<p>Sweatcoin (SWEAT) is the first project to be built in the NEAR ecosystem with a "move-to-earn" model. Its purpose is to help users get money from their motivations, such as walking or running. In this article, <a href="https://www.builder.news/" alt="Builder.news" title="Builder.news" target="_blank" rel="" class="">Builder.news</a> will provide readers with what is necessary for this <strong>Sweatcoin review</strong>.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ed0f1711f175cda8e6023f659fee92.jpg" alt="Sweatcoin review" title="Sweatcoin review" width="600" height="333"></p><h2>What is Sweatcoin?</h2><p>Many people might come into the question: “<strong>Is Sweatcoin legit?</strong>”. Yes, it is. Sweatcoin (SWEAT) is a legit mobile app that connects with Google Fit, Apple Fit, or other fitness apps on users’ mobile phones to count their daily walking steps and then uses them for various purposes such as investing in cool products, donating to charity, or exchanging them into Sweatcoin crypto (SWEAT token).</p><p>Similar to other cryptos, the <strong>Sweatcoin price</strong> will change due to it being dependent on supply and demand. As with Bitcoin, mining each individual SWEAT token will become more difficult over time. As a result, taking every walking step now will earn you more <strong>Sweatcoin crypto</strong> than taking steps later. This is an intentional feature that incentivizes users to exercise now rather than later.</p><p>From the day it started in 2016 till now, Sweatcoin has achieved:</p><ul><li><p>76M+ users in 51 countries</p></li><li><p>600 partners providing</p></li><li><p>Users 20% more productive after using <strong>Sweatcoin app</strong></p></li><li><p>Especially, only in Q1 of 2022, having $70M worth of goods and services in exchange for steps.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db52323a8e6023f659fee92.jpg" alt="sweatcoin price" title="sweatcoin price" width="600" height="406"></p></li></ul><h2>Sweatcoin review: Profound features</h2><h3>Daily 2x boost</h3><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db528cea8e6023f659fee92.jpg" alt="is sweatcoin legit" title="sweatcoin daily 2x boost" width="600" height="1201"></p><p>Every day, players will be able to take part in the Daily 2x Boost challenge. This challenge allows users to select a 20-minute time of the day during which they are most active and take the most steps. During this period, users will receive double the number of steps after the challenge concludes.</p><h3>Daily Rewards</h3><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db52bf6a8e6023f659fee92.jpg" alt="sweatcoin app" title="sweatcoin daily reward" width="600" height="523"></p><p>Every day, you will be given three tasks along with respective three rewards on the&nbsp;<strong>Sweatcoin app</strong>. All of them are to watch promotional videos to receive a gift. Each gift box will have a random reward from 0 to 1000 $SWEAT. The last task of the daily reward is the "Walk 1,000 Steps" quest. In detail, for every 1,000 steps you take, you will receive 0.95 $SWEAT and you will get a maximum of 9.6 $SWEAT, corresponding to 10,000 steps per day.</p><h3>Shop and Bid</h3><p>This is an outstanding feature that users might want to experience on the&nbsp;<strong>Sweatcoin app</strong> because it allows them to convert their SWEAT points into vouchers or other presents. In the marketplace, there are 2 main sections:</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db52f36a8e6023f659fee92.jpg" alt="sweatcoin app" title="sweatcoin shop" width="600" height="851"></p><ul><li><p><strong>Shop</strong>: Users can exchange their sweat points for a voucher to discount products from some brands such as Netflix, Amazon, Adidas, PayPal,...</p></li><li><p><strong>Bid</strong>: Sweat coins will display their value items for players to auction off using their sweat points.