Renowned dieticians suggest that walking 6000 to 8000 steps daily is the optimal range for maintaining good health. According to the prominent medical journal Lancet, the number of obese individuals has surged from 857 million to 2.1 billion over the past three decades. This crucial statistic underscores the significance of staying active and engaging in physical exercise in our lives. Although experts affirm that moving and exercising are essential, it’s important to motivate people to take action in this regard. What if we told you there was an enjoyable way to exercise? In this article, we introduce an application that encourages people to walk while also saving money as they do so. This app, known as Sweatcoin, rewards users with sweatcoins, which can be collected within the application, in exchange for the steps they take while walking. Here are the details about Sweatcoin.
Foundation of Sweatcoin
The Sweatcoin app was established in 2016 by two entrepreneurs, Oleg Fomenko and Anton Derlyatka. Sweatcoin rewards its users for their physical activity. This isn’t just about taking a few steps; for every kilometer you walk, run, or cycle, you earn a certain amount of ‘Sweatcoin’ from the application. You can use the Sweatcoins you earn for various products, services, or discounts within the application. These rewards can sometimes be sports equipment, fitness gear, or even holiday packages. “If you remember that your steps can be turned into something valuable, you’re a little more likely to walk instead of taking the bus,” Derlyatka said about Sweatcoin.
How Does Sweatcoin Work?
The Sweatcoin app is available on both iOS and Android operating systems. After downloading the application to your phone, you can pair it with your smartwatch, making it easier to monitor your steps. When installing the application on your phone, you must provide your name, phone number, email address, and grant GPS location access to your phone’s system. The reason the application requires GPS location access is that Sweatcoin only counts steps taken outdoors.
So, in reality, Sweatcoin enhances your health both physically and mentally by motivating you to be more active.
Sweatcoin’s goal is to improve individual health and decrease the global carbon footprint by encouraging people to be more active.
In line with this vision, the application offers its users a game with a play-to-earn logic. However, this game is not an ordinary mobile game; it is called “win-win” and is actually a M2E (move-to-earn) style of game. Thanks to this game mechanic, users have the opportunity to earn cryptocurrency by increasing their physical activity during their daily routines.
There are three ways to earn sweatcoins in the Sweatcoin application. The first is SWEAT, the cryptocurrency given to you based on the number of steps you take. The second method is watching short video clips. Once you exceed 500, 1000, or 2000 steps, you can earn designated bonus rewards by watching video clips. With the third method of earning coins in the Sweatcoin application, you can earn 5 sweatcoins for each person you refer to use the application.
What is Sweatcoin (SWEAT) Used For?
Sweatcoin (SWEAT) is the utility token of the Sweat App, used to convert your workouts into cryptocurrency, specifically SWEAT tokens. You can use these tokens to purchase products and services from merchants that accept crypto, donate them to various charities, or exchange them for other digital currencies.
Where to Buy Sweatcoin (SWEAT)?
Aside from earning SWEAT coins by completing fitness tasks and performing various physical exercises, you can also purchase SWEAT tokens through some of the most prominent cryptocurrency exchanges such as OKX and ByBit. Feel free to check out our best cryptocurrency exchange reviews for more options.
How Long Has Sweatcoin (SWEAT) Been on the Market?
Sweatcoin (SWEAT) was introduced to the public in 2016, coinciding with the launch of the Sweat platform and application.
Thank you for reading.
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