Using apps to get fit is an increasingly widespread phenomenon in our society, but some even offer benefits, causing many users to 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 an extra incentive to put on their sneakers and go for a walk or run.
The operation of Sweatcoin is quite simple, since by installing the application and creating our user account, it will start counting our physical activity. We can even convert steps indoors, something that not all pedometer applications take into account. The current step conversion rate on the platform is one sweatcoin per 1,000 steps , minus a 5% transfer processing fee.
Once our sweatcoins have been sweated and obtained , we can exchange them 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 that section, we can find not only the store in use, but also other tabs to donate (‘Donate’) or bid on the auctions that are open at that time (‘Bid’).
HOW TO TRANSFORM SWEATCOIN STEPS INTO CRYPTO
The boom that cryptocurrencies are experiencing, however, makes many wonder if this application will answer the questions about how to transform Sweatcoin steps into crypto . For them there is good news, since it is in the plans of the platform 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 get ahead of the next release of Sweat, Sweatcoin is already allowing its users the ability to create their wallet in the app so that when they launch they are already available to them. To create the wallet, in the purchase section you have to go to the ‘Crypto’ subsection and click on ‘Sign up to claim’. Several 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 wallet for this cryptocurrency.
As announced in the application, the first 5,000 steps of the day will be used to mint (mint) their 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 mint them , in the same way that it already happens with bitcoins .
For this to work, Sweatcopin will have to improve its user experience quite a bit so as not to frustrate users, as it crashes quite often. Another aspect that could be improved is the 10% of lost 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.