![]() ![]() Lastly, Sweatcoin advises keeping the app running in the background at all times so it can accurately track steps. This will cost you Sweatcoins rather than cash. To earn more, you need to upgrade to a higher membership level. Then, the free version of the app only allows users to notch up five coins each day. It will take you over 30 years to make that amount if you take 10,000 steps per day.Īlso, Sweatcoin admits that its verification algorithm is flawed: it only counts for about 65% of a user’s total steps on average. Note: the iPhone XS listed on the sweat marketplace costs 20,000 tokens. That is even far-fetched because an average person does not makeup to 10,000 steps in a day. That means you have to make 20,000 steps to make around one dollar worth of tokens. At the moment 1 token market price is $0.06 (according to data from coinmarketcap). If you make 10,000 steps per day, that is 10 Sweat tokens. There are talks that Sweatcoins are hard to earn. That means that while there is an unlimited supply of SWEAT to ensure that people keep moving, it will get increasingly harder to create. The company estimates that in a year 1,000 steps will equal roughly 0.33 SWEAT, in two years 0.19 SWEAT and in 10 years just 0.02 SWEAT. Subsequently, each SWEAT will need more steps to mint than the last. However, in keeping with the app’s mission to get more people moving – and to preserve the utility, because the model “represents an ever-increasing marginal cost of production” – SWEAT will get harder to mint over time. The token is also now tradable on top crypto exchanges like Okx, BitFinex, FTX, Bybit and Kucoin.Īt the moment, 1,000 steps equal one SWEAT token. Sweat tokens can be traded in-app for fitness gear, workout classes, gift cards and a number of other offerings. Related post: All you need to know about the Metaverse and 4 ways you can take advantage of it ![]() The app also has anti-cheat measures, you can’t earn more steps by swinging your phone back and forth. Notably, some Sweatcoin reviews mention that the app might not be totally accurate on treadmills or other stationary devices. ![]() If you quit the app, Sweatcoin might not be able to log your steps effectively. The app’s motion tracking device works best while the app is running. Sweatcoin can help you maximize your walks. The app then tracks how many steps you take in a day and rewards you with sweat tokens according to your movements. ![]()
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