One of the most common questions that our Discord channel gets is, “What is one Sweatcoin worth?” or “How many Sweatcoins can I get for a dollar?”
Because there is no official exchange, the price is simply what people are willing to pay for a Sweatcoin. On Discord, Reddit, and other Sweatcoin forums, Sweatcoins typically trade for anywhere from $0.05 to $0.10 each. This value is double from 2017 because Sweatco announced that they are releasing a blockchain, exchange-compatible version of Sweatcoin.
Will there be an official Exchange?
The answer is a most definite yes. A more accurate answer is, “Sweatcoin will be listed on existing exchanges in the future.” We do not know when Sweatcoin will eventually find its concrete value in USD/GBP until it hits these exchanges.
I strongly recommend that you stock up on Sweatcoins now. You can trade for them on forums, though there is a huge risk to lose your money due to scammers. Our website offers Sweatcoins for sale, but I must admit our prices are slightly higher than other more risky trading environments.
Should I Invest in Sweatcoin?
If you believe in Sweatcoin’s future like I do, then stock up as much as you can. Sweatco Inc. will eventually announce a more official time frame for their new blockchain, and the price will go up yet again. We’re literally in the ground level; Sweatcoin is worth as little as it will ever be.
Of course, nothing is certain. All investments carry risk. Do not invest in Sweatcoin what you are uncomfortable losing. Consider your investment as a sort of entertainment fund. Invest hoping for it to become worth more, but expect it to stay the same, or even decrease a little bit.
Is there an official value?
As of now, there is no definitive value that can be associated with Sweatcoins, as there is no official platform for exchange. However, day trading in unofficial communities has created a miniature economy for the currency that has valued it at (as of January 2018) anywhere between 4 to 8 cents per coin. This is currently the best way to evaluate the value of Sweatcoins, as the offers fluctuate in their value per coin. The most official set value could be deemed as the price set by an offer that was ran between December 2017 to January 2018, which offered £1000 or $1000 for 20,000 coins. This prices the coins at either 5 or 7 cents.
Sweatcoin’s value is rising as it becomes more widely known
The value of the coins is always fluctuating, with the value at this date having doubled over the course of a few days, so it is probable that it will continue on it’s ascent. The near future will likely see it surpass 10 cents, but as previously mentioned the value is entirely dependent on what is agreed on between individual buyers and sellers, and the extent to which those prices spread between other deals. Selling your coins for 5 cents per coin may be the norm today, but in a week, they could sell for 10 cents – there is no 100% accurate way of pinning a value to the coins.
The future of Sweatcoin could see it moving into the world of cryptocurrencies, as Sweatco Inc. have announced the future development of a cryptocurrency blockchain, which is likely to see a significant rise in value for the coins. It could be a wise move to hold onto your coins to see whether they substantially increase in value, and if you truly believe that an increase will occur, invest in coins as soon as they announce listings on an official exchange.
It may seem like the coins don’t add up to much currently, but if you use the app with day to day passive walking, you’ll line your pockets with some extra cash in no time without even trying to, and if you hoard your coins, you may end up with a small fortune in the future.