Move to earn | How does Sweatcoin work?

Find out how Sweatcoin works, an application that promises rewards for those who take many steps a day

Sweatcoin is an app that offers rewards based on the number of steps taken in a day. Therefore, anyone looking for an incentive to exercise can use the app to get digital coins and exchange them for coupons, gifts and donations.

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To do this, the platform uses a digital currency, also called sweatcoin. Not all users are able to exchange it for real money, but the Software it is still an option to earn something in exchange for walking and running – the so-called “Move to Earn” (“Move to win”, in free translation).

How does Sweatcoin work?

The application uses the mobile phone’s accelerometer and synchronizes the device’s physical activity data. Google Fit and Apple Health to calculate the number of steps taken in a day. For every thousand steps, the person receives one unit of Sweatcoin in their wallet, with 5% of the value deducted as a processing fee.

Walking is not the only way to accumulate coins on the app: you can also participate in daily activities, watch advertisements and invite friends to the platform to increase earnings. You don’t need to open the tool before training, as it runs in the background of your device and collects data automatically, but it’s worth accessing it daily to keep up to date with the latest news.

Cryptocurrency

The company responsible for Sweatcoin also owns a cryptocurrency called SWEAT, launched in 2022. Unlike the currency accumulated for free in the app, this token has its own value and is protected by a blockchain system, but it is not yet possible to exchange it on the market.

If the person is interested in purchasing SWEAT, they need to complete another registration in the app to open the platform’s crypto wallet.

How to use the scale

Only a limited number of people registered on Sweatcoin can link a Sweatcoin account. PayPal and exchange the prizes for cash. In other cases, the option is to use the App Store to purchase gift cards, enter sweepstakes, or send donations.

OR Canaltech also has material with all the alternatives to use the balance accumulated on the platform.

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Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.