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Sweatcoin: This is How the Move-to-Earn Works with 120M+ Users

The movement is crazy: you turn your steps into crypto. Literally. Walk → earn SWEAT → sell or use in the marketplace. Without paying anything to enter.

What is Sweatcoin exactly?

It is an app that tracks your movements ( via GPS + phone sensors ) and rewards you with tokens. Every 1,000 steps = 0.95 Sweatcoins. The difference with other cryptos: instead of mining with computers, you “mine” by moving your butt. Less energy expenditure, more incentive to not be sedentary.

The Numbers that Matter

  • 120+ million active users since May 2024
  • 50 billion SWEAT generated collectively
  • App commission: 5% on converted steps
  • Current rate: you need ~3,623 steps to generate 1 SWEAT token (increases every year)

How the SWEAT Token Works

The developers launched their own blockchain token in September 2022 to give it more utility:

Uses of the token:

  • Trading on decentralized exchanges
  • Staking to earn rewards
  • Buy NFTs (futures market)
  • Spend in the app marketplace (Apple, Audible, Headspace, etc.)
  • Donations to charitable organizations

Tokenomics:

  • Initial supply: generated based on user activity
  • Decremental rate: 1 SWEAT → 0.33 SWEAT ( one year later ) → 0.02 SWEAT ( five years later )
  • Daily limit: max 5 SWEAT/day (increases with staking)
  • Objective: control inflation without killing incentives

Sweatcoin vs STEPN: Which One to Choose?

Aspect Sweatcoin STEPN
Entry Cost Free ~$1,000+ (sneaker NFT)
Tokens 1 (SWEAT) 2 (GST + GMT)
Decentralization In process Already has DAO
Learning Curve Easy More complex

Sweatcoin is more casual; STEPN is for serious traders.

Roadmap: What's Coming

  • ✓ Integration with Fitbit, Garmin, and other wearables
  • ✓ NFT marketplace with SWEAT as currency
  • ✓ Activities beyond walking (cycling, swimming)
  • ✓ Transition to decentralized DAO

Security and Privacy: Safe or Not?

Sweatcoin says:

  • Does not sell data to third parties
  • Anonymous data ( do not link location with identity )
  • Robust encryption
  • Second level verification for anti-fraud
  • 2FA available

The debate: while the app uses GPS, it only extracts necessary movement data. It's not Xiaomi collecting complete histories. Relatively safe.

Is it Worth Investing in SWEAT?

The positive:

  • Mass adoption (120M+ users already)
  • Strong partnerships (600+ brands)
  • Unique model that promotes health
  • 2018 study: +20% physical activity in 6 months

The risk:

  • Token inflation: it takes more and more steps to earn SWEAT
  • Value pressure: many users = many tokens in circulation
  • Key challenge: keeping the earnings attractive without collapsing the price
  • The model depends on new users maintaining demand

Expert prediction: SWEAT could grow if it expands features and adoption, but maintaining value with increasing supply is the real challenge.

How to Start

  1. Download the app (Google Play / App Store)
  2. Register with email/Google/phone
  3. Connect permissions: location + motion sensors
  4. Sync with health apps (Google Fit, HealthKit, Fitbit, etc.)
  5. Walk. Literal. That's all.

Pro tips:

  • Daily 2x boost in 20 min periods
  • Participate in challenges (extra rewards)
  • Invite friends (earn commission)
  • Maintain consistency (accumulate faster)

Bottom Line

Sweatcoin fills an interesting niche: crypto + wellness without barriers to entry. Unlike Bitcoin (computational power) or STEPN (requires capital), here you only need legs. The ecosystem is mature with 120M+ users and real partnerships.

The risk is classic of move-to-earn: is the token sustainable when millions earn simultaneously? The decentralization strategy (DAO) could help. For now, it's a fitness app with crypto bonuses, not a scheme to make you a millionaire.

SWEAT1.54%
GMT-2.1%
GST-1.21%
BTC-0.94%
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This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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