What is Sweatcoin, and how can it benefit you? Coin Review

It has never been easier to turn your SWEAT into gold. Finally, Sweatcoin has found a way to convert physical steps into real-world cash.

It is no secret that our wallets govern our universal motivation. That’s true, whether the wallet is made of 20-year-old-stained leather or in a triple-encrypted MetaMask wallet. That being said, Web 3.0 is nothing if not disruptive. Cryptocurrency and the underlying blockchain technology decentralize individuals’ data. Sweatcoin App one-ups this fundamental concept and allows us, as individuals, to profit from our data. Granted, we must walk a few miles to do so, but at least now we can say that making money from Crypto is as easy as taking a walk in the park.

What is Sweatcoin, and what does it offer?

The world has been trying to make bank on their daily steps, from the introduction of Fitbit to the height of the Pokémon Go craze. Sweatcoin might have cracked the code on capitalizing on cardio through their revolutionary “pay as you walk” model. With the new app, Sweatcoin converts your daily steps into their newly minted currency, SWEAT. This coin-like token embodies the idea of turning your blood, sweat, and tears into cash. After all, is that not the epitome of the 21st-century dream?

What is Sweatcoin?

Sweatcoin is an app that utilizes SWEAT (SWC) to take back control of your physical footprint. Sweat is based on the Ethereum (ETH) and Near Protocol (NEAR) blockchains with real-world utility written into every line of code.

Sweatcoin is a free-to-use app for iOS, Android, and Windows devices. It has a relatively simple user interface that allows users to easily link it to their Google Fit, Fitbit, Apple Fit, or other simple fitness apps. These physical activity tracking apps allow the Sweatcoin app to convert your physical steps into digital currency. So whether taking a run on the beach or walking to the local bakery, your steps are si67lently turning into digital gold.

History of Sweatcoin

Sweatcoin is the love child of two Russian Fitness enthusiasts in their prime. Anton Derlyatka and Oleg Fomenko were inspired to create the app when Oleg lost his motivation to train. Oleg’s need to succeed in his start-up seemed far more critical than his long-term health at that moment. The realization sparked an idea in the England-based pair. The best way to reclaim one’s motivation is to capture future benefits and drag them into the present—their solution: a simple Web 3.0 app that allows people to get immediate rewards for exercise.

This plan had precisely 3 benefits.

1. Oleg regained his love of fitness.
2. Sweatcoin was born.
3. 64 million+ people are not only healthier but more prosperous for prioritizing their daily step count.

As of 2022, over 10 million people have downloaded the app and are making consistent strides towards a more active lifestyle. Anton Derlyatka, the co-founder of the Sweatcoin App, was recently interviewed about the projects and announced that the SWEAT team aims to make SWC an independent coin. The app plans to launch its very own Fiat option. The new function will allow users to link a debit and credit card and purchase other cryptocurrencies. Who knows… the future of Sweat might just become more than SWEAT.

How does Sweatcoin work?

Profit off your physical activity. This is set to become the quintessential move-to-earn game of 2022. This revolutionary app found a way to promote physical welfare while encouraging people to enter the Web 3.0 space. Yes, you’re hearing me correctly! Learning more about blockchain technology could improve your health.

Sweatcoin app flips the script on most fitness tracking apps by allowing people to profit directly from meeting their daily step goals. It uses fractional cryptocurrency to reward its users for earning portions of SWEAT for every 1000 steps they take. This eventually racks up and can ultimately be traded in for real-life rewards. Whether it’s a PayPal voucher or an Amazon discount, it’s never been more enticing to get off the couch and take a walk in the sunshine. The crowning jewel of the app even allows its go-getters to save up their SWC and eventually walk away from a brand-new iPhone X!

Technical Data

Token Name: Sweatcoin.

Ticker: SWEAT.

Blockchain: NEAR.

Token Standard: NEP-141.

Token Type: Utility & Governance.

Table 1: Technical data – Sweatcoin

The Sweatcoin app makes use of a utility coin that is similar in function to a cryptocurrency. This coin-like token, SWEAT (SWC), is built on the ultra-fast and secure Near Protocol blockchain.

