various Bybit products available — such as the 

Now that you’ve learned how to create a Bybit account, you can explore the Bybit platform and make trades whenever you spot potential investment opportunities. In addition, stay tuned to our 

 for educational materials to aid you in your crypto journey.

Beginner

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Bybit Sign-Up: How to Create a Bybit Account (Step-By-Step)

Notable Ethereum Spot ETF applications have come from high-profile issuers that received approval for Bitcoin Spot ETFs earlier this year. Learn more here.

The cryptocurrency landscape could be on the brink of a major shake-up as several Ethereum spot exchange-traded fund (

) applications await regulatory approval. These financial instruments promise to bridge the gap between traditional investment markets and the fast-growing world of digital assets, offering investors a regulated and accessible means for gaining exposure to 

This article explores the top pending Ethereum Spot ETF applications, exploring their significance, potential impact on the market and implications for the broader adoption of cryptocurrencies.

What Is an Ethereum Spot ETF Application?

An Ethereum Spot ETF application is a filing submitted to regulatory bodies, such as the U.S. Securities and Exchange Commission (SEC), to list an exchange-traded fund that tracks the price of Ether (ETH), allowing investors to gain exposure to the cryptocurrency without directly holding it.

How Does an Ethereum Spot ETF Application Work?

An Ethereum Spot ETF application is a formal request by a financial institution to gain regulatory approval to offer a financial product that tracks the price of Ether (ETH), the second-largest cryptocurrency and the token of the Ethereum network, in real time. 

Investors can participate in the ETF by purchasing shares through their brokerage accounts. This way, they can gain exposure to Ether's price movements without the complexities associated with directly buying or holding the cryptocurrency. The ETF provider assumes responsibility for securely holding the Ether, managing the fund's day-to-day operations and ensuring ongoing compliance with regulatory requirements.

Current Ethereum Spot ETF Application Landscape

, Fidelity, VanEck and ARK 21Shares have all thrown their hats into the ring by submitting applications to the SEC for approval. These particular issuers have previously applied to run Bitcoin Spot ETFs that are currently approved and trading.

However, the SEC has pushed back on the recent Ethereum Spot ETF applications, prolonging the decision-making process. They've also sought public feedback in order to gauge whether the arguments supporting the approval of Bitcoin Spot ETFs are applicable to Ethereum Spot ETFs as well.

Anticipation has continued to build with the approach of the final deadlines for the SEC's decisions, set for between May 23 and Jul 5, 2024 for various applicants. The SEC's review process involves assessing factors such as the potential for market manipulation and the resemblance between Ethereum spot and futures exchange-traded products.

The outcome of these applications holds significant weight, as it could shape the future landscape of cryptocurrency investment vehicles and play an important role in driving broader adoption of Ethereum within traditional financial markets. Investors and observers alike are closely monitoring these developments, recognizing their potential to influence the trajectory of both Ethereum and the wider crypto market.

Top High-Profile Ethereum Spot ETF Applications

Several high-profile financial institutions have applied for Ethereum Spot ETFs, reflecting a growing interest in cryptocurrency investment products. Following is a list of some notable contenders.

BlackRock, a global investment giant and the world’s largest asset manager, submitted its 

 Ethereum Trust, in November 2023. However, the SEC postponed its decision to late January 2024 and again to March. The SEC is currently seeking public comment on the application, particularly concerning Ethereum’s susceptibility to fraud, and has delayed its decision until Jun 11, 2024.

Franklin Templeton, another major player in the investment world, 

 for an Ethereum Spot ETF in February 2024, making it the latest contender to join several other firms in the race. The SEC has delayed the deadline to June 2024 to rule on the firm’s application. If approved, the fund will be listed on the Chicago Board Options Exchange as Franklin Ethereum ETF.

Known for its ETFs and mutual funds, investment management firm VanEck has expressed doubts about the SEC's approval of its Ethereum Spot ETF application, 

 in July 2021. Although the SEC’s decision is expected in May 2024, VanEck’s CEO has voiced his skepticism of approval by the May 23, 2024 deadline, citing the regulators' ominous silence. Notably, VanEck holds the distinction of being the first investment management firm to file an ETH Spot ETF application in the United States.

