Reasons why Sweatcoin is booming in 2024: Can you really make money by walking?

The Core Logic Is Simple

You walk every day, right? Sweatcoin turns your steps into real money. As of May 2024, more than 120 million users worldwide have collectively “mined” 50 billion SWEAT tokens. This isn’t some sci-fi concept—it’s a real “move-to-earn” ecosystem.

How Do You Make Money?

Basic Logic:

• 1,000 steps = 0.95 Sweatcoin (early days)
• Now it takes 3,623 steps to mine 1 SWEAT token
• Daily cap of 5 tokens (can be increased by staking)
• App charges a 5% fee

Unlike Bitcoin mining, which relies on computing power, Sweatcoin is true “physical mining”—your exercise is proof of work. This design avoids the energy consumption issues of traditional mining, while forcing you to stay healthy (maybe we should thank them for that).

2018 study in the British Journal of Sports Medicine: Users increased their physical activity by 20% after using the app for 6 months. It really works.

Does SWEAT Token’s Economic Model Have Issues?

A bit. Token output decreases over time:

• Year 1: 1 SWEAT/1,000 steps
• Year 2: 0.33 SWEAT/1,000 steps
• Year 5: 0.02 SWEAT/1,000 steps

This design controls inflation, but also means that later users earn less and less. As the supply of SWEAT in the market keeps increasing, if demand doesn’t keep up, the token price could face pressure. This is a headache for all Move-to-Earn games (including STEPN).

vs STEPN: Why Choose Sweatcoin?

Sweatcoin: Free to start, no need to buy NFT shoes, very low barrier to entry

STEPN: Need to invest in NFT shoes (high cost), but more complex token design (GST+GMT dual tokens), higher earning potential

Your choice depends on whether you want to “earn a bit on the side” or “go all in.”

The Ecosystem Is Expanding

Already partnered with 600+ brands, including:

• Consumer: Apple, Audible, TIDAL, Headspace
• Charity: Save the Children, Cancer Research UK
• Future Directions: NFT marketplace, more sports like cycling/swimming, DAO governance

Sweat Wallet (the official wallet) allows you to stake SWEAT for yields and participate in DeFi activities. It’s an upgrade from simple “steps to tokens” to a complete crypto ecosystem.

Security and Privacy: Done Pretty Well

• Doesn’t sell user data to third parties
• Uses strong encryption for transmission and storage
• Secondary verification to prevent cheating
• Supports 2FA two-factor authentication
• Only collects necessary info (name + phone number)

Risks to Know Before Investing

1. Inflation Pressure: Supply keeps increasing—can demand keep up?
2. User Retention: Can the hype last, or will it cool off like another fad?
3. Regulatory Shifts: Countries’ attitudes toward Move-to-Earn games are still evolving
4. Token Price Volatility: Even if you earn for free, prices might not be great when you sell

Is This Worth Participating In?

Good For:

• People who already exercise (turning motion into cash)
• Crypto newbies wanting low-cost exposure
• Treating it as a side gig or casual entertainment

Not Good For:

• Those dreaming of getting rich quick (it’s not that lucrative)
• High-return investors (this is a game, not a financial product)

What to Watch in the Future

Experts think SWEAT has growth potential, key factors being:

• User growth (new users starting from 0, long-term contribution )
• Feature expansion (NFTs, more sports, DAO decentralized governance)
• Deeper brand partnerships

If these three directions progress, SWEAT could transform from a “free token” into an asset with real utility. But the ecosystem has to stay active and there have to be buyers for the token.

Summary: Sweatcoin is currently the most “zero-cost” crypto earning method, but the rewards are limited. Treat it as “walk-to-earn pocket money,” not a “get rich overnight” tool.