MiCA-Compliant White Paper

In accordance with Title II of Regulation (EU) 2023/1114 (MiCA)

01 Date of notification

2025-07-18

02 Statement in accordance with Article 6(3)

This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. Responsibility for the content of this crypto-asset white paper lies entirely with the offeror of the crypto-assets.

03 Compliance statement

This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council on markets in crypto-assets and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937.

04 Statement in accordance with Article 6(5)

The crypto-asset referred to in this white paper may lose its value in part or in full.

05 Statement in accordance with Article 6(5), points (e) and (f)

The crypto-asset referred to in this white paper is not covered by the investor compensation schemes in accordance with Directive 97/9/EC of the European Parliament and of the Council, nor by the deposit guarantee schemes in accordance with Directive 2014/49/EU of the European Parliament and of the Council.

06 Summary

SWEAT is the native utility token of the Sweat Economy ecosystem. It represents the value of users’ physical movement and is used within the Sweat Wallet to access exclusive product raffles and offers, quests, services, Grow Jars (an innovative physical activity linked staking product), and decentralized governance through SWEAT DAO. In addition, $SWEAT can be used as a universal gas token removing the need for the user to own dozens of gas tokens to operate across multiple blockchains.

07 Warning in accordance with Article 6(7)

Warning: This summary should be read as an introduction to the crypto-asset white paper. Any decision to purchase crypto-assets should be based on consideration of the white paper as a whole. The offeror could be held liable under the applicable laws for any information given that is misleading, inaccurate, or inconsistent.

08 Characteristics of the crypto-asset

SWEAT is a fungible utility token issued on the NEAR Protocol and bridged to EVM chains. It allows users to engage with rewards, offers, staking, raffles, decentralized governance and gives users the ability to use it as a universal gas token across any of the supported blockchains (at the time of writing they are Near Protocol, BASE, Arbitrum, BSC and Ethereum Mainnet with the list expanding to all the major chains through the course of 2025-2026). There is no fixed supply cap; tokens are minted as users walk, following a dynamically increasing minting difficulty constantly reducing inflation and allowing for deflationary tokenomics given projects ability to generate revenues in both $SWEAT, other tokens and fiat.

09 Information about goods/services

Goods/services linked to $SWEAT include ability to cover blockchain fees on any chain, staking rewards, Web3 products and services in the Sweat Wallet, third-party rewards, and participation in governance. These services are redeemable via Sweat Wallet and its integrations.

10 Key information about the offer

SWEAT was distributed to eligible users via a Token Generation Event in September 2022. No minimum or maximum target was required. It is currently traded on major CEXs and DEXs, including Kraken, OKX, Bybit, KuCoin, MEXC, Bitget, Bitfinex, as well as Uniswap, PancakeSwap and Rhea.