Sweatcoin is a non-traditional digital currency. You might be surprised to find out that it has no blockchain nor is it (currently) traded like other cryptocurrencies are on an exchange!
In January 2018, Sweatco (creators) announced that Sweatcoin will eventually be listed on an exchange. They even mentioned that it will have a type of blockchain. Nothing further than that is known, nor is a timeline.
Why is Sweatcoin different than blockchain cryptocurrencies?
There are no limit to Sweatcoins. Sure, there’s a limit to how many Sweatcoin can be generated in a day through walking and running, but the coin has no cap nor ceiling. Therefore, Sweatcoin is an inflationary currency. The more users generate Sweatcoins, the less each is worth.
However, as we’ve seen recently on forums and chat rooms, Sweatcoin is trading for increasingly higher prices. That’s because its creators hinted at a blockchain cryptocurrency in the works.
I’m a cryptocurrency investor. What do I do?
Best thing for you to do right now, to get the most of your investment, is to read up on our Frequently Asked Questions page. Download the app. Buy Sweatcoin on Reddit or Discord, or buy Sweatcoins on this website.
Before you invest you should first decide that you think this coin will increase in value. Take into consideration that this is the first potential-cryptocurrency that incentivizes physical activity. There are absolutely no coins like it! All currencies as we know it are either pre-mined or require mining using your CPU or GPU. Sweatcoin requires no computer; it only requires a smart phone and a pair of running shoes.
This is exactly why I think this coin will be made very popular in the near future; it’s accessible to nearly everybody. Any person can download the Sweatcoin app and within minutes start generating coins!