People do various activities to keep themselves fit and healthy such as jogging, walking, exercise, and what not?
If you are a fitness freak, you are gonna love these activities. That’s cool.
But not everyone loves to sweat! Isn’t it?
It can be boring for some people. They need the motivation to stay fit and healthy.
There is a popular saying we have been listening from early childhood-
“Health is wealth”
And that’s pretty much true. Right?
But what if your health can make wealth for you?
Sounds kiddish, right?
Well, it’s possible now. There’s an app called Sweatcoin developed by Oleg Fomenko and Anton Derlyatka.
Sweatcoin rewards you for your daily exercise or chores like walking, jogging, etc.
Here is everything you need to know including How does Sweatcoin work?
What Is Sweatcoin?
As the name suggests, Sweatcoin is the coin that you get in exchange to your sweat.
Sweatcoin converts your steps into a digital currency called, yes you got it right, sweatcoins.
You can then spend sweatcoins on goods, services and experiences on their market place with their partners, donate to charity or exchange them with your friends and family for whatever you fancy.
The fitter and healthier you become the wealthier you get. As the Sweatcoin team say- Your movement has value!
The more you move -> the fitter and healthier you become -> the wealthier you get.
Sweatcoin uses your HealthKit step history data to continuously improve our algorithms and provide you with better offers at the right time.
Here is what giants around the globe say about Sweatcoin-
New UK health app Sweatcoin launched in the Apple app store this week and has been an instant hit.
New Apple app launches in Britain that pays people to get fit
Basically pays you to move and exercise, and it costs nothing to use.
The easiest way to make some side cash by doing what you already do naturally — walking.
The app that PAYS you to get fit: Sweatcoin rewards people for the number of steps they make every day
If ever you’ve needed an incentive to exercise, a new app could give you a much-needed boost to get active.
Sweatcoin Review: Is It Legit Or A Scam?
Well, it’s definitely not a scam.
It truly pays you for what it says. I can assure you about that. You actually get paid to walk.
Make sure to limit your expectations because you are not gonna paid 100s or 1000s of dollars every month.
But I love Sweatcoin because it pays you for what you actually do every day and it can be a source of motivation as well
Features Of Sweatcoin
Pedometer: Sweatcoin will run in the background, wasting no battery, to count your steps as a step tracker or pacer.
Marketplace: get exclusive offers for free, prizes, and discounts that you will not find anywhere else. You can redeem the coins you get by staying active, making Sweatcoin the first health-based currency ever.
Crowdfunding: If you want, you can also help causes that matter to you with your activity. Use your earned coins to help different charity projects by the NGOs that collaborate with us. We will give these organizations fiat currency (dollars, pounds, euros) once you’ve donated Sweatcoins to their cause.
Social sharing: ever wanted to organize a step competition with your friends? or create a group with your family and collaborate towards a common goal? Stay tuned, because we are revamping Sweatcoin with leaderboards, competitions, achievements, and more (these features are currently in beta, so you might have to wait a few weeks to get them).
Set up your goal: whether you have a New Year resolution or you just want to regularly challenge yourself, you can set up a goal and keep track of it on Sweatcoin.
Security: Sweatcoin uses its own algorithm to count your steps. That means that, unlike other apps, we don’t track your location and we don’t have to share any information with a third party. Your data is only yours (and will always be!).
How Does Sweatcoin Work?
Like any other app, Sweatcoin works on algorithms. It uses your device’s GPS, mobile data, and the relevant sensor of your device to count and record your steps.
There are 3 steps to get started with Sweatcoin-
1. Download And Register
2. Get Started With Your Walk
Once you have done your registration on the app, you are ready to earn sweatcoins every time you walk.
Make sure to keep the app running in background so that whenever you walk, Sweatcoin will record your steps and reward you with sweatcoins for your activity.
Als, please note that the steps must be taken outdoors, and the app is able to verify this.
What does it mean?
It simply means that steps taken at your home or office won’t count. But the good thing is they are working on expanding to indoor steps in the nearby future as reported by the founders.
Again, you are not gonna be rich but not bad since you are getting paid to do what you are already doing in your day to day life.
3. Collect & Enjoy Your Rewards
Once you have enough sweatcoins in your account, you can exchange them with available cum eligible rewards.
Earlier, Sweatcoin was offering fitness-related products only in rewards, but as of now, you can get restaurants discount vouchers, holiday vouchers, and much more.
And guess what? You can even get an iPhone XS once you have 20,000 sweatcoins!
Want cash instead?
You can exchange your 20000 sweatcoins with a $1000 PayPal gift card.
Learn how to build passive income streams and make money from the comfort of your home, without spending a fortune so that you can live the life of your dreams!
How Much Do You Get Paid?
For every 1,000 steps you take, you earn 1 Sweatcoin. But here comes a twist.
Oh, come on! Tell me what’s that?
The twist is, you earn 1 sweatcoin for every 1000 steps you take however you receive only 0.95 sweatcoin.
Because Sweatcoin takes a 5% commission on your earnings.
Is Sweatcoin A Cryptocurrency?
Here is what company claims.
Is Sweatcoin Safe And Worth It?
Yes, Sweatcoin is absolutely safe and it doesn’t affect your privacy.
But Why should you believe me as it tracks location always and other data as well?
Because it collects anonymous data and rewards you with digital currency named Sweatcoin.
It doesn’t ask you for any personal information except your first name and an active mobile number.
Answer to the second question relies on your opinions.
As per me, why would I deny some free money in exchange for nothing? I would recommend it because it helps you make some free money for something you do every day.
How Does Sweatcoin Make Money
The Sweatcoin app is available on app stores for free to download and use.
However, they have come up with two ideas to generate revenue for their business.
- Subscription Model
Sweatcoin charges commission from both, users(like you and me) and their partners.
As I told earlier, you earn 1 sweatcoin for every 1000 steps but receive only 0.95 sweatcoin. This way, they charge a commission from their users.
On the other hand, Sweatcoin earns a commission from brands for every product and service purchased through the app by their users.
2. Subscription Model
Sweatcoin offers to download and use the app for free to the users, however, they limit the daily sweatcoin earning limit to 5 sweatcoins per day for free users.
To remove this limit, Sweatcoin offers several paid subscription/membership plans for users that allow users to earn more sweatcoins per day.
Sweatcoin’s subscription model works as follows:
- Mover – Limited to 5 sweatcoins per day (free plan)
- Shaker – Limited to 10 sweatcoins per day (costs 4.75 sweatcoins a month)
- Quaker – Limited to 15 sweatcoins per day (costs 20 sweatcoins a month)
- Breaker – Limited to 20 sweatcoins per day (costs 30 sweatcoins a month)
You should notice that you don’t need to pay cash to upgrade your membership. Instead, you need to pay sweatcoins as defined.
So ultimately, you don’t need to pay anything from your pocket.
Check ou the most popular ways to make money in 2020 here.
I posted my honest review and every other detail you need to know about Sweatcoin. Now it’s your turn. Let me know in the comments what’s your opinion about Sweatcoin.
I hope you found this article helpful and informative. If yes, share this article with your loved ones and fitness freaks and let them know about how they can make some money using Sweatcoin.
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