▶ How to use Sweatcoin to earn cryptocurrency
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Using fitness apps is an increasingly widespread phenomenon in our society, but some even offer benefits, which makes many users wonder how to use Sweatcoin to earn cryptocurrencies The fact that this application transforms our steps during the day into a cryptocurrency, sweatcoins, which we can then exchange for items, has made it a very attractive alternative for those who need a more incentive to put on your sneakers and go for a walk or run.
The operation of Sweatcoin is quite simple, since when you install the application and create our user account, it will begin to count our physical activity. We can even convert the steps indoors, something that not all applications with a pedometer take into account. The current step conversion rate on the platform is one sweatcoin for every 1,000 steps, to which a 5% processing fee must be subtracted the transference.
Once sweated and obtained our sweatcoins, we can exchange it for the items that are available in Spain by clicking on the icon with the shopping bags that we find in the lower menu bar (see image). In this section, we can find not only the store to use, but also other tabs to donate ('Donate') or bid in the auctions that are open at that time. moment ('Bid').
How to transform sweatcoin steps into crypto
The boom that cryptocurrencies are experiencing, however, makes many wonder if this application will answer questions about how to transform sweatcoin steps into crypto. For them there is good news, since it is in the platform's plans to have its own cryptocurrency starting this summer, sweat.
As announced in the application itself, sweat is a new cryptocurrency that can be exchanged for other currencies such as bitcoin, ethereum, etc. . It can also be used outside of the app, unlike sweatcoins , which are only useful in the app store . The company that has developed Sweatcoin has established that the exchange value is one sweat for each sweatcoin (with the 5% commission already mentioned above).
To anticipate the upcoming release of Sweat, Sweatcoin is already allowing its users the ability to create their wallet in the app so they can when they are launched they are already at your disposal. To create the portfolio, in the purchase section you have to go to the 'Crypto' subsection and click on 'Sign up to claim'. Various informative texts will appear there and we move the bar to the right until a screen appears with the 'Get your wallet' button. In this way we can create the digital portfolio for this cryptocurrency.
As announced in the application, the first 5,000 steps of the day will be used to mint (coin) your sweats . It is also warned that, as time goes by -and as more users begin to produce their own sweats in theory-, it will be more difficult to mine them, in the same way that it already happens with bitcoins.
For this to work, Sweatcoin will need to improve its user experience quite a bit so as not to frustrate users as it crashes quite a bit often. Another aspect that could be improved is the 10% loss of steps that they estimate with their algorithm, which can lead many people to consider that the reward system is not fair since the step count is not 100% faithful to their effort.
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