</p></li></ul><h3>Donation</h3><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db53a1ea8e6023f659fee92.jpg" alt="sweatcoin app" title="sweatcoin donation" width="600" height="902"></p><p>Sweatcoin launched the Sweatcoin For Good (S4G) campaign in order to connect with other organizations and private donors. S4G has successful development thanks to cooperation with over 100 volunteer organizations in the world such as Lonely Whale, Cancer Research, African White,...That’s not at all, S4G is also an official partner with humanitarian aid organizations (SCI - Save the Children). Therefore, by donating sweat points, users can join these volunteer projects.</p><h3>Premium version</h3><p>The app's standard version is free, but there is a premium version that costs $4.99 per month. This version allows you to earn twice as many Sweatcoins every step and unlocks premium features. However, because of the continuous payout, it is only really beneficial if you walk or run frequently; otherwise, you may spend more money each month than you make in Sweatcoin.</p><h2>Sweatcoin review: $SWEAT tokenomics</h2><h3>Sweatcoin token key metrics</h3><ul><li><p>Name: Sweatcoin</p></li><li><p>Ticker: $SWEAT</p></li><li><p>Blockchain: NEAR</p></li><li><p>Token standard: ERC-20, NEP-141</p></li><li><p>Token Type: Utility &amp; Governance.</p></li><li><p>Total Supply: 22,000,000,000 SWEAT.</p></li></ul><p>In the Token Generation Event (TGE), all of the Sweatcoin that players have gotten before will be converted into SWEAT tokens. After TGE, there is only one way to mint a $SWEAT. Besides, after TGE, at the first 5,000 steps, players can mint a SWEAT token. All the next steps will create sweatcoins.</p><h3>Sweatcoin token allocation</h3><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db53d49a8e6023f659fee92.jpg" alt="how to cash out in sweatcoin" title="sweatcoin token allocation" width="600" height="527"></p><ul><li><p>SweatCo Ltd: 20%</p></li><li><p>SWEAT Launch Claim: 30%</p></li><li><p>Private Sale: 10%</p></li><li><p>Ecosystem Incubation: 7%</p></li><li><p>Team and Advisors: 11%</p></li><li><p>Foundation Treasury: 20%</p></li></ul><h3>Sweatcoin token release schedule</h3><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db54086a8e6023f659fee92.jpg" alt="sweatcoin apk" title="sweatcoin token release schedule" width="600" height="266"></p><h3>Sweatcoin token circulating supply</h3><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db54355a8e6023f659fee92.jpg" alt="sweatcoin coinmarketcap" title="sweatcoin token criculating supply" width="600" height="248"></p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db54669a8e6023f659fee92.jpg" alt="how does sweatcoin work" title="Sweatcoin Token criculating supply" width="600" height="251"></p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db5493aa8e6023f659fee92.jpg" alt="how does sweatcoin make money" title="Sweatcoin Token criculating supply" width="600" height="250"></p><h3>Sweatcoin token use cases</h3><ul><li><p>Pay for goods and services from great brands on the Sweatcoin app.</p></li><li><p>Participate in charity campaigns.</p></li><li><p>Gas Fee.</p></li><li><p>Governance.</p></li><li><p>Stalking rewards.</p></li></ul><h2>Sweatcoin review: Roadmap</h2><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db54c8fa8e6023f659fee92.jpg" alt="sweatcoin walking step counter" title="Sweatcoin Roadmap" width="358" height="753"></p><h2>Sweatcoin review: Team and founders</h2><ul><li><p>Oleg Fomenko (Co-founder and CPO): He has had a wealth of experience in behavioral change at Pepsi, Coca-Cola, Visa, PT, and BCG.</p></li></ul><ul><li><p>Anton Derlyatka (Co-founder and CEO): He is known as the founding CEO of a VC focused on HR and fitness-tech, while managing senior roles at A.T. Kearney, Reebok, and Pepsi-Coca-Cola.</p></li></ul><ul><li><p>Egor Khemelev (Co-founder and CTO): He is known as an experienced developer who has co-founded several technology companies in Moscow, including online content, video-hosting, and online photo moderation.