How to Earn More SWEAT Crypto in SWEAT Wallet

The SWEAT cryptocurrency is now live this week and is generating remarkable buzz among Sweatcoin users. The desire to accumulate more units of this cryptocurrency leads many to wonder how to earn more SWEAT cryptocurrencies in SWEAT Wallet This application, necessary to manage the first dive in the world crypto from a large percentage of Sweatcoin users, has some new features.

One of the main novelties that SWEAT Wallet brings with it is the possibility of sending and receiving SWEAT by other usersTo do this, when opening the application we will have to click on the 'Transfer' button that appears on the left side of the screen and a menu will be displayed with two options: 'Send' and 'Request' (Send and request, in Spanish). In this case, click on 'Request' and our portfolio will appear. By clicking on 'Copy' we can send our SWEAT wallet address to another user, and there they can deposit the SWEAT that they want to send us.

It is clear that to receive more SWEAT we will have to meet other users who also have the application and who want to give us part of their balance, so it will depend on their willingness to do so. In the SWEAT Wallet application there is also a section to convert our real money into SWEAT, but this function is not yet available The third way is to use the Growth Jars , some piggy banks with which we can invest our SWEAT to obtain a higher return in the future.Its use is detailed later in this article.

How many sweatcoins can I redeem as SWEAT

One of the big doubts floating around is knowing how many sweatcoins I can exchange as SWEAT, and that is that the conversion changes noticeably once the cryptocurrency launch event has occurred. As we already know, users who participated in this event and set up their wallets over the summer saw all their sweatcoins converted to SWEAT with a 1:1 conversion rate. Once this event has passed, only the first 5,000 steps that users take each day will become SWEAT.

The rest of the steps you take will be converted into sweatcoins in the Sweatcoin app, but at the moment they cannot be converted into SWEAT. In the SWEAT Wallet app it is noted that it is possible that in the future some new exchange of the sweatcoins accumulated in SWEAT can be made, but for the moment we will have to settle for what is generated with the 5.000 first steps In addition, the number of steps required to generate a SWEAT has already increased, so it will be increasingly difficult to get this cryptocurrency.

How Growth Jars work

Now yes, it's time to detail how Growth Jars work This function allows SWEAT to be deposited in a piggy bank for a certain period of time and get some interest along the way that increases profits. To use them, we have to click on the 'Grow' button, and a presentation screen of this function will appear. Again, click on 'Grow' and we will see the available Growth Jars. Users can choose to set aside an amount of SWEAT for one year, six months or three months, and the interest earned will vary over time (the most popular option for SWEAT Wallet users is the 12-month Growth Jar , which offers a yield of 12%).

Once chosen, we write in the text box the amount of SWEAT that we want to deposit in the Growth Jar (it will be seen in the screen how many SWEAT will be earned when the time ends) and click on 'Continue'. Next, we will have to slide the lower bar that reads 'Accept and confirm' by holding down the button with the two arrows until the square on the right side of the screen and we will have already made the investment.

Can I lose my SWEATS in Growth Jars?

If the crypto world is characterized by something, it is its volatility, and it would not be the first time that a cryptocurrency has sunk irretrievably. Can I lose my SWEATs in the Growth Jars? This possibility, according to the developers of the application and the cryptocurrency, is small, but not 100% ruled out.

Beyond the fact that the value of SWEAT can be devalued to a greater or lesser extent, the risks that can cause the user to lose their SWEAT deposited in the Growth Jars can come from a possible bankruptcy of the creators by SWEAT Economy. A hack by cybercriminals or the illegalization of the SWEAT cryptocurrency are other factors that could also occur, which would end up resulting in the loss of saved SWEAT

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