Home Market Sweat Economy to decide the fate of 2B idle SWEAT tokens via Governance Vote

Sweat Economy to decide the fate of 2B idle SWEAT tokens via Governance Vote

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  • There are 2 billion idle SWEAT tokens in inactive user accounts.
  • These idle tokens account for approximately 13% of the total SWEAT token supply.
  • Sweat Economy has launched a new governance vote to determine the fate of these idle tokens.

Pioneering monetization project Sweat Economy today kicks off a new governance vote for its Sweat Wallet application, due to launch this year in the United States. A vote to allow the community to decide the fate of his 2 billion idle SWEAT tokens in inactive user accounts.

Idle tokens were locked with a 24-month contract within an inactive user account. However, it is not clear what happens to the token once the lockup time ends.

These tokens sat unclaimed after the Token Generation Event (TGE) held last September. Many Sweat Economy users did not activate her Sweat Wallet application to obtain tokens.

New Sweat Economy Governance Vote

A new governance vote will give SWEAT token holders a chance to participate in answering deep-seated questions about what to do with these idle tokens.

Users can either collect 2 billion idle SWEAT tokens and transfer them to Sweat Treasury for future distribution or other uses determined by future voting, or transfer these tokens to inactive user accounts. You will have to decide whether to keep it.

75,000 votes need to be cast for the proposal to be approved or not. Starting today, the voting process will run for seven days to give everyone a fair chance to participate. Voting may be extended if an influx of voters is expected.

There were 153,783 participants in the latest voting process, and considering the number of tokens in dispute, we believe the sweat economy can expect even higher engagement.

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