Sweat Economy Introduces Learn-to-Earn Mechanics
Sweat Economy has announced the integration of the Learn-to-Earn model into its mechanics. Beta test shows Learn-to-Earn achieves high level of user engagement with better rewards for users.
As we gradually transition from the familiar Web2 to the new-age, unfamiliar Web3, we need to educate users who will be continuing many of their daily activities on Web3-based applications and platforms. To augment the deficiency in information regarding cryptocurrency and related topics, companies have decided to introduce the learn-to-earn model to encourage users to know more about crypto, wallets, and blockchain technology.
This idea is to reward users with tokens when they learn about cryptocurrency. In most cases, users are rewarded with the coin they learn about or the coin that the platform offers. This will make them more likely to engage with the application to know more and earn rewards. A significant player in the learn-to-earn community is the Sweat Economy. This team has witnessed tremendous growth since its launch. It has been rated the fastest growing Decentralized App (DApp), raking about 7% of the entire cryptocurrency wallets.
Recently the Sweat team ran a beta test on the learn-to-earn feature of their Sweatcoin application. The engagement on the application is said to provide new ways of exploring business opportunities between community members and partners. This will also be a fantastic way to reward people for learning more about crypto and a platform for partners to acquire customers.
So far, more than 100M users actively engage with the Sweatcoin app, with the projection to reach out to more people. Below is the projected workflow of the "Sweat" economy to ensure a smooth learn-to-earn provision.
Cryptocurrency app users on the platform are provided multiple-choice questions to be answered by tapping on the correct option. Upon choosing the right choice, users are rewarded.
Partnerships and on-chain activity
With most learn-to-earn platforms operating off-chain, the Sweat economy will move the on-chain feature to the Sweat Wallet application to allow users to interface directly with on-chain activities.
The Sweat economy makes room for partners willing to sponsor the learn-to-earn. Partners are allowed to choose which question will be presented to users. They also make provision for the rewards winners will get. It will be a brilliant move for brands seeking awareness and investors.