21Shares specializes in cryptocurrency exchange-traded products (

), while ARK Invest focuses on thematic investing. The two firms 

 for the ARK 21Shares Ethereum ETF in September 2023, with the SEC expected to decide by May 24, 2024. The application has been 

 to include a cash-creation model, and has proposed plans to stake a portion of the ETF’s Ether for generating additional income.

A global asset manager focused on cryptocurrencies, Hashdex 

 with the SEC in September 2023 to list and trade shares of the 

 its decision on the application, with a verdict expected by late May 2024.

Grayscale is the world’s largest digital currency asset manager, with a range of investment products that provides exposure to cryptocurrencies and the digital currency asset class. The firm 

 its Grayscale Ethereum Trust into an Ether Spot ETF in October 2023. The SEC extended the review period, setting a new deadline for June 2024. 

Invesco, an investment management firm, has partnered with Galaxy Digital, a diversified financial services firm, to create a 

 for an Ethereum Spot ETF to be named the Invesco Galaxy Ethereum ETF. The SEC's decision, expected in December 2023, has been 

Fidelity Investments is a major financial services corporation with a global presence and millions of customers. Fidelity first filed for an Ethereum Spot ETF in November 2023. It later 

 its application in March 2024 to include ETH staking, which would allow investors to earn additional income from staking rewards. The SEC has set a deadline of May 23, 2024 to approve or deny the application.

What Could Happen If an Ethereum Spot ETF Application Is Approved?

The approval of an Ethereum Spot ETF application holds significant implications for the cryptocurrency market.

Approval of an Ethereum Spot ETF could mark a significant milestone for the crypto market. It would greatly improve Ethereum's accessibility, bolster market confidence and potentially drive up Ether’s price. In addition, such an approval would represent a new milestone in cryptocurrency adoption, providing investors with a regulated and easy avenue for investing in Ethereum. Nevertheless, regulatory hurdles and market volatility are variables that could influence the timing and magnitude of the approval of the pending applications.

ethereum spot etf applications featured image

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An Overview of the Top Pending Ethereum Spot ETF Applications

Here's the step-by-step guide for you to withdraw the funds from your Bybit spot or derivatives wallet easily.

Looking to withdraw some of the profit you've earned from trading on Bybit? There are two ways you can go about doing it, depending on whether you’re making an on-chain transfer to another exchange or wallet, or an internal transfer.

Regardless of whether you’re making an on-chain or internal transfer on the web, go to 

 at the top right-hand corner of the home page and click on 

 from the drop-down list. Then, click on 

in the column of the currency you want to withdraw, or the 

Log in to your Bybit account and click on 

 at the top right-hand corner of the home page. Then, click on 

Bybit supports withdrawals for coins listed on the Spot Assets page or the Funding Assets page with an available Withdrawal button.

button of the corresponding account you would like to withdraw from.

 You will be able to select the account from which the withdrawal will be performed in the Withdrawal window. You can click on the 2 arrows icon to transfer assets from your other accounts to your Funding or Spot Accounts if needed.

Select the coin to withdraw as well as the withdrawal wallet address. You can either: 

If you haven’t added a withdrawal address yet and would like to do so, please click on 

 to set up your withdrawal address. For more details, please refer to 

 Choose the type of chain you would like. You will see the withdrawal fee amount for each blockchain network accordingly.

 Input the amount you want to withdraw, or click on 

 to make a full withdrawal. Once the chain type is selected, the minimum withdrawal limit for this particular coin and blockchain network will be displayed on the right side of the withdrawal window.

 and you’ll be directed to the withdrawal verification page. The following two verification steps are required: Email verification and Google Authentication if your wallet address is not verified.

If your address is verified in the Withdrawal Address Whitelist, you won’t need to go through the 2FA verification process, and you can submit the withdrawal request as below. To verify your withdrawal wallet address, you can follow this 

 To retrieve your email verification code, click on 

 and drag the slider to complete verification.

 An email containing your email verification code will be sent to the registered email address of your account. Please enter the verification code you’ve received.

 Please enter the 6-digit Google Authenticator 2FA security code you’ve obtained. 

. Your withdrawal request has been successfully submitted!

How to Withdraw Assets via Internal Transfer

 at the top right-hand corner of the home page and go to your 

 in the column of the currency you want to withdraw.

