Purchase Offers on the Marketplace
If you’ve been collecting your coins through exercise or trade, you are probably wondering what you can get for your hard work. In the app, there is a variety of ever-changing offers that can be redeemed for amounts predetermined by Sweatcoin. These offers could be anything: discounts for clothing, healthy food, exercise equipment, or even Amazon credit. The offers that are presented to users is entirely determined by whichever brands Sweatcoin can strike a deal with.
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The price for these rewards can range anywhere from low figures such as 10 coins, with these numbers usually securing discounts at stores, to thousands. These higher figures will often earn you rewards like fitness equipment, such as scales, blood pressure monitors, etc. As the offers are constantly being updated, you will find a consistently varying range of prices.
Future Sweatcoin Exchange – Blockchain
In January 2018, Sweatcoin creators announced that they are working on a blockchain cryptocurrency that would allow you to turn your Sweatcoins into cash. This is likely possible by converting Sweatcoins (earned by walking/running) into a new coin that has yet to hit the market. If this happens, many people believe that Sweatcoin’s price will go up. When this happens you’ll likely be able to exchange Sweatcoins quite easily for other cryptocurrencies or cashing out into your bank account.
Many Sweatcoin Investors are stockpiling coins in anticipation of this new blockchain. I personally recommend that you still purchase offers that interest you because it helps encourage Sweatcoin’s economy.
Other Uses for Sweatcoins
If none of the in-app offers take your fancy, you could always make your steps worth it by trading your coins with somebody in exchange for an agreed upon rate. As of January 2018, the rate – albeit unofficial – is usually 3 to 8 cents per coin. Selling your coins to other users is an effective way to be rewarded in whatever way you like, as opposed to being limited to offers that you may not have any interest in. Alternatively, you could always buy coins in this same manner to help reach an amount of coins necessary to redeem an offer.
Saving Up
A long-term approach could be to hold onto your coins and wait for a much bigger offer. Sweatcoin have promoted offers that require a lot of coins, such as 20,000, in exchange for much more exciting options. Examples of this include £1000/$1000 sent via PayPal, iPhone X’s and 55” televisions. If you plan to keep the app installed for a long time, and you’re clocking in a lot of steps, this could be achievable with the help of friends and/or trading.
Whatever you’re after, Sweatcoin will have an offer for you if you keep checking in daily for a new offer. Just be sure to have enough coins for when you find one!
The beautiful thing about the Sweatcoin app is all of the many different uses this digital currency has in the offer marketplace. You don’t just earn one single type of gift or reward; you earn so many as a reward for walking and running with the app open!
About The Offer Marketplace
It’s hard to explain the marketplace because it’s constantly changing. In a single day, 2-5 offers can be added, removed, and modified. And as time goes on, this rate of change will increase exponentially until it’s a library of possibly hundreds of different offers provided by its users.
Therefore if you’re looking to redeem coins in the marketplace, it’s imperative that you check back often. Because the best offers sell out quickly, you should be checking the app 2, 3, 5 times per day to ensure you don’t miss a great deal!
For example I noticed an offer for a PayPal gift certificate. It was something like 100 Sweatcoin for a $10 gift card through PayPal. By the time I went to “Purchase Offer” it was already gone! Ever since then I’ve been checking much more frequently. By doing so I cashed out on great things – PayPal credits, Amazon gift cards, free food/snacks, subscription services, and more. All for absolutely free.
Perhaps the most popular items offered on the marketplace are gift cards. Stores team up with Sweatcoin to promote their goods and services in exchange for this digital currency. You may not see many items that sell for 100% Sweatcoin, but you’ll see a lot of gift cards and discounted goods. Most of the time you’ll only pay shipping & handling using cash.
Also in the marketplace are music downloads, magazines, gift baskets, food packages, running/fitness apparel, PayPal credits, and so much more.
The Future of the Offer Marketplace
Nothing is known for sure about the marketplace’s future, but it’s pretty reasonable to expect the marketplace to grow significantly over time. I personally think we’ll see a lot more users signing up to promote their stuff for sale as Sweatcoin’s value increases. Once this coin has a tangible “value” (such as $0.20 per coin or whatever) then more people will see enough value in it to trade their used/new items for Sweatcoin.
I personally see the future of the marketplace as a website like eBay where you can browse hundreds or thousands of items and select the ones that appeal to you most. When Sweatcoin becomes a commonly traded/exchanged currency, we’ll see even more diversity in the offer marketplace.
The Marketplace as it Exists Now
To be honest, it has a lot of growing room. There are anywhere from 6 – 18 offers available at any given time. That’s great because they’re constantly changing and adding more, but it’s still not that diverse. There may be a time when we can log into a website and browse offers on our computers opposed to simply in app (which has a very limited viewspace to see all offers).
Check the offer marketplace constantly to see if there’s something that makes your steps worthwhile!
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