Sweat Economy, a decentralized application focused on fitness, is set to take a governance vote on what to do with 2.5 billion tokens that are currently sitting idle in user accounts. According to a blog post, these SWEAT tokens, which make up 13% of the total supply, were allocated to users at the app’s launch last September, but the users have not completed the steps necessary to claim them.
The vote will decide what the Sweat Foundation will do with the tokens, such as burning a percentage, funding operational costs, or supporting future product launches, the blog post said. To be accepted or denied, the proposal must receive a minimum of 75,000 votes. The vote will last for seven days, with the possibility of a three-day extension, and will follow the one-person-one-vote-format used in a previous poll in April.
Sweat Economy is a move-to-earn platform, in which users are rewarded with SWEAT tokens for staying active. These tokens can then be converted into other cryptos or used to purchase products.