What is Sweatcoin? How to Sell Sweatcoin to USD and App Review
Move to Earn (M2E), including STEPN, the time has come for you to earn money while exercising!
Have you been thinking that you need to exercise for your health, but have been putting it off because it is too much of a hassle?
However, if you can get paid for exercising, it may be a different story.
The problem with existing services such as STEPN was the high barrier to entry, requiring $1000 to enter. In addition, it is not clear whether the money can be recovered, which can be a cause for concern.
For those people, I recommend Sweatcoin, which I will introduce here.
Sweatcoin is a Move to Earn application that anyone can easily start for free.
In this article, we will explain the overview of Sweatcoin, how to earn money, and how to get started, so please refer to it.
Sweatcoin has also been selected for the following summary article.
What is Sweatcoin?
Sweatcoin allows users to earn Sweatcoin based on the number of steps they take each day, and the Sweatcoin they earn can be used or exchanged for various items within the app.The app has been downloaded more than 60 million times worldwide, making it a relatively reliable app.
It can also be used in conjunction with other Move to Earn apps such as STEPN and Genopets to double up.
Sweatcoin has two apps and two tokens.
- M2E app Sweatcoin and in-app currency Sweatcoin
- Wallet app Sweat Wallet and crypto currency SWEAT token
How to use M2E App Sweatcoin and In-app Currency Sweatcoin
With the Sweatcoin app, users can receive in-app currency Sweatcoin based on daily step counts, etc., and a portion is converted into SWEAT tokens.
Basically, the in-app currency Sweatcoin and SWEAT tokens are converted 1:1 (with some exceptions).
Sweatcoin can be used in the following ways.
Use in stores and auctions
Sweatcoin balances can be used for merchandise redemption or discount coupons.
- Addidas $20 discount coupon
- Amazon gift card
- One month subscription to Netflix
- A $10 PayPal balance
- Other partner brand discount coupons and merchandise vouchers
and more. They plan to support numerous services and products in the future.
The app also offers auctions, where you can use your Sweatcoin balance to participate in auctions and win products.
Sweatcoin can also be donated outright.
You can choose from a variety of donation recipients and enter the amount you wish to donate from your wallet balance.
Convert to cryptocurrency
Some of the sweatcoin in your wallet balance will be converted to SWEAT tokens.
SWEAT tokens can be sent to exchanges for redemption.
A separate application, Sweat Wallet, is required to redeem SWEAT tokens.
How to use Sweat Wallet App and cryptocurrency SWEAT tokens
SWEAT tokens converted with the app Sweatcoin can be managed with this wallet app Sweat Wallet.
However, some SWEAT tokens are locked and will be gradually unlocked over 24 months.
SWEAT tokens are primarily used in the following ways.
SWEAT tokens can be sent to external wallets or exchanges using the Sweat Wallet.
SWEAT tokens are coins developed by the NEAR Protocol and can be bought and sold on exchanges such as Bybit.
You can send them by entering the NEAR Protocol address.
The following three types of staking are available depending on the lock period
- 3 months: 3% per year
- 6 months: 6% per year
- 12 months: 12% per year
By paying a certain amount of SWEAT tokens, you can participate in a raffle to win luxury items.
- Mac Book
- Soccer tickets (Paris Saint-Germain and Bayern Munich)
How to Earn
Here is how you can earn money with Sweatcoin.
There are four main ways to earn money with Sweatcoin.
- Earn rewards by walking
- Participate in challenges
- Watching ads and earning coins
Earn rewards by walking
The main way to earn money is through rewards based on the number of steps taken.
1 Sweatcoin = 1 SWEAT is generated for every 1000 steps, but it will gradually become more difficult to obtain, i.e., it will require more steps. Since the first mover has the advantage, it may be a good idea to start saving up now.
As of January 2023, it takes 2614 steps to get 1 SWEAT.
A 5% processing fee is deducted, but you can also use the double reward boost, which is only available for 20 minutes each day, and during this time you can earn coins at a discount.
However, there is a daily SWEAT earning limit.
In addition to the regular Free Plan, which is available for free, there are also Premium Plans available for a monthly or annual fee, each with different requirements.
Basically, the in-app currency Sweatcoin and SWEAT tokens are converted 1:1, but after the first 5000 steps (the maximum SWEAT token acquisition) are converted, it will be 1 Sweatcoin for every 1000 steps.
- Completely free
- Earning limit of 5000 SWEAT tokens per day is 5000 steps
- After the first 5,000 steps are converted to SWEAT, you will earn 1 Sweatcoin for every 1,000 steps you take, up to a maximum of 10,000 steps per day
- Regular Marketplace and Auction
- Maximum of 6000 steps per day
- Double reward boost for each additional 1,000 steps per day
- Unlimited by removing the per diem cap.
- Premium marketplace with special offers
- Double the donation amount
- Custom application icons
Participate in challenges
Challenges allow you to take on various campaigns, such as completing a set number of steps within a set period of time.
Successful completion of the challenge will give you a chance to win Sweatcoin and products.
Watching ads and earning coins
By watching the ads, you will earn 3 Daily Rewards each day.
When you finish watching the ads, you will randomly earn Sweatcoin from 0 to 1000.
You can get rich quick, so make sure you do it every day!
How to start Sweatcoin
Getting started with Sweatcoin is very easy.
Download the application from the URL below.
After that, log in with your email address and you are done.
How to Sell (Sweatcoin to USD)
The main 3-step process to redeem the money is as follows
STEP 1. download Sweat Wallet
Download Sweat Wallet and link it to your Sweatcoin account.
STEP 2. send to the exchange’s deposit address
Select Transfer→Send in Sweat Wallet to send the SWEAT tokens to the exchange’s NEAR Protocol deposit address.
SWEAT tokens are listed primarily on the following exchanges
STEP 3. exchange with other cryptocurrencies on an exchange
Exchange SWEAT to USDT or other cryptocurrency at an exchange.
Sweatcoin is free and easy for anyone to use.
Sweatcoin can be exchanged for SWEAT tokens, which can be exchanged on exchanges such as Bybit.
The amount of money you can earn is not that much, but you can start with almost zero risk, so why don’t you download it to try it out?
We hope you find this article useful.
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