Sweatcoin Walking Step Counter

Sweatcoin is a digital health and fitness platform that incentivizes physical activity by converting steps into a virtual currency known as sweatcoins. Launched in 2014, the app has become a global leader in the 'move-to-earn' category, rewarding users with digital assets that can be redeemed for physical products, services, or donated to charitable causes. In 2022, the platform expanded its ecosystem with the introduction of the SWEAT token, a cryptocurrency minted through movement, bridging traditional fitness tracking with Web3 technology.

The brand and its underlying technology were developed by SweatCo Ltd, a London-based technology company. The application is maintained and updated by a team primarily based in the United Kingdom, where the company's core research, development, and administrative operations are headquartered. As a digital product, while the software is managed and deployed from the UK, it is accessible globally across various mobile platforms.

Ownership of Sweatcoin remains with its parent company, SweatCo Ltd, which is a private limited company. The firm was co-founded by Oleg Fomenko, Anton Derlyatka, and Egor Khmelev. Over the years, the company has secured significant backing from high-profile venture capital firms such as Goodwater Capital, Greylock Partners, and Seedcamp. As of 2026, SweatCo Ltd continues to operate as an independent entity, maintaining its headquarters in London, where it oversees the continuous development of both the Sweatcoin app and the broader Sweat Economy ecosystem.