Sweatcoin Review 2022: Legit or a Scam ?
What is Sweatcoin?
The word "Sweatcoin" translates to "sweat coins. So the principle of the game is clear - we earn tokens for steps and running.
This application has already been downloaded by more than 75 million users, it has hit the App Store trends in many countries.
Should You Pay Attention to This Game?
The project itself has no threshold of entry, any user can start farming tokens after installation, thanks to this fact, everyone can get acquainted with the ecosystem of the project and decide it is worth attention or not. It is also worth noting that there are many options to increase their profits, which do not require much effort.
Advantages and Disadvantages of Sweatcoin
The project has a single token that is converted and used in the ecosystem. The value of Sweatcoin varies depending on the offers available at any given time. By observation, the value varies from:
20 Sweatcoin = $1
To 31.25 Sweatcoins = $1.
This means that Sweatcoin can be exchanged for $0.03 to $0.05 a piece. If you participate in the impact program, you can currently exchange your Sweatcoins at the rate of 4 Sweatcoins = $1 (or 1 to 0.25).
The project has ambitious plans for its token and the developers have described in detail each stage throughout the project life cycle
In addition to proper planning of tokenomics, there is also an algorithm for unlocking coins as the project grows
The project has a number of investors, such as the fund Spartan, which has already had time to cooperate with Genopets, Defy and other promising projects, so that the project is interested to big companies.
How to start playing in Sweatcoin ?
The app works like a regular fitness tracker, so there should be no complications.
- Go to the official website, click Download App and download the app for your device.
- Sign in to the app.
- In the settings, give permission to track your activity and show notifications.
- Walk, run and earn SWEAT.
- The NEAR Wallet for SWEAT tokens will be available to users closer to the launch of the token itself.
Gameplay is standard, you just go and farm, the conversion of 1 token per 1000 steps, but there are nuances, regular users are limited to 10000 steps and have one boost to doubling, among other things, has a referral program and the ability to view ads from partners. For enthusiasts there is a premium subscription, it currently costs $4.99 a month or $24.99 for the year. Premium offers the following benefits:
- Doubles the number of all steps (i.e., the booster works all the time, not 20 minutes a day);
- No limits on the number of tokens earned per day;
- exclusive merchandise in the store
- personal avatars in the profile;
And the last way to farm is to take part in community Challenges and promotions. These are opened under the "Challenges" tab. If you complete a challenge (such as taking 250,000 steps in a month), you'll receive a reward. Again, active participants can expect to receive airdrops in the future.
The project team is built on the enthusiasm of young guys without big names, which inspires optimism, because they are gaining an audience of results, not hype. Here's what they say about themselves.
First half of 2022
Second half of 2022
The project is quite ambitious and is set to occupy a good layer of the M2E project niche. If you are interested in the project, you can check out Litepaper on their website.
Play-to-Earn games can be highly risky due to price volatility. It is worth remembering that the tokens used by the Sweatcoin are not only in-game currency, but also cryptocurrency traded on an exchange. This type of investment requires a balanced approach. Gamers' investment in the game could suffer. We do not encourage you to invest your money in such products, and we are not responsible for any money lost. All investments you make are at your own risk.
Is it possible to buy something with Sweetcoins now?
Yes, the app has a built-in store where we can exchange Sweatcoins for merchandise, training courses, or certificates (such as a certificate to Amazon). There is even an Apple Air-tag for 2,000 Sweatcoins among the available items.
What are the different subscription plans on Sweatcoin?
Sweatcoin is available on two different plans:
You can try the Premium plan free for 7 days. After your free trial, you can pay for Premium on a monthly or annual basis.
Sweatcoin showed a new perspective on M2E and very interesting solutions that set it apart from the competition. Let's hope that the project will develop as planned and we will continue to follow its development.