 Withdrawals will only be performed via your Funding or Spot Account. If you want to withdraw your assets from other accounts, please transfer assets from other accounts to your Funding or Spot Account by clicking on 

 Please select or fill in the following parameters to submit your withdrawal request:

Please ensure all information is correct before clicking on 

 and you’ll be directed to the withdrawal verification page. The following two verification steps — email verification and Google Authentication — are required if your email address and/or mobile number are not yet verified. To learn more about how to manage your withdrawal security, please refer to this page.

 and drag the slider to complete the verification. An email containing your email verification code will be sent to the registered email address for your account. Please enter the verification code that you’ve received.

 If you have not received the email, please check your spam folder or refer to 

. The verification email is only valid for five minutes.

To view your internal transfer history, please head to your 

 column. If you are the recipient, select 

How long does it take to withdraw my funds?

Instant withdrawal may take up to 15 mins to process. However, please note that in the event of high network congestion, withdrawals may take a longer time to process.

Once you’ve successfully submitted a withdrawal request, all the remaining bonuses in your account will be cleared to zero. Traders can check their withdrawal status via this link: 

Understanding the Withdrawal Status at the History

Is there a maximum amount limit for a single instant withdrawal?

Currently, yes. There's a limit on withdrawal for users that resets daily at 00:00 UTC.

The table below denotes the maximum amount of USDT that can be withdrawn at each KYC level. Note that a fixed withdrawal fee will be charged, regardless of the amount withdrawn.)

While VIP users are automatically given higher withdrawal limits, you can manually change your limit by clicking on 

. Please take note of the various withdrawal fees that are incurred for all withdrawals of any amount from Bybit. Traders can refer to the minimum withdrawal and fees stated at the withdrawal pop-up window, depending on the selected chain for funds withdrawal.

Using USDT as an example, depending on the Chain Type, the fee differs.

Withdrawal fees on Bybit are not included in the amount indicated on the screen. Therefore, users need to factor in the fees indicated to determine the final withdrawal amount. However, traders can choose to click on the 

button to withdraw all of their funds, and the system will automatically adjust the final amount, including the incurred fees.

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How to Make a Withdrawal From Bybit

Bybit Learn

GameFi

web3

Using a unique sweat-to-earn mechanic, learn what Sweatcoin is and how you can start earning SWEAT tokens for free.

Whether you're new to cryptocurrency or an experienced crypto investor, it's important to stay on top of trends. One of the most exciting new crypto developments is the creation of Sweatcoin. This cryptocurrency has the potential to revolutionize your health while helping you make money. Interested in learning more about Sweatcoin? Explore with us as we look at what Sweatcoin is — and how you can invest in Sweatcoin crypto once it officially releases.

Sweatcoin is a fitness movement that jumps on the Move-to-Earn trend and lets users convert their steps into cryptocurrency. As people walk, they earn SWEAT tokens that they can exchange for rewards.

Sweatcoin's creators have always been interested in the ways cryptocurrency and physical health could intersect. However, at the time the app was released, they felt that the public wasn't comfortable enough with crypto to use it as an exercise reward. After years of perfecting the app, Sweatcoin has announced they’re finally ready to take the next step. Sweatcoin crypto is built on Ethereum and uses NEAR as its blockchain. Its users can now generate — what else? — SWEAT.

Launching Sweatcoin crypto has been a very exciting experience. Its app has over 63 million users who’ve walked a combined total of more than 20 

 steps. When SWEAT was first announced, users were allowed to exchange their tokens for a corresponding quantity of SWEAT cryptocurrency. The ability to convert their rewards into crypto has been the world's largest crypto giveaway. Just 24 hours after announcing their plan to add crypto to the app, more than 150,000 Sweatcoin users opted in to the program.

Since then, more and more users have decided to make the switch. More than a quarter of a million users are now committed to generating Sweatcoin crypto. Unlike traditional cryptocurrency, users won’t have to use their own money or computers to generate crypto. Instead, all they need to do is walk. This is a promising new advancement that will revolutionize the crypto industry, with SWEAT crypto set to launch sometime this summer.

It's impossible to discuss Sweatcoin without the concept of "move-to-earn" being brought up. Called M2E for short, it’s a recent innovation pioneered by apps such as Sweatcoin. The whole idea is for people to make passive income by performing everyday physical activities.

