In the first part of 2022, $70 million worth of prizes and services were won through their Sweat tokens. Sweat Economy is a rapidly growing project, with over 600 partners and funders involved in the entire idea. However, Sweat Economy aims to allow users to earn Sweat through other activities such as cycling and swimming. You can only create this token through the Sweatcoin app by walking, jogging, or running. Sweat refers to the new crypto token made by Sweat Economy. In this case, we’re not talking about actual Sweat. Thanks to the blockchain, this token has an entire economic system, where its actual value can be exchanged and calculated. Sweat economy claims to have founded the ‘entity of the open economy of movement.’ This has been done by tokenizing physical activity, earning the crypto token Sweat (different from Sweatcoins). The Sweat token is currently being built on the NEAR blockchain. Sweat economy covers all parts of the Sweat movement, including the Sweatcoin user moving, the blockchain that creates Sweat, and the buying, selling, and exchange of Sweat. Sweat Economy is a project that combines Sweatcoin and Sweat Wallet. So, without further ado, let’s get started. In this article, we will be looking at this rapidly growing ecosystem and what it all means. The idea was to incentivize people to get moving with the reward of tokens and prizes. With an app that defines itself as one of the first and most popular in the move-to-earn field, Sweat economy has over 76 million users using Sweatcoin. Sweat Economy is responsible for the much-loved Sweatcoin and Sweat Wallet, the anticipated crypto app. Therefore you have two choices: the first is to promote and become an influencer the second is to roll up your sleeves and grind dozens of kilometres a day.Sweat Economy is an ecosystem rewarding people for movement and physical activity. Many users have been able to see that to have a sizable profit in a short time it is not enough to just walk, but you must advertise the app by inviting people and making sure that they confirm the registration. One of the flaws in the design is that it cannot connect to fitness bracelets, which means that you always have to have the phone with you, causing the battery to be consumed quickly since the GPS must always be active, causing disturbances and discomfort.Īnother problem: the system is made so as not to reveal the steps inside the buildings, therefore going on the treadmills is not allowed, therefore one is "forced" to have to leave the house outdoors to walk to reveal the steps even if it seems that they do not record all the steps made by users. To conclude, this application might seem fantastic, but there are also downsides. Breaker: 20.00 credits per day / 600.00 credits per month.Quaker: 15.00 credits per day / 450.00 credits per month.Shaker: 10.00 credits per day / 300.00 credits per month.Mover: 5.00 credits per day / 150.00 credits per month.These offers come from contracts with companies that make their products available, with coupons acquired through Sweatcoins.īut how many Sweatcoins are we allowed? When installing the app, the free Mover version is used, and as such it has limitations, but with a monthly subscription you can take advantage of paid versions that allow a greater gain: Inside this online store, you can find offers that are continuously updated and can go from a purchase of small items, gadgets to more substantial prizes such as an iPhone8, Air Travel, Samsung TV and even Sweatcoin conversion with money, but for these prizes, you must have reached a very high sum of Sweatcoin. steps), which you can spend in the shop provided by the application. Once the settings have been completed, the app will start counting your steps and when 1000 steps are reached automatically the system will create a Sweatcoin (The Sweatcoin App pays around $0. Once you download the app, currently available for both Android operating systems and iOS, it is configured by entering your name, email and activating the GPS. In conclusion, I can only recommend the installation of the application and use it as much as possible, making life less sedentary. On some products when you proceed with the purchase in the shop, a 50% discount coupon is created on the product, but in other cases on less expensive items, it was enough to use only the Sweatcoins. However, I was able to see that buying products is not always possible with Sweatcoins. I have personally tested this app and I can say that I have never encountered any particular defects nor have I found the problem reported by many, concerning the counting of steps in closed places. The idea behind the app is certainly positive: to entice people to leave home and do more physical activity.
0 Comments
Leave a Reply. |