Sweatcoin is not a typical cryptocurrency; it cannot be mined using conventional methods such as GPU/CPU “number guessing.” Sweatcoin is only earned by walking or running while an app is running in the background on your phone. The goal that Sweatcoin creators – Anton and Oleg – have for the app is to provide a monetary incentive to take more steps in a day.
How do you get started earning Sweatcoin?
Download the app to start “mining” Sweatcoin. In your first day, without any account upgrades (more on that soon) you can earn your first 5 Sweatcoins by walking 5,000 steps. Basically 1 Sweatcoin (SWC) is earned by walking a half mile/kilometer or so. If you’re running or jogging, it may take a slightly longer distance to earn 1 SWC but you’ll earn them a lot faster.
Can you make money earning/mining Sweatcoins?
Absolutely! Most users either use their coins to redeem for free offers/discounts, or they sell them to other app users (usually for PayPal). As of early/mid 2018, Sweatcoin has announced that they are close to releasing a exchange listed Blockchain currency. That will allow users to very easily exchange their coins for other currencies or ‘fiat’ (cash) currencies. Once that happens, it’s anticipated that the value per coin will increase significantly.
What’s the max amount of coins you can earn per day?
You can earn up to 5 Sweatcoins per day by default with the “Mover” membership tier. However if you upgrade, then you can earn up to 20 coins per day with the “Breaker” tier. Upgrades are paid entirely in Sweatcoin, so they are free to unlock! If you frequently walk/run 10 miles or more in a day, then I highly recommend upgrading to max out how much you can earn. The membership tiers pay for themselves.
Because you’re limited to how many you can earn per day, many serious investors are buying Sweatcoin which you can do on this site (click here). As of early 2018, the price per coin when sold from one user to another is incredibly affordable; the market favors investors. In addition to mining/earning Sweatcoins, if you’re like me and think that this cryptocurrency will hit it big, then it might be worthwhile to stock up on a few thousand or more.