Sweatcoin and other M2E programs use gamification to help people become healthier. As people exercise, they can look at their phones and see themselves racking up rewards. This gives our brains an extra little boost of motivation that makes it even easier to work out. Most M2E programs focus on basic activities, like taking steps. However, some apps might also encourage people to participate in other activities like running, jogging or even jumping.

To take advantage of all the great Sweatcoin perks, you’ll first need a Sweatcoin account, which you can create through the Sweatcoin app or website. All you need to provide is your email address, phone number and first name. Once you have your account, you'll need to link it to a device that tracks your fitness.

How does Sweatcoin work with a device? Sweatcoin currently works with Android smartphones, iPhones, and Apple Watch 2 and 3. You'll need to have your GPS enabled for the app to work. Though the Sweatcoin app does consider your device's movement sensors when recognizing steps, it needs high-accuracy GPS to confirm your steps. Whether you're going for a jog or just walking around the house, the Sweatcoin app will be able to count each step you take.

Sweatcoin can help you maximize your steps. The app's motion-tracking device works best while the app is running. If you quit the app, Sweatcoin might not be able to log your steps effectively. Also, keep in mind that some Sweatcoin reviews mention the app might not be totally accurate if you use a treadmill or other stationary device. The app does have some very robust anti-cheat measures, so you can't use usual "hacks" — like swinging your phone back and forth to earn more steps.

Starting in just a few months, the Sweatcoin app is adding a whole new reward to its system. Users will be able to convert their Sweatcoins into SWEAT. SWEAT is an official cryptocurrency that has real-world value and will have a variety of interesting applications. You can still use it to pay for typical Sweatcoin rewards, or you can do things like exchange it for another crypto, sell SWEAT for traditional currency, or purchase NFTs with it. Thanks to the crypto conversion feature, the Sweatcoin app will literally let users walk to earn Bitcoin.

What is a Sweatcoin or SWEAT token? To put it simply, this will be the signature crypto of the Sweatcoin app. As Sweatcoin finally transforms into the creators' original idea, it will begin to let users generate cryptocurrency by walking. SWEAT is an asset based on Ethereum blockchain technology, so it’s a little more functional than ordinary crypto.

Like other cryptos, the Sweatcoin price will fluctuate, its value being determined by supply and demand. Furthermore, SWEAT will be harder to mine as time progresses. Just as with Bitcoin, it will take more work to mine each individual SWEAT token over time. Therefore, the steps you take now will earn you more Sweatcoin crypto than the steps you take later. This is an intentional feature that motivates users to exercise now instead of procrastinating.

As of right now, SWEAT tokens do not yet digitally exist. Instead, they will be created in a token generation event (TGE) when the new system is launched. 

Like Sweatcoin, STEPN has started allowing users to earn crypto. They offer two forms of crypto: Green Metaverse Token (GMT) and Green Satoshi Token (GST). Users can only receive GMT if they have a level 30+ shoe. This crypto is available on Coinbase, and it's already generated a lot of interest among crypto investors.

Ultimately, STEPN is a good choice if you need to be highly engaged in the M2E process. It's also ideal for serious runners, who can rack up a lot of points. However, for the typical user, the Sweatcoin crypto app is simpler and easier to use. Reviewers point out that you can just let it run in the background, and you don't have to sprint around to get coins. Just everyday walking will be enough to earn crypto.

It's impossible to thoroughly compare SWEAT and GMT, since the Sweatcoin crypto hasn't been released yet. However, it's worth noting that STEPN’s user base doesn't even come close to the more than 63 million users Sweatcoin has. This means that once SWEAT is released, the platform will instantly have a lot more owners and traders. Such robust action could end up making the SWEAT crypto more valuable than GMT.

 has multiple ways to earn, it can be very lucrative. However, unlike Sweatcoin crypto, you don't necessarily earn your crypto strictly through moving. The marketplace and NFT aspects add an extra layer of strategy to 

. Therefore, this M2E option is usually only good for those who want something more gamelike. Sweatcoin reviews find that Sweatcoin is more user-friendly.

Lympo is a smaller M2E company that combines several different concepts into a single design. Like Sweatcoin, you can earn simply by having your steps tracked. You can also earn rewards by answering surveys and playing sports-based games. The app's sports NFTs ecosystem includes multiple cryptos, including LMT, LYM and SPORT. LMT is a tradable crypto that’s the native currency for Lympo games.

