Ever thought you could be paid for walking? For staying fit and healthy? Well, yes this is possible! How? Allow me to introduce, Sweatcoin – an app that pays you for walking!
I acknowledge that obesity is a growing problem not just for children but also in adults. As described by Mayo Clinic, obesity is a disease that involves an unnecessary amount of body fat.
If I do not pay close attention, I might end up acquiring diabetes and hypertension.
I personally believe that staying fit and healthy can be achieved with the aid of technology. Forbes published an article on how to improve health involving gadgets.
Fitness-tracking technology brought awareness to people about their health.
In terms of fitness-tracking technology, Sweatcoin is an application that uses the same mechanism. The twist here is that you earn while you keep yourself healthy.
What is Sweatcoin?
Sweatcoin is considered as the fastest growing health and fitness application. It has more than 30 million users who are paid for walking and running. The steps you take are analyzed and converted into a digital currency called “Sweatcoins”. The application can be downloaded by Android and iOS users.
Sweatcoin app walkthrough
Let us have a quick look at the app. The following are the application’s features.
The in-app marketplace has the following features:
- Marathon Offers – displays the featured products from brand partners
- Daily Offers – displays the available daily bonuses a user can receive per day. Daily offers regenerate every 24-hours
- First Week Specials – features the free app given by Sweatcoin
- Sweatcoin Influencer – displays the offer to become a Sweatcoin Influencer
- Bucket List – shows the offers for travel destinations
- Crowdfunding – this section provides multiple crowdfunding projects that users can support by donating the earned Sweatcoins.
- Offers of the day – features the special products available for free or in a small amount of Sweatcoins
Also Read: What is Facebook marketplace?
The wallet contains the conversion history and history of received bonuses. It also displays the total earned Sweatcoins.
The wallet contains the link where you can spend your Sweatcoins and the link where you can claim your Sweatcoin bonuses.
This tab showcases the approved steps and total steps of the user. It also displays the new offerings and information about the progress of the user.
The fourth tab is the leaderboard. This shows the progress done by your friends. You can see their statistics and compare them with yours. It also shows who is leading. With this, you can get motivated by the steps taken by your friends.
The last tab contains the profile of the user. It displays the Sweatcoin users you’re following, your followers, and your current Sweatcoin plan.
How does Sweatcoin work?
As Sweatcoin tracks your steps, it analyzes your movements and converts them into Sweatcoin. There might be issues raised pertaining to the tracking of steps, steps-Sweatcoin ratio, daily bonuses, and Sweatcoins as a digital currency.
Global Positioning System (GPS) plays an essential role in tracking the movement of the users. The user’s location gives an estimate of the steps taken. In addition, data from the phone would also be used to track the user’s steps. The user’s health and fitness data from the phone and GPS are synchronized with the application.
As the application tracks how many steps the user has taken, it gives “sweat” value as a reward to a corresponding movement. The application translates 1,000 steps into 0.95 Sweatcoins.
Study shows that an average person takes 3,000 to 4,000 steps a day. From a practical perspective, it can generate at least three to four Sweatcoins.
Walking does not cost you money. You have nothing to lose with this app.
Aside from the tracking of steps, Sweatcoin gives daily bonuses to its users. It has three bonuses that can be unlocked through watching videos a day. In case you want to unlock daily bonuses and 24 hours has not yet passed, these bonuses can be unlocked through trading 500 steps. Sweatcoin gives bonuses from 0.5 up to 25 Sweatcoins.
Works like a digital currency
Users earn rewards through Sweatcoins. These coins can be later traded with products posted in the in-app marketplace.
However, Sweatcoin is not a crypto asset. Meaning, it cannot be exchanged or traded with other digital currencies.
Although it is a crypto asset, the fact that Sweatcoins can be used to purchase in-app, it is a good reward for your sweat.
Utilizing the earned Sweatcoins
After gaining enough Sweatcoins, what’s next? Sweatcoin can be used to purchase products featured in the app.
Purchase through the in-app marketplace
Even though Sweatcoin is not a crypto asset, it can be used to purchase items through the in-app marketplace. There are various products to choose from. The following are the items available:
- Gym gears
- iPhone 8
- Curved Samsung Television
- Paid applications
- Gift cards
Make money through Sweatcoin
Earned Sweatcoins can be converted into actual cash. Your earned step counts, bonuses, and payment as an influencer can be converted into cash. The following are the ways which Sweatcoins can be turned into actual cash.
Become a Sweatcoin influencer
Another option to earn Sweatcoins is to become a Sweatcoin Influencer. Earn easy Sweatcoins using Instagram and Snapchat as a paid influencer. As an influencer, you can earn up to $1,000 per day.
You need followers to become a paid influencer. You need to gather 30 invites with your sharing link. You can also have access to the influencer marketplace where your $1,000 can be redeemed.
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Exchange Sweatcoins with actual cash
In case you want to exchange Sweatcoins into actual cash instead of purchasing products in the in-app marketplace, you can trade 20,000 Sweatcoins at $1,000. This is under the marathon offers in the app.
Upgrade Sweatcoin plans
There are four Sweatcoin plans available for upgrade. Every plan has corresponding reward offerings. The upgrades do not involve actual cash. Still, you have to work it out to generate enough Sweatcoins.
- Mover – mover plan is the default plan where users can earn up to five Sweatcoins per day or 150 Sweatcoins per month.
- Shaker – Shaker plan costs 4.75 Sweatcoins per month. Here, you can earn up to 10 Sweatcoins daily or up to 300 Sweatcoins per month.
- Quaker – Quaker plan costs 20 Sweatcoins per month. You can earn up to 15 Sweatcoins per day or up to 450 Sweatcoins per month.
- Breaker – Breaker plan costs 30 Sweatcoins per month. Users can earn up to 20 Sweatcoins per day or up to 600 Sweatcoin per month.
- Trouble Maker – The Trouble Maker plan is yet to be released.
How does Sweatcoin generate money?
Many might raise this question: Sweatcoin is a free app, how can it pay its users? Just like any other application, Sweatcoin also generates money for itself.
The brand partners pay Sweatcoin in order to be featured in the in-app marketplace. Since Sweatcoin is a fast-growing app, it has an advantage to get featured. It works as an advertisement.
Talking about the advertisement, Sweatcoin also gets paid through from the advertisement shown in the application. Also, users pay a 5% commission from the generated Sweatcoins per day.
The commission might be seen as a tax, it is used to pay users for the invites and other bonuses stored from the Sweatcoin bank.
Also Read: Revenue and profit – are they the same?
Is Sweatcoin legit?
I know what comes in your mind. A free app that pays, it is too good to be true. Sweatcoin is 100% legit. It really does pay when you walk.
Sweatcoin measures the steps taken outside. This means that indoor steps might not get read. This downside made users disillusioned and generated complaints on social media.
Since the app only keeps track of outdoor steps, a treadmill run might not get recognized. This issue is taken into consideration by the developers.
Sweatcoin’s catchy strategy
Sweatcoin’s strategy is unique and catchy. It uses walking as introductory content which made its way to get attention. It made use of competitive psychology which encouraged users to compete with friends.
It is a free-to-download application that offers passive income. At the same time, users can earn rewards while keeping oneself healthy.
Sweatcoin is an application that monetizes steps taken by the user. The upgrades utilize Sweatcoins which encourages users to walk more. This is indeed a win-win situation. You get paid while you walk.
Drop a comment below and let me know what you think of this innovative app.
Check out other articles about making money I am sure you will find useful.