Sweatcoin is a new startup that could change the way we think about cryptocurrency and fitness. According to their website, it’s: “a revolutionary fitness micro-tipping platform; rewarding you for every step you take.”
This means that if you’re a runner or rather active person, you can earn some extra money while simultaneously tracking your fitness progress. And the more you move, the more money you make.
What is Move To Earn?
What is Move-to-Earn (MTE) in crypto? It’s an innovative way to get paid for doing physical activities. It works by using smart contracts and blockchain technology to link a person’s physical movements to a digital wallet, which people can use to make payments. By using MTE, people can earn crypto every time they exercise, move around, or do any other kind of physical activity.
People who want to earn MTE tokens need to make sure their phones are connected to the internet and that they have downloaded the smartphone app or website. Once the phone is set up correctly, users will be able to log into the application or website and begin earning crypto by completing their fitness goals.
Understanding Sweatcoin
Sweatcoin is a new cryptocurrency, developed on the Ethereum blockchain. It is designed to incentivize people to be more active. The platform works using a mobile app and a wearable device, which measures your steps. The app then converts these steps into sweatcoins. Sweatcoins can be exchanged for other cryptocurrencies or fiat money, depending on what you prefer.
Sweatcoin is a new mobile application that makes it easy for you to earn cryptocurrency tokens by doing simple tasks like walking, running, and cycling. The Sweatcoin system is designed to reward you for your daily movements and make it easy to exchange your “sweat” for goods and services.
How Does Sweatcoin Work?
The Move-to-Earn system is based on the concept of Proof of Exercise (POE). It uses the blockchain technology to store each user’s workout data in an encrypted format. This information can only be accessed using a special passcode generated by the user’s smartphone.
It’s not a physical product or app, so don’t worry about carrying any equipment with you when you go for a run. Instead, Sweatcoin is an app that links to your Fitbit or any other device that tracks your movements.
As soon as you walk 10,000 steps (that’s roughly 5 miles), Sweatcoin converts your steps into sweatcoins and gives them to you in exchange for completing surveys, watching videos or viewing websites—which all make up its revenue stream. The coins then live in the app and can be redeemed for rewards in the future.
Steps are measured using a phone’s accelerometer. A bonus is given if you walk at least 1 mile in a day (or 1 km). There’s also a competitive element to the service: the more steps you take, the higher up the leaderboard you go. This means that if you’re competitive and enjoy seeing how well you’re doing compared to others in your friend group, then this app could be fun for you.
Where Can You Use Sweatcoin?
You can then use your SWEAT to exchange them for gift cards or products in partnered stores like Amazon, Nike, Adidas and Tesco. There are currently over 1,000 brands and stores on board with Sweatcoin.
The app itself is free on iOS and Android, but all transactions are done through their partner store brands, so you need to have an account with those companies to redeem your Sweatcoins for products.
If you’re already an Amazon customer (or have an account with other stores), this process could be very easy. If not, it could take a few extra minutes of time to set up an account with the brand you want to redeem your Sweatcoins for: it’s worth it though.
The MTE token is used to reward users for burning calories and completing workouts. It can also be used to buy sports items from our partners at a discounted price. Finally, it can be sold back to other users at market price for another cryptocurrency through a crypto exchange like Kucoin.
How To Earn on Sweatcoin?
Taking Steps
Sweatcoin is a new way to make cryptocurrency without spending money. Simply by walking, you can earn Sweat coins and trade using trading pairs like SWEATUSDT. It is a new app that pays you for walking. It’s a gamified way to make money: you earn points by taking steps, and you can redeem those points for gift cards to places like Amazon and Starbucks.
Because it’s something people will do naturally, like walking, earning with Sweatcoin is something that almost anyone can get into; it doesn’t require special knowledge or equipment, as some other apps do. You don’t even have to think about it.
Completing Tasks
There are many ways to earn on sweatcoin, but the easiest way is by completing daily bonus activities. These are tasks that require little to no effort on your part, but they still count as a sweatcoin activity. They are like free gift cards with purchase.
short-term challenges spread through social media, users who complete these challenges will receive Sweatcoins as a reward.
Referral program
Refer to your friends and get rewarded by their activities!
Community challenges
Invite friends, compete with other cities, earn more!