</p></li></ul><h2>Sweatcoin review: Investors and partners</h2><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecdc9c3db55350a8e6023f659fee92.jpg" alt="sweatcoin paypal" title="Sweatcoin Investors and partners" width="600" height="237"></p><p>Many well-known organizations in Web3, including Jump Crypto, Spartan Capital, GSR, Electric Capital, and OKX Blockdream Ventures, invest in Sweatcoin.</p><p>Besides, a number of cryptocurrency founders, such as Do Kwon, Sandeep Nailwal, and Bjorn Wagner, are working together on this project.</p><h2>Sweatcoin review: Sweatcoin vs. STEPN comparison</h2><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ed080cb24a09b6a8e6023f659fee92.jpg" alt="sweatcoin vs stepn" title="Sweatcoin vs Stepn" width="600" height="401"></p><h3>Criteria #1: First movement activation</h3><p>Sweatcoin allows you to start moving your body right away, and every step you take counts and generates sweatcoin tokens for you. Although at the moment, sweatcoin tokens just create vouchers or gifts, when this project is launched on the NEAR blockchain in the summer of 2022, all of your sweatcoin tokens will turn into SWEAT tokens which can be purchased for other cryptocurrencies or for Dollars or Euros.</p><p>In terms of <strong>STEPN</strong>, to <a href="https://www.builder.news/project-review/indepth-stepn-guide-5-minutes-to-know-movetoearn-model-LFgCP-A5Dmr-csXiY" alt="In-depth STEPN Guide: 5 minutes to know “move-to-earn” model" title="In-depth STEPN Guide: 5 minutes to know “move-to-earn” model" target="_blank" rel="" class="">"move-to-earn" with STEPN</a>, you need to purchase at least one NFT (sneaker). When you own a shoe, you can start to move and earn GST tokens that have a real value and can be traded for other currencies. However, how much does the sneaker cost? The floor price of an NFT sneaker is about 13 SOL, which is equivalent to 1,100 dollars. In other words, you need to invest at least 1,100 dollars before starting to move and earn with STEPN.</p><h3>Criteria #2: Move-to-earn scheme</h3><p>With Sweatcoin, you don’t need to spend anything, but you have no idea whether the sweatcoin token that you are earning will ever be worth anything. In other words, there is no investment and no guarantee of profit. In contrast, a 13 SOL investment in STEPN will provide a sneaker, which you will use to move and earn 2 energy per day. With a runner sneaker, you can expect to earn between 8 and 10 GST per run. When exchanged in dollars, this price equals about $40 to $50.</p><h3>Criteria #3: Users’ location check</h3><p>The typical difference between Sweatcoin and STEPN is the requirement to access GPS location. While STEPN requires access to your phone's step counter as well as your GPS location, Sweatcoin does not need that. It requires access to your phone's step-counter and will run in the background at all times.</p><h2>Sweatcoin social channels</h2><ul><li><p>Website:&nbsp;<a href="https://sweatco.in/" target="_blank" rel="nofollow" class="">https://sweatco.in/</a></p></li><li><p>Discord:&nbsp;<a href="https://discord.gg/sweateconomy" target="_blank" rel="nofollow" class="">https://discord.gg/sweateconomy</a></p></li><li><p>Facebook:&nbsp;<a href="https://www.facebook.com/sweatcoin" target="_blank" rel="nofollow" class="">https://www.facebook.com/sweatcoin</a></p></li><li><p>Instagram:&nbsp;<a href="https://www.instagram.com/sweatcoin/" target="_blank" rel="nofollow" class="">https://www.instagram.com/sweatcoin/</a></p></li><li><p>Reddit:&nbsp;<a href="https://www.reddit.com/r/Sweateconomy/" target="_blank" rel="nofollow" class="">https://www.reddit.com/r/Sweateconomy/</a></p></li><li><p>Telegram:&nbsp;<a href="https://t.me/sweateconomy" target="_blank" rel="nofollow" class="">https://t.me/sweateconomy</a></p></li><li><p>Twitter:&nbsp;<a href="https://twitter.com/sweatcoin" target="_blank" rel="nofollow" class="">https://twitter.com/sweatcoin</a></p></li></ul><div class="pr-block-special"><strong>Disclaimer:</strong><br>This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

Sweatcoin review will provide insights on how sweatcoin works, tokenomics, how to cash out in sweatcoin, and more!

Sweatcoin Review: Make money from walking steps