Hypothetically, you can use your general movement to earn LMT that has real-world value. However, the app and its games have a somewhat convoluted structure. Compared to Sweatcoin, the translation between physical activity and crypto is less straightforward. Due to the app’s setup, you have to do quite a few things to actually earn anything of real value. Sweatcoin’s reviews are generally more positive than Lympo’s.

Ultimately, all of Lympo’s tokens are promising, but they have a few key downsides. Despite generating some fairly interesting ideas, the company has struggled to implement them in a user-friendly way. Frequent changes in the way tokens are earned and exchanged have caused some confusion among users, and the app has had some bugs and security breaches. In addition, Lympo crypto prices have been plunging for a while. Therefore, this M2E company may have less potential than Sweatcoin crypto and other competitors. Most of its cryptos haven't picked up much steam in online markets, so SWEAT will most likely outperform it.

Sweatcoin reviews explain that the company will create a large number of tokens and give them automatically to its users. Every user who opts into the new SWEAT plan can receive Sweatcoin crypto based on their current number of Sweat coins. So if you have 2,000 coins, you’ll get 2,000 SWEAT deposited in your Sweat Wallet, and you'll also get to keep your existing coins.

The SWEAT token will add a lot of extra utility to the app, so you can expect Sweatcoin reviews to be even more positive. It can still be used to obtain prizes from Sweatcoin partners, just like the Sweatcoins users previously earned. However, SWEAT tokens will also have their own intrinsic value. Users can hold onto them as a form of investment, or exchange them for other types of cryptocurrencies. SWEAT will be available on a variety of crypto exchanges, so you’ll also be able to convert it to hard cash if desired.

Since SWEAT isn't in circulation yet, we don't have exact data on the Sweatcoin price, supply or market cap. However, there’s enough information on the crypto to start making some estimates for a Sweatcoin crypto review.

First of all, let's look at current Sweatcoin prices. At present, the exchange rate for a Sweatcoin is somewhere between $0.05 and $0.10. However, this price is based on the buying power of a coin in the Sweatcoin marketplace. As the company transitions to cryptocurrency, there may be more volatility in the Sweatcoin price. Other M2E cryptos range from around $0.00295 to $15.00 in value. Industry experts predict that Sweatcoin crypto (SWEAT) will start with a value on the lower end of Sweatcoin and increase quickly toward higher M2E crypto prices as more users opt into the program.

How Many Sweatcoin Crypto Tokens Will Be in Circulation? 

At the token generation event, this will depend on how many users opt into the program. Currently, about 250,000 Sweatcoin app users want to start generating crypto. The average Sweatcoin user has walked about 317,500 steps, which would earn them roughly 300 Sweatcoins. This could result in an initial circulating supply of roughly 75 million SWEAT crypto tokens.

Adding cryptocurrency elements to the Sweatcoin app provides a whole new opportunity for investment. Even people who don't want to learn the answer to the question, "What is Sweatcoin," or walk for steps, can still buy and sell SWEAT crypto on the market. Will this be a good investment? Like any other crypto, it is impossible for a Sweatcoin review to guarantee whether or not the Sweatcoin price will constantly increase. Those who own SWEAT should expect natural variations in price as the market fluctuates.

That being said, Sweatcoin crypto does seem poised to become one of the trendiest new cryptos. For years, there have been people hoping an M2E app would let them earn crypto by walking. As Sweatcoin reviews show, Sweatcoin is the first company to provide a simple, straightforward process — instead of a convoluted, game-like system. This will most likely be quite popular with consumers, and all the talk about the app will provide a boost for prices.

Due to the way SWEAT crypto is designed, investing now is certainly a good move. In the early stages of the crypto, you’ll get more SWEAT tokens for your steps. Over time, SWEAT tokens will be harder to earn, increasing their intrinsic value. Those who get SWEAT crypto early on may experience some exciting returns on their investment.

Now that you know what Sweatcoin is and how it works, it's easy to see its potential as the team rolls out its future plans and we SWEAT become a massive player in the M2E market. We hope that this review will help you decide whether or not you want to try earning Sweatcoin crypto or investing in the market. Ultimately, if you want some incentive to move around more, there's no harm in giving Sweatcoin crypto a try, as it's free to download and easy to pick up on.

What Is Sweatcoin (SWEAT): Turn Steps Into Sweatcoin Crypto With Move-to-Earn

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards