This new app might be one of the best ideas considering the sync it creates between money and exercise so get sweating with Sweatcoin asap. Bitcoin transfer and mining involve some seriously impressive power consumption.
But this app takes crypto mining to a whole new level by converting our body movement to Sweatcoins. With its downloads rocketing up on the Apple and Android charts with a theme that aims to use cryptocurrency to get people burning their own calories.
Benefits when you Get Sweating with Sweatcoin
The app Sweatcoin swaps the blockchain technology of bitcoin and other cryptocurrencies for what it calls the walkchain, in which users earn coins for the steps they take during the day.
It’s then possible to redeem those coins for in-app offers, which can include anything from Amazon Credit and a Fitbit Flex to a curved Samsung TV and an iPhone X.
That’s why we recommend to get of the couch and get sweating with sweatcoin and start earning some extra cash while keeping healthy.
It is not confirmed that whether Sweatcoin is technically a cryptocurrency needs to be debated upon. It’s currently not based on blockchain tech or available for use outside the app’s platform. Users earn a Sweatcoin for every 1,000 steps they walk, less a 0.05 Sweatcoin commission.
Free users can earn up to 5 Sweatcoin a day or 150 a month equivalent of walking a mile or so each day. More active users can upgrade to plans that allow them to earn more. The app does have its drawbacks, at least if you are planning to buy a treadmill.
Sweatcoin uses your phone’s GPS to compare steps recorded with actual movement. So the app won’t work unless you’re actually moving through space while using it.
Think of that as the walk chain equivalent to the verification process for newly mined bitcoin —Sweatcoin wants to ensure no one earning its exercise-based currency is cheating the system.
Sweatcoin requests users keep the app running at all times, saying that quitting the app may affect its ability to log steps more generally. It also requests that it have constant access to your phone’s GPS feature. Currently available in select areas might soon be available to download so keep a watchout and get sweating with sweatcoin.