Hey folks so after some delays, the day is finally here — people from the United States finally have the ability to earn/trade/buy/sell $SWEAT tokens via the Sweat Wallet. If you’re completely new to Sweat, before diving in any further, I highly recommend you first check out an article I did on $SWEAT last month.
There’s still several features that don’t seem to be available yet, but I’m really a big fan of the app itself, and so far it seems pretty easy to navigate and use.
A few things worth mentioning…
Earn additional free Crypto through the ‘Learn’ section
Free is free, and even though the current market price for 1 $SWEAT is barely worth $0.01, I’m not complaining. Right now (at least on my wallet) you can earn 6 $SWEAT and 0.1 $NEAR. And if you hadn’t realized while poking around, $SWEAT is on the Near blockchain, so 0.1 $NEAR should give you enough for gas, even though (at least in my wallet) they already give you at least a small amount of $NEAR (0.04) in addition to your $SWEAT.
Growth Jars
Personally I’m not a fan of locking up tokens, but right now you can put your $SWEAT into Growth Jars to earn the following rates:
Just from a quick glance at their unlock schedule, the interest you could earn doesn’t seem to outweigh the sheer number of tokens that will get released to dilute you:
On the flip side however, just by having at least 0.1 $SWEAT in your growth jars, it does give you the chance to earn various prizes such as the following:
Anti-Dumpable
If you were hoping to get in and immediately dump all of your $SWEAT, then I hate to say that you’ll find yourself out of luck. In the ‘Portfolio’ section if you scroll down, you’ll see that the amount of $SWEAT that you may have accrued prior to US launch is locked, and will only unlock at about a rate of 4% per month:
I actually like that this feature has been put in place, because I would imagine that with millions of US users out there, a massive unlock would have devastated an already dwindling token price.
Conclusion
Obviously $SWEAT probably won’t make you a millionaire, but the bottom line is that Sweatcoin does provide a monetary incentive for people to be active, and as long as you’re not spending a lot of time speculating on price, it provides a win-win scenario for a lot of people that could use that little extra push.
If you’re interested in trying out the Sweatcoin app and earning your own $SWEAT, please consider supporting this blog and using my referral link, I think it gives us both 5 $SWEAT (yes, that’s $0.035) if you join.
And as always, thanks for taking the time to read this and be sure to follow me on twitter (https://twitter.com/CryptosWith) to get all my latest updates. If you want to get access to all my draft links or get an idea about what’s next on my docket before I publish, find me on Friend.tech, where I share all that information in my chatroom. Also, looking for a gift for your Crypto-loving/hating friend? Give them a REKT journal to cheer them up!
Disclaimer: And as a final reminder, this is not financial advice and this is for educational and entertainment purposes only. Please as always, do your own research and find what investments are best for you. Cheers everyone!
