Getting yourself to go for a walk or a run outside is frequently difficult. We work out less frequently because of fatigue, a lack of enthusiasm, the weather, and other variables. Unfortunately, these factors can sometimes prevent us from exercising at all. What if there was an app that produced you to move? Sweatcoin claims to achieve this, but does it work? Is Sweatcoin a worthwhile investment? Let’s examine how Sweatcoin works and whether you can make money from it to answer this question.
What Is Sweatcoin?
Sweatcoin is a free-to-install smartphone app available for Android, Windows, and iOS. The app tracks your daily steps exactly like any other track-stepping app you can install.
Sweatcoin connects to your default fitness apps, such as Google Fit, Apple Fit, or any similar app, to track your daily steps. The app may be used while walking or running outside or on a treadmill, making it appropriate for any situation.
However, the constant tracking of your steps means that your battery will drain faster than it would without the app. It’s worth remembering that this can be a problem if you’re away from home and need a portable charger.
Before you install the app and get created, it’s worth mentioning that Sweatcoin isn’t make you rich. Of course, getting produced to walk or run is fantastic, but the money is quite low.
You earn a fraction of one Sweatcoin for every step you take, a form of cryptocurrency asset available on exchanges such as Bitfinex and Tapbit. One Sweatcoin requires 1,000 steps to earn. If you’re especially active, you could earn tens of Sweatcoins daily and hundreds of Sweatcoins each month. The app has a marketplace as well as an auction area. It also allows you to contribute your Sweatcoin to a predetermined list of charities, which we will discuss later. Finally, Sweatcoin can be exchanged for Bitcoin.
On top of that, you can use the app to connect with friends, follow users, and get your followers. For example, if you refer a friend to Sweatcoin, you can earn five more Sweatcoins and join a prize draw to win rewards.
The app’s normal version is free, but a Premium version costs $4.99 monthly or $24.99 annually. Sweatcoin Premium allows you to earn twice as much Sweatcoin per step and has access to Premium features. However, the ongoing payment makes it only worthwhile if you walk or run a lot. Otherwise, you risk spending more monthly money than you earn in Sweatcoin. When you join Revolut, you will also receive three months of Sweatcoin Premium for free.
The Troublemaker version of the Sweatcoin app is sandwiched between the free and premium editions. Sweatcoin Troublemaker costs $1.49 a month and allows you to double every step you take by two, doubling your profits. However, whereas Sweatcoin Premium has a daily limit of 100 Sweatcoins, the Troublemaker plan only allows you to earn up to 25 Sweatcoins daily.
But exactly what is Sweatcoin? Is it simply a sign of legal cash, or is it something else entirely?
Is Sweatcoin Worth Anything?
Sweatcoin is a cryptocurrency that lives as a virtual asset on a blockchain.
In short, the Sweatcoin app is not a fraud, and the currency you earn is valuable. However, one Sweatcoin is not worth the same as one US dollar. At the moment of writing, one Sweatcoin is worth approximately $0.013, with an all-time high being $0.091 (14 September 2022). We may use the app’s marketplace to learn more about what you can do with your Sweatcoin.
The items or services you can buy with Sweatcoin will vary depending on where you live, but you should have various options. You can, for example, obtain beauty products, earbuds, or snack subscription boxes. In addition, to save money on services, you can get discounts on fitness memberships and online educational courses.
Sweatcoin also provides certificates for Amazon and PayPal, allowing you to buy any goods you like at a reduced price. In addition, some promotions offer substantial discounts if you spend a certain amount on a specific website.
Sweatcoin can be used to bid on large items like gift cards worth hundreds of dollars, smartwatches, and gaming systems in the app’s auction. This operates like a typical auction in that you bid your Sweatcoin till you win the auction item or get your Sweatcoin back if you lose. However, remember that these major rewards frequently have very high bids. So before entering, ensure you have a substantial amount of Sweatcoin in your wallet.
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The same is true when you use your Sweatcoin to buy products. To earn one Sweatcoin, you must walk 1,000 steps, as previously explained. To be in the market for this product, you’ll need to walk a lot. A $20 Amazon coupon presently costs 8,000 Sweatcoin. Other products, however, are far less expensive, particularly the free cosmetic products and subscription discounts.
In any event, you will need more than one or two thousand steps. Offers typically start at five or more Sweatcoin. However, these are frequently for discounts rather than tangible products. So, to broaden your options in the app’s marketplace, take those steps. Bids on items or gift cards can reach tens of thousands of Sweatcoins. So, if you want a chance at a large-price item, you’ll need to walk!
Sweatcoin also offers a range of discounts and promotions, including discounts on retail products and restaurant ordering applications. You may also use your Sweatcoin cash to buy gift cards from the Apple App Store and Google Play Store on the top of Amazon.
An ultimate objective is defined in Sweatcoin’s donation section, and you can contribute as much Sweatcoin as you like. After all, working out to help those in need is a win-win situation!
But what if you’re not interested in Sweatcoin’s marketplace or contribution options and want to cash out and exchange it for legal tender?
Sweatcoin did not initially provide a cash-out option, but things have evolved. While you cannot immediately cash out your Sweatcoin coins, you may use them to buy PayPal gift cards, which you can use to shop on any platform supporting the seller.
You can also sell your Sweatcoin on several cryptocurrency exchanges to make a direct profit. Sweatcoin can be traded on platforms like Bitfinex, as previously indicated. However, your options are significantly more limited than for popular and well-established cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.
But Sweatcoin is far from the top of things here. Sweatcoin released the SWEAT cryptocurrency in September 2022, with over $1 million in SWEAT tokens sold on the MakerDAO platform before entering the market.
Sweat Economy, a Web3 project built by Sweatcoin, uses SWEAT as its native coin. Sweat Wallet is a wallet for storing SWEAT on this platform. In addition, Sweatcoin users can access more bonuses and prizes through Sweat Economy in exchange for their steps.
Sweatcoins earned on the app can be converted to SWEAT, which can be purchased or sold on various major exchanges such as Coinbase and Binance.
Sweatcoin Is Legitimate, but It’s Not for Everyone
In brief, Sweatcoin is not a fraud, and by measuring your steps, you may acquire products for free or at a discount. However, Sweatcoin still has limitations regarding what you can buy and where you can buy it, and the incentives are more challenging to come by than you’d want.
Sweatcoin is a terrific alternative if you’re an ardent walker or runner or want to motivate yourself to exercise.