The SWEAT token valuation was a leading topic at the Token Generation Event in 2022. The event saw the value of 1 SWEAT be equivalent to 1 Sweatcoin earned on the app. An additional perk to the app’s protocol allowed users to generate 1 SWEAT from their first 5 000 steps. After this, they revert to earning Sweatcoins.

Now, don’t worry. Sweatcoins and SWEAT are pretty similar, but the app’s goal is found in the future of SWEAT as a cryptocurrency outside its current utility inside the Sweatcoin app. This is the equivalent of earning in-game currency and being able to trade this in-game currency for valuable digital coins like ETH and BTC.

The bottom line is that Sweatcoin lays the foundation for turning your daily steps into digital gold.

How do you earn Sweatcoin?

Sweatcoin is, first and foremost, a subscription-based app that allows users to monetize their daily steps, even on its base level “freemium model.” On this level, you are called a “Mover.” An earning cap accompanies this level; of 5 SWEAT (SWC) a day. The app will use the data collected by your step tracking software to tally up your steps until you reach your target for the day. If you are the type who always meets their mark, your daily accumulation of steps will allow you to earn 150 SWC per month.

There is a way to increase your earning potential on the Sweatcoin app. Perhaps you’ve heard the phrase “you’ve got to spend money to make money.” This is precisely the name of the game when it comes to Sweatcoin and earning SWC. The best part is that you can use the app’s native currency to pay to unlock these tiers, so there is no need to make any deposits.

There are 4 levels on top of the “mover” level just waiting to be unlocked. Those are:

1. Shaker = costs 4.75 SWC per month, but it allows you to earn 300 SWC per month
2. Quaker = costs 20 SWC per month, but it reaches 450 SWC per month
3. Breaker = costs 30 SWC per month, and it makes 600 SWC per month
4. *Trouble Maker* – this level is still under construction.

On each of these levels, as long as you’re putting in the work to get your daily steps, you will be able to get back what you’ve spent every month and then some through the Sweatcoin apps. The concept of earning for taking mere steps is still mind-boggling.

How can I make money on this?

Sweatcoin is an outlier when it comes to apps as it is walking the murky waters into the world of Web 3.0 and paving the road for other play-and-earn model games. In this case, you’re playing a real-world walking-mod game. In that way, it gamifies physical exercise!

The best part about Sweatcoin is that it has efficient applications for the blockchain world. For those of us without unlimited mobile network coverage, Sweatcoin can operate without mobile data as it will sync up your data as soon as you reach a location with Wi-Fi coverage.

Recently, the developers have added some exciting functions.

1. Daily 2 x boost. This daily challenge allows the user to unlock a golden 20 minutes in which these steps are worth twice as much as they usually would. That’s double the Sweatcoin.
2. Daily Rewards. On top of your daily earnings from meeting your daily step goal, Sweatcoin allows app users to earn up to 3 rewards a day by completing daily tasks.
3. “Walk 1000 Step” Quest. This allows users to earn 0.95 SWEAT for every 1000 steps taken. This can cap out at 9.6 SWC per day if a player walks the required 10 000 steps.
4. Bid and Shop. This is one of the more intriguing features of the app that allows players to use SWC to buy from authentic world brands. It is permitted through Sweatcoin’s rich network of collaborating and invested international brands and labels. The former function allows players to use their SWC to bid on items sold through the Sweatcoin app from select brands.
5. Finally! This is the perk that most people are interested in. This final feature allows people using the app to buy PayPal, Amazon, and other Cash vouchers using SWEAT. It essentially acts as a means to convert in-app currency into real-world money! Bonus points if you use it to pay for your Netflix subscription.
6. On top of the hype and earning potential of Sweatcoin, it also allows its players to give back to the world by donating their SWC to a worthy charity or cause. In that way, they are bettering their health and clearing their conscience. Win-win.

Final Verdict

It’s by no means a get-rich scheme, but it can help you turn a profit on your perspiration. The trick is to combine your newfound digital treasure with a hint of entrepreneurialism to get the full benefit of your daily jog.

This blockchain-based token has extensive real-world applications. However, the fitness app is only the beginning of its utility. The immediate benefit of SWEAT can be felt in the digital wallets of its users and the pockets of charities of its user’s choice. SWEAT is truly the epitome of taking back ownership of our work and data to make a difference in our lives and the world around us.