Why you Must Start Using The SweatCoin App NOW

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  • Sweatcoin is unfortunately not currently available in the USA

Sweatcoin?

After witnessing the recent wild success of recent move-to-earn (M2E)Web3 applications like STEPN (GMT) and STEP (FITFI), an “old-timer” in the fitness reward app game is set to release their new Cryptocurrency at “the beginning of summer”. People across the world are madly trying to get in their 10,000 steps a day before the release of their token, as every Sweatcoin that accumulates until the launch of their token will be awarded at a 1:1 ratio with their upcoming crypto token. This very well could be the largest crypto-giveaway event of all time.

Sweatcoin has been around for quite a while now, since January 2015. Since then, users have been redeeming their coins for real-world and digital rewards through the app. Up until now, their coins had no real outside of in-app redemptions. According to Sweatcoin, there will be an upcoming ‘Token Generating Event’ at which users will be rewarded with a once-only offer to match the number of Sweatcoins they hold in their wallet with an equal number of SWEAT. Previously redeemed coins by users will not be redeemable for the new crypto-token.

From Web2 to Web3

Since the announcement that Sweatcoins will be converted to their upcoming cryptocurrency, the app's user base has skyrocketed. according to Twitter they have seen over 5–10 million new users within the last couple of months, with millions of new wallets being created. This begs the question as to what are will the technical details of Sweatcoins new token will be? How many decimal places? What will the market cap be? these are questions that remain a mystery as of the time of writing. However, SWEAT tokens will also have their own intrinsic value.

What we can assume is that users will be able to hold onto SWEAT’s new token as a form of investment, or exchange them for other types of cryptocurrencies. SWEAT will inevitably be available on a variety of crypto exchanges, so you’ll also be able to convert it to hard cash, or other cryptocurrencies as well.

We can take a look at the current Sweatcoin prices to get an idea of what the SWEAT token will eventually be valued at. At present, the exchange rate for a Sweatcoin is somewhere between $0.05 and $0.10 within the Sweatcoin App Marketplace. As the company launches the new cryptocurrency, there is certain to be more volatility in the Sweatcoin price. Other M2E cryptos range from around $0.00295 to $15.00 in value. Industry experts predict that Sweatcoin crypto (SWEAT) will start with a value on the lower end of Sweatcoin and increase quickly toward higher M2E crypto prices - as more users opt into these applications. With that being said, obviously, there are no upfront costs to start earning Sweatcoin at the moment, as it is only a Web2 mobile app. Web3 apps based on NFT’s have high costs in order to get into the ecosystem and begin earning their associated reward tokens. This will surely decrease the value of their cryptocurrency, as it’s just not as rare or exclusive as STEPN.

On the other hand, I see this as a way for the masses to not only start paying attention to their physical fitness but also as a low-barrier-to-entry way to get into the world of cryptocurrencies, without any initial fiat deposit. It will surely be quite a unique experiment. Never have so many cryptocurrency tokens been airdropped on so many users in the past, this will be quite an interesting event to keep our eyes on. Due to the way the upcoming SWEAT token will be designed, investing the time and energy now is certainly a good move, both for your wallet and for your heart. In the early stages of the token, you will get more SWEAT tokens for your steps. Over time, SWEAT tokens will be harder to earn, so the token value will increase. Those who get SWEAT crypto early on may experience some exciting returns in the future.

Now get out there and SWEAT!

I believe Sweatcoin is poised to become one of the most exciting upcoming cryptocurrency projects out there. With all the recent success of innovative startup M2E apps, Sweatcoin could easily come out ahead of all of them due to its already massive userbase. I recommend you sign-up and download the Sweacoin app as soon as you can, and start getting in your 10,000 steps a day — before it's too late! I can’t think of a better incentive to get up and start moving, knowing that it could earn you actual money in the future.