Do you really make money from walking? A real analysis of Sweatcoin in 2024

The surprising truth: 120 million global users are walking to mine cryptocurrencies. But is it really worth it?

How does this project work?

Sweatcoin is not an ordinary fitness app. It is a “move-to-earn” app that converts your steps into digital currency:

• Every 1000 steps = 0.95 Sweatcoin
• Currently: You need 3623 steps to mine one SWEAT ( the number increases over time )
• Daily limit: 5 SWEAT tokens only
• Application fee: 5% on every transfer

This is completely different from Bitcoin, which consumes massive amounts of energy. Sweatcoin uses your physical activity as a “mining mechanism” - smart or not?

The numbers that matter to you

Supply and Inflation:

• Start (2022): 1 SWEAT for every 1000 steps
• After a year: it drops to 0.33 SWEAT
• After 5 years: it drops to only 0.02 SWEAT

Translation: The more users there are, the smaller your share of the coins. This means scarcity may increase value… or not.

Actual Uses of Tokens

1. App Store: Purchase sports equipment, electronic devices, gift cards
2. Trading: Transferring tokens to cryptocurrency wallets and trading them.
3. Pledge (Staking): Locking tokens to receive additional rewards
4. NFTs: Their use in the future of the NFT platform
5. Charitable Work: Donate to Save the Children and Cancer Research UK

Strong partnerships: Apple, Audible, Headspace, TIDAL with over 600 global brands

Sweatcoin vs STEPN: Which is Better?

Real Risks

1. Continuous inflation: As the number of users increases, the value of SWEAT decreases. A simple equation: Supply ↑ = Value ↓

2. Earnings Rate Declines: Initially, you earn 1 SWEAT for every 1000 steps. Over 5 years, it will drop to only 0.02. This is a 98% decline!

3. Technical Challenges:

• Maximum 5 tokens per day
• 5% commission on transfers
• Verification of the steps may not always be accurate.

What do the experts say?

A study from the British Journal of Sports Medicine (2018): users increased their physical activity by 20% in just 6 months.

This is a positive aspect: the application truly achieves its health goal.

Future Plans

• Expanding activities: swimming, cycling (not just walking)
• Integration with Fitbit and Garmin devices
• Transition to DAO ( Decentralized Governance )
• Integrated NFT Market

Summary: To start or not?

✅ Start if you are:

• You really love walking ( not just for the currencies )
• Looking for a health incentive
• Do not expect huge profits soon.

❌ Do not start if you are:

• Looking for quick income from cryptocurrencies
• In an area without strong GPS
• Planning to rely on this as a primary source of income

The Golden Point: Sweatcoin is a health incentive tool with digital rewards, not a money-making machine. If you accept this, you may enjoy it.