This app came across my desk today (metaphorically) and it seemed like an interesting concept so I decided to give it a look. Sweatcoin is the app the pays you just for walking, converting every 1000 steps into 0.95 of the sweatcoin currency. Sounds pretty good right? It's not as good as it may seem but I'll get onto that shortly. The concept itself is very enticing, rewarding you for getting out of the house and exercising.
The email that I received upon sign up very much seems to be selling sweatcoin similarly to a cryptocurrency, saying "as you’re in early, we recommend committed collection of Sweatcoins in these early days. Sweatcoins will only increase in value from here on in as more people earn them." So far the only way to spend these coins is within the app (more on that in a bit); but who know? Maybe one day we could see this turn into a new cryptocurrency, highly unlikely as it is.
The layout is quite attractive when you first sign up, showing an isometric background that interacts when you move the direction that you are holding your phone. As you can see, there is a meter in the middle that can be filled up to 5,000 steps. This is for the first membership level, you can upgrade your membership level by spending sweatcoins on them. At the moment the highest level lets you walk 20,000 steps a day but more are being added as the app is updated. To register the steps you need to have GPS turned on at all times and the app can be quite a heavy drain on battery life.
Now this is where the app gets a little more disappointing. The rewards are not the greatest, however, there do change every day but there is no definite way to get a payout, such as regular gift cards or paypal which is a bit disappointing. The only reward that I have seen that would've been worth getting is an apple watch for 10,000 sweatcoins, but then I don't even use an apple phone. Hopefully we will see this improve in the future, paypal would be a nice addition, and make the app a bit more worthwhile to use.
If you think this app is worthwhile and want to give it a try, please use my referral sweatco.in/hi/james570194. Otherwise, if you liked the post any upvotes would be greatly appreciated as well as a follow. Also, please leave a comment; I try to reply to and upvote all comments that I can.
I've been using this app for a couple months coincidentally and I've only got like 60 coins or whatever. This is probably cause you need the app open to start getting rewards though. Also, occasionally a way to withdraw with paypal does pop up, so I'm just waiting for that.
Any idea how frequently paypal does pop up?
Not exactly sure I just know it's not very often
Ah. That's a shame
A nice concept really. But the part where it gets disappointing is really disappointing :( I would love to see a good realization of the concept in the future for sure!
It definitely has potential.
Sounds like an interesting idea. Could grow quite a bit I would like to hear more if any big changes happen.
I'll try to keep updated with it.