In our Discord channel, one of the number one questions I get is, “What is the value of one Sweatcoin?” I’m here to answer this question. Keep reading!
Here’s what the Sweatcoin Marketplace looks like
Sweatcoin does not have an official marketplace nor exchange. That’s because it is not yet a Blockchain Currency (though it will soon be). Therefore, Sweatcoins are sold on this website on Reddit or Discord or on forums. The value of each coin is always fluctuating.
Before the recent big announcement of an impending exchange, Sweatcoins were valued anywhere between $0.02 – $0.05 United States Dollars. However, after the announcement they shot up nearly double to $0.05 – $0.09. This is again not an official price but an observation on what people bought and sold Sweatcoin for.
How do you determine Sweatcoin’s value?
Right now, the only concrete way to value a Sweatcoin is to see what it can buy you in the Offers Marketplace. If you can exchange 100 Sweatcoin for a product worth $10, then each coin has a value of $0.10 for that single offer. Other offers might only reward you $0.02 savings per coin spent, so that would not be a good offer to purchase.
The future of Sweatcoins’ value and price
When the new blockchain hits, it’s very likely that you’ll see a definitive value per coin. In my new post about the announcement, I mention that Sweatcoin are likely to be linked to this new cryptocurrency via conversion. You’ll most likely convert the Sweatcoins you earn by walking and running into the new blockchain coin. It won’t likely be possible to mine the new Sweatcoin on a computer, so you’ll still need to walk and run to earn the new coins. Or you can buy the new coins on an official exchange.
As I’ve predicted since December 2016, I can easily see Sweatcoins (as we know them today) becoming worth $0.25 usd per coin. That seems like a very reasonable value reward per mile. In order to redeem this, you’d have to convert into the new coin, or you’d have to buy an offer that interests you on the marketplace.
How do I buy or invest in Sweatcoin right now?
I sell Sweatcoins on this website (unless I’m sold out – which is very often lately). Click here to see if Sweatcoins are for sale! I am contacted often by investors looking to see their coins increase in value as the new blockchain hits. Since December of ’17 there has been a huge increase in how many people want to buy coins, and this interest is not decreasing any time soon.
I want to invest in Sweatcoin … now what?
Check out our investing in Sweatcoin article to find out more information!
I’m new to cryptocurrency … where do I begin?
We are pumping out beginner-friendly articles on Cryptocurrency articles to help educate people how cryptocurrency/Bitcoin can change the world.