There are applications for absolutely everything, even for making money by the sweat of your face. As it is: potmonet is an application with which you can earn virtual money by playing your favorite sport. Don’t you know and understand nothing when they talk to you about cryptocurrency And blockchain? Don’t worry, these names may seem more complicated than they really are.
Below we will explain in detail what is sweatcoin and how does it work.
Check here also the best iPhone apps, the best Android apps and the best mobile phones on the market.
What is Sweatcoin?
Sweatcoin is a kind of digital currency that you earn by being active. We say “sort of” because, strictly speaking, it is not a cryptocurrency like Bitcoin, Ethereum, and others like Facebook Libra.
In fact, it’s much more like the points or “shopping miles” program that some credit cards have. But it is true that many people, seeing the end – coin eOn his own behalf, he linked it to the cryptocurrency used.
How does sweatcoin work?
To start accumulating your fortune, you must first download the Sweatcoin app and keep it running on your smartphone. at all times. The app will ask you for permission to allow GPS access to your location. To start with, there are a lot of people who don’t like to constantly share their location. If you are one of them, this app is not for you, as Sweatcoin needs to know where you are at all times in order for it to work.
So every time you walk or run away from home, this app follows your steps and pays you money. sweatcoins (SVK). For every 1052 steps you get 1 SWC..
Once you have accumulated enough SWCs, you can redeem them for items such as sports watches, Amazon credits, music downloads, e-books, airline miles, or gift cards.
Offers vary and are largely based on deals that Sweatcoin makes with other companies. All of these transactions can be viewed through the Sweatcoin app, although you can also use your Sweatcoins to upgrade to different subscription levels.
Every day from 8.00 am Sweatcoin offers are updated. And beware, they can even be updated multiple times a day, so – besides walking around – you’ll have to keep an eye on the Sweatcoin page in case there’s an offer you can “buy” already.
You can find offers such as a three-month subscription to the famous Tidal (22.99 Sweatcoins) and choose apps such as Singa Karaoke (one month premium use and 4.99 Sweatcoins), or you can buy an app for Meditation Calm. for 2.99 sweatcoins.
Similarly, you can buy things. For example? The Earin wireless earbuds are priced at $250 on the market, but you can get them for 6,999 SWC. Okay… and this, taken in the real world, how much does it cost?
Here the numbers can scare you. If you earn 1 SWC in 1,050 steps, you need 7,348,950 steps to earn 6,999 SWC. If you are of the conventional wisdom (not scientifically proven, but widely held) that you need to take 10,000 steps a day to stay fit, you would have to take those 10,000 steps for about 734.9 days—two years and five days—to get 6999 SWC, which cost Earin headphones, which in two years will surely have a more appetizing model…
iPhone 8 or $1,000 money in paypal? 20,000 SWC, about 21,000,000 steps in total, which at 10,000 steps a day is 5 years and 275 days. Be careful: walk 10,000 steps every day, which for a “normal” person (not too short and not too tall) is equivalent to about six kilometers.
Yes: these are numbers that can be ridiculous, but also consider that so far no one has paid you a dime for passing what you have already passed. So the idea of putting money in a crypto piggy bank for a walk — because you’re going to walk, yes or yes — doesn’t sound entirely unreasonable.
The truth is, we’ve settled on the most mouth-watering products, but there are others that cost less, like Tidal’s 3-month subscription (5 SWC). There are also a number of online alternatives that you can “buy” with your SWC – programs, courses – which will no doubt expand as Sweatcoin makes deals or deals with different companies.
There is always a daily bonus in the Offers section. This is a kind of permanent special offer that Sweatcoin gives you if you agree to watch their ads. Let’s not say that you are going to win a lot of SWC, although it is known that day by day, step by step, everything accumulates.
Activity tracking is based on the steps you take, so if you’re biking or swimming in a pool, you don’t get anything.
This is far from a perfect system.
Yes, this app has a few “buts” and limitations. You must run or walk to earn SWC: Activity tracking is purely based on the steps you take, so if you’re cycling or swimming in a pool, you won’t earn anything.
You also have to be outside to accumulate SWC, which means running on the treadmill or climbing stairs at the gym won’t count either, though some reports say it tracks the steps you take at home. The reason for this limitation is to prevent ways that this system can be hacked indoors.
Another limitation is that it must always be connected to your phone, so if you go for a walk and forget it, or if you (like many others) prefer to jog without having to carry your phone with you, you won’t be able to earn sweatcoins. If you have an Apple Watch Series 4, yes, you can do without an iPhone.
In addition, the application must always be running. If you deactivate it, stop following your steps. Just like that one. It has a battery saver mode, but several reports say that battery drain is still high.
The disadvantage of its basic membership is that users can only accumulate five coins per day. It allows you to level up to this basic membership, but it requires payment in Sweatcoins. For example, five SWCs per month will get you to the Shaker level, where you can earn 10 Sweatcoins per day. The next membership level is Quaker, which costs 20 SWC per month and allows 15 SWC per day. Finally, a Breaker membership costs 30 SWC per month and allows you to make up to 20 SWC per day Sweatcoin has also announced Trouble Maker membership.
Co-founder Oleg Fomenko told TechCrunch in January 2018 that his long-term vision includes plans to develop open-source DLT blockchain technology that will allow Sweatcoin to truly be a cryptocurrency, rather than collectible virtual points that can be traded like any other. However, for now, the coin essentially operates as a rewards program similar to those found in airlines, credit cards, and various mobile apps.
The truth is that the app has become so popular that it has already amassed over 10 million downloads on the Google Play Store, while it is at the top of the list in the Apple Store and has the best rating for Apple Watch. Almost nothing!
Source: Digital Trends