The Sweatcoin app is part of the new generation of step counters. It monitors your activity and pays you a digital currency (Sweatcoin) for the steps you take to go shopping, training, buying sports kits and other activities that promote fitness and wellness.
If you need some extra motivation to get you out of the house and more active, or you’re already a fitness fan, Sweatcoin is an excellent opportunity to earn some benefits by sweating and exercising. Sweatcoin is a great way to earn merit-based rewards by staying on the move, although the issue of payment is still a bit confusing as we’re still in the process of learning about cryptocurrencies and digital currencies.
But, don’t fret! We’re going to tell you a little more about some terminology like cryptocurrency and blockchain, which are easier to understand than you might imagine.
So, what exactly is Sweatcoin?
As we already mentioned, Sweatcoin is a digital currency that you earn by running or walking. To start earning Sweatcoin, you just have to download the Sweatcoin app and leave it running in the background on your smartphone all the time. The app also needs access to the GPS feature on your phone, so it knows your location. Every time you go out for a walk, run or exercise, the app tracks your movement and converts the steps you take into Sweatcoins (SWC). How much does it pay? Well, you’ll earn 1 SWC for every 1052 steps.
Once you’ve accumulated enough SWC, you can then exchange them for things like Amazon credits, sporting goods, music, air miles or gift cards. The offers available are constantly changing as they’re based on Sweatcoin’s agreements with Tidal, PayPal and other companies. You can exchange your SWCs through the Sweatcoin marketplace in the app. In other words, it’s not a cryptocurrency, but more of a virtual reward that you can redeem in the app’s marketplace.
One of the things that might startle you is the high “costs”, wireless Earin earplugs will set you back 6999 SWC, and you’ll need to collect 20,000 SWC if you want an iPhone 8. The numbers may seem ridiculous, but let’s remember, nobody has paid us anything for walking or doing a bit of exercise through an app until now!