Trader logo

Sweatcoin

How does it work? Is it safe and what opinions is it collecting?

By Katarzyna GorniewiczPublished about a year ago 5 min read
Like

SweatCoin has been breaking popularity records in recent months. The application created by two Russians is primarily intended to encourage people to be more physically active.

It is an innovative project where we can mine cryptocurrencies by walking or running regularly. We decided to take a closer look at how the application works. What opinions does SweatCoin collect? How much can you actually earn? Is it safe for the phone?

How does SweatCoin work?

The application uses the GPS module in our mobile phone and works in the background. Therefore, all our activities are monitored and recorded. For every 1,766 steps taken on foot, we will receive exactly 1 Sweat Coin.

The app does everything possible to rule out fraud attempts. However, it is not easy. Driving or cycling will actually not work. But already connecting the phone to a dog chasing in the park? Such an attempt was made by one of the users and it turned out to be effective.

The application passed the distance traveled by the four-legged friend. You can also cheat on the software that misleads the GPS module. If such an action is detected by the application, the user will of course be banned and his funds will be forfeited.

How much can you earn?

Suppose we walk at least 10 km each day. Currently, one Sweat Coin costs about $ 0.015. Of course, quotes are variable, and the tokens can be converted into dollars. With the above activity, we will gain around $ 1 a day. Well, that's a pretty nice amount of pocket money.

However, it must be admitted that walking or running 10 km a day requires at least one hour of your time, taking into account normal activity during the day. We must also pay attention to one thing.

As you know, cryptocurrencies are very volatile. Spectacular success could make the token reach a much higher value.

However, given the huge interest in the project today, as well as numerous attempts at potential frauds, a spectacular increase in the Sweat Coin price is unlikely

How to start earning?

The SweatCoin mobile application can be downloaded from the official iOS and Google Play stores. After installing the application, you must agree to its access to the most important functions of the phone, including of course the GPS module.

Does SweatCoin work and pay rewards?

The project is currently in the testing phase, but many users have already confirmed their first payouts and rewards via social media. There is also one point to consider: SweatCoin provides an affiliate program. Therefore, if someone from your recommendation registers in the application, you will receive additional remuneration (5 SWEAT). It is from this activity that people promoting the application via Social Media earn.

The application actually calculates rewards in the form of cryptocurrencies for its activity. We can then convert them to USD in the PayPal wallet. At the moment, we can confirm that SweatCoin is actually working and paying out money. This is a nice way to get free cryptocurrencies.

Is it safe?

Here we come to the biggest controversy that is widely discussed on the web. At the moment, there are no clear reasons to accuse the application of harmful to the phone. However, there are other premises that allow for the formulation of such a hypothesis.

People familiar with the subject are well aware that mining cryptocurrencies involves the consumption of a certain computing power. There is a possibility that the application in the background consumes a lot of the computing power of our device, which of course reduces the life of components, especially the processor and battery.

We can certainly see an increased loss of energy, but this is normal for all applications that are actively running in the background.

Can SweatCoin damage my phone? It is worth monitoring this issue. If the users' assumptions are confirmed, sooner or later there will be evidence to support this thesis.

How to withdraw money?

Before creating an account in the application, we need to set up our own PayPal wallet. It is necessary to withdraw money. Once we create our account, we can start earning with the application. Of course, it must be active in the background all the time. Otherwise, our activity will not be counted and rewarded with tokens.

SweatCoin reviews

The application allows you to earn cryptocurrencies and pays out your earnings. Of course, these are not large amounts, but if you are one of the active people, you can earn quite a lot. Will this trend continue?

We can see two potential scenarios: SweatCoin will continue to gain popularity and with its help it will be possible to earn some extra money on regular activity. The second option is less optimistic. Dishonest people will do anything to lie to the GPS module and generate tokens with no activity. Such practices on a larger scale could lead to the collapse of the project.

In the current phase, the project is gathering good feedback. Users are satisfied with the operation of the application and the profits they generate through it.

Opinions from the Internet

On independent review portals, we can find many opinions confirming the credibility of SweatCoin. Out of 1,420 ratings, over 66% are positive.

The situation is similar according to users using the Google Play store. Out of over one hundred thousand million ratings, the vast majority of people have positive opinions about SweatCoin.

Is it worth making money with the SweatCoin app?

If you are an active person and cover considerable distances every day, you can install the application and start earning small amounts of several dozen zlotys a month.

However, the project should be closely monitored, especially in the aspect of suspicions of a harmful effect on the device. Is SweatCoin likely to last in the long run?

Already, there is no shortage of scammers who are doing everything to distort activity and mislead GPS. If the value of the token increases, this phenomenon will expand. Developers can therefore have a big problem with eliminating all attempts to lie to the application.

advice
Like

About the Creator

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    © 2024 Creatd, Inc. All Rights Reserved.