What is Sweatcoin?(Run and Earn)
Sweatcoin is an exercise app that tracks your steps and pays you in ‘Sweatcoins’- a type of quasi-cryptocurrency – each time you walk 1,000 steps. Unfortunately, you can’t actually cash out Sweatcoins to your bank account. Instead, Sweatcoins can be put towards goods, services and experiences from partnering companies via an in-app marketplace.
Offers in this marketplace change frequently. Sweatcoin Guide says that its offers can include discounts for everything from clothing, food and exercise equipment through to iPhones, televisions and even PayPal and Amazon credits. The site warns that popular offers can sell out quickly, so it you want to snag something good, it’s wise to check the marketplace often.
You can trade Sweatcoins with other users, and if you’re feeling more altruistic, you can donate them to charitable campaigns. According to Sweatcoin’s website, the app is an official partner of Save The Children, and has worked with charities including Cancer Research UK, the African Wildlife Foundation and Conservation International.
Initially, Sweatcoin only tallied your outdoor steps. This meant that any indoor steps you took – say at the gym, at work, or if you had to climb down 22 flights of stairs during an office fire drill like I did – would not count. This changed with an update of the app, however, and now your indoor steps count towards your total.
How does Sweatcoin actually work?
Sweatcoin is available on the Apple Store and Google Play Store and can be used via a smartphone or Apple Watch. After downloading the app, you are prompted to enter your name, phone number, email and, crucially, to allow the app to access to your GPS location. With your data potentially at stake, some have raised privacy concerns. In response, Sweatcoin promises 100% data privacy and says on its website that it would never sell user data.
Once set up, Sweatcoin uses your device’s accelerometer and GPS location to track your steps. The app currently gives you 0.95 Sweatcoins for every 1,000 outdoor steps you take (it automatically docks a 5% commission on each Sweatcoin earned).
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