How Much Sweatcoin Paid Me to Walk 3,000,000 Steps

Getting paid to walk seems like a crazy idea right? But there is one app that seems legit called Sweatcoin.

In 2015, Sweatcoin was founded after it had secured $6,3 million in funding. The app now has +90 million users worldwide.

How?

How come Sweatcoin can pay you to walk? This is how they make money:

They allow users to watch a maximum of 3 ads per day (Ad revenue)
They partner up with brands to promote products in their marketplace
They have a premium version which costs $4,99 per month

Sneaky

Sweatcoin has different membership tears:

Free: convert a maximum of 10K steps per day into Sweatcoins
Quaker: convert a maximum of 15K steps per day into Sweatcoins
Premium: convert unlimited steps into Sweatcoins and 2X your earnings

But here comes the sneaky part. If you chose the Quaker tier, it costs 20 Sweatcoins per month. And this is fine, except if you forget about Sweatcoin for a couple of months, your earnings could vanish in membership costs.

So be aware.

Ads

Sweatcoin allows you to watch ads and therefore receive Sweatcoins. The payout on these ads is between 0 to 1.000 sweatcoins.

Once I did win 1.000 Sweatcoins from watching an ad, so it’s definitely possible.

How much is a Sweatcoin worth?

Sweatcoin doesn’t tell you how much a Sweatcoin is worth, but you can do some basic math and figure it out.

There was an option where you could withdraw $1.000 in exchange for 20.000 Sweatcoins. So…

1.000 / 20.000 = $0,05

So each Sweatcoin is in theory worth 5 cents.

Per 1.000 steps walk, you earn 0,95 Sweatcoin, or 5 cents

How much I earned

In total, I walked 3,2 million steps. This equates to 2960 Sweatcoins.

If we assume that each Sweatcoin is worth $0.05, I made $148.

But I made more than this.

I earned money through ads and I told my family and friends to install the app and then wire some of their Sweatcoins to me.

Sweatcoin allows users to send Sweatcoins to each other, which is pretty cool.

So in total, I’ve earned around 6 thousand Sweatcoins.

This equates to $302

Not bad, huh?

Cashing it out

There are a couple of ways to cash out your Sweatcoin earnings. The first way is to bid at the object. The objects you can win at the auction vary from PS5s, DJI drones, and Terraguns…

The only problem with the auctions is that the objects sell for around 30.000 Sweatcoins. Earning so many Sweatcoins often takes years.

You can also cash out your Sweatcoins by getting a discount on cheaper items.

Available through an update in the summer, you can withdraw your Sweatcoins through the SWEAT crypto. With over +90 million users, this could be a massive launch.

I do expect the price of the cryptocurrency to fall dramatically in the first few days as everybody withdraws their Sweatcoins.

Fitness

Nowadays, we eat way more fast food. I think it’s a good initiative of the founders to encourage people to walk. After I had downloaded the app, I was walking way more than before.

Sweatcoin also has a daily 2X boost for 20 minutes. All of the steps you take during those 20 minutes, will be doubled.

Anyways...

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