Walk&Earn

Summary

• Sweatcoin is a free app that pays you to track your steps and earn Sweat Economy (SWEAT) tokens, a type of cryptocurrency.

• The value of Sweat Economy tokens is relatively low, but they can be used to purchase various products and services on the app's marketplace.

• While you can't directly cash out your SWEAT, you can convert them to USD or other currencies on certain platforms or sell them on cryptocurrency exchanges.

It's often difficult to get yourself outside for a walk or a run. Tiredness, lack of motivation, weather, and many other factors affect how often we work out. Sometimes, these factors prevent us from exercising altogether.

But what if there was an app that paid you to get moving? This is what Sweatcoin claims to do, but does it work? Is Sweatcoin worth it? To answer this question, let's discuss how Sweatcoin works and whether you can make money from it.

What Is Sweatcoin?

Sweatcoin is a free-to-install smartphone app available on Android, Windows, and iOS. The app tracks the steps you take in a day, just like any other track-stepping app you can install.

Sweatcoin connects to your Google Fit, Apple Fit, or similar default fitness app to log your daily steps. You can use the app while walking or running outside or using a treadmill, so it's suitable for any occasion. Each tracked step goes towards earning a Sweat Economy (SWEAT) cryptocurrency token.

But this constant tracking of your steps does mean that your battery can drain quicker than it would without the app. This can be a problem when you're away from home and don't have a portable charger, so it's worth keeping in mind.

Before you install the app and get started, it's also worth noting that you won't be making big bucks using Sweatcoin. Of course, getting paid to walk or run is great in any respect, but the payout is pretty minimal, nonetheless.

With every step you take, you earn a fraction of one SWEAT, a type of cryptocurrency asset available on exchanges like Coinbase and Binance.

It takes 1,000 steps to earn one Sweat Economy token. If you're particularly active, you could earn ten or more SWEAT daily and a few hundred SWEAT tokens monthly. The app offers a marketplace and an auction section. It also lets you donate your Sweat Economy tokens to a fixed list of charities, but we'll discuss these in more detail a little later. Finally, you can also exchange your SWEAT for Bitcoin.

On top of this, you can connect to friends, follow users, and gain your followers on the app. If you invite a friend to the Sweatcoin app, you can earn five additional Sweat Economy tokens and even enter a prize draw to win prizes.

Though the standard app version is free, it also has a Premium version, which costs $4.99 monthly or $24.99 annually. The Sweatcoin Premium version lets you earn twice as much SWEAT per step and gives you access to Premium features. But the regular payment means it's only really worth it if you walk or run a lot. Otherwise, you may spend more money every month than the Sweat Economy tokens you earn.

Sandwiched between the free and premium versions of the Sweatcoin app is the Troublemaker version. The Sweatcoin Troublemaker version costs $1.49 monthly and allows you to multiply every step you take into two, essentially doubling your overall earnings. However, where Sweatcoin Premium has a daily limit of 100 Sweat Economy tokens, you can only earn up to 25 Sweat Economy tokens daily while subscribed to the Troublemaker plan.

Download: Sweatcoin for Android | iOS (Free, premium version available)

But what exactly is the Sweat Economy? Is it simply a symbolic currency that represents legal tender or something else entirely?

Is Sweat Economy (SWEAT) Worth Anything?

Sweatcoin launched a cryptocurrency known as Sweat Economy (SWEAT) in September 2022, with over $1 million in SWEAT tokens being sold via the MakerDAO platform before hitting the market.

The Sweatcoin app isn't a scam. What you earn does have value, as SWEAT tokens value. But one Sweat Economy token is nowhere near as valuable as one US dollar. At the time of writing, one SWEAT is worth around $0.0074, while SWEAT's all-time high is $0.091 (14 September 2022). We can use the app's marketplace to understand what exactly you can do with your Sweat Economy tokens.

The items or services you can buy with Sweat Economy will differ based on your location, but you should have a range of different options to choose from. For example, you can get your hands on beauty products, earphones, or snack subscription boxes. If you're looking for a price slash on services, you can get discounts on fitness memberships or online educational courses.

Sweatcoin also offers vouchers for Amazon, allowing you to buy whichever product you'd like at a discounted price. Some deals give you large discounts if you spend a certain amount of money on a given site.

You can use SWEAT in the app's auction to bid on big items, like gift cards worth hundreds of dollars, smartwatches, and gaming consoles. This works like a traditional auction, where you bid your Sweat Economy tokens until you win the auction item or get your Sweat Economy back if you lose. But remember that these big prizes usually have very high bids on them. You'll want to make sure you have a considerable amount of SWEAT in your wallet before entering.

The same goes for buying products using your SWEAT. As discussed earlier, you need to walk 1,000 steps to earn one Sweat Economy, so you won't be able to get much from one or two thousand steps. Offers usually begin at five or so Sweat Economy, but these are often for discounts, not physical products. So, get those steps in if you want to expand your options on the app's marketplace.

When it comes to items or gift cards, bids can reach tens of thousands of Sweat Economy or even more. So, if you want to be in with a chance of grabbing a big ticket item, you'll need to get walking!

Sweatcoin also has a range of deals and coupons up for grabs, such as discounts on retail products and food ordering apps. You can also buy various other kinds of gift cards on top of Amazon with your Sweat Economy funds.

In Sweatcoin's donation section, an overall goal is set, and you can contribute to this with as many Sweat Economy tokens as you like. After all, exercising to help those in need is truly a win-win situation!

But what if you're not interested in Sweatcoin's marketplace or donation options and want to cash out and convert it into legal tender?

Initially, Sweatcoin did not offer a cash-out option, but things have since changed. While you cannot directly cash out, you can convert your Sweat Economy tokens to USD or another currency on MoonPay and Gate.io.

You can also sell your SWEAT on several cryptocurrency exchanges if you want to make a direct profit. As previously mentioned, platforms like Bitfinex allow the trade of Sweat Economy. However, your choice is far more limited than it would be for more popular and well-established cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.

SWEAT is the native coin of Sweat Economy, a Web3 project created by Sweatcoin. This platform also has a wallet for storing SWEAT, known as Sweat Wallet. With SWEAT, Sweatcoin users can access more perks and prizes in exchange for their steps.

Sweat Wallet is available as a free mobile app for Android and iOS.

You can log into the Sweat Wallet app by linking your Sweatcoin account. This handy app lets you keep track of your SWEAT holdings and also allows you to stake your SWEAT for a yield of up to 15 percent annually. By staking SWEAT, you can get access to some amazing rewards through prize draws. These prize draws vary, but all offer some great rewards, such as Disneyland tickets, a PlayStation 5, shopping vouchers, and even an iPhone 14.

If you'd like, you can buy more SWEAT using the Sweat Wallet app.

You cannot use the Sweat Wallet app if you are from the USA, China, or Russia. This is due to legal restrictions.

Download: Sweat Wallet for Android | iOS (Free)

Sweatcoin Is Legitimate:-

In short, Sweatcoin is not a scam, and you can get products for free or at a discount by tracking your steps. However, Sweatcoin still has its limitations in terms of what you can buy and where, and the rewards don't come as easily as you'd want.

If you're an avid walker or runner or want to encourage yourself to get moving, Sweatcoin is a great option for you.