You’ll receive 0.95 sweatcoins per 1000 steps you take this digital currency can then be switched for a range of other items including gift cards, fitness gear or other items in the marketplace app. It’s fair to say you won’t become an overnight millionaire by using Sweatcoin but if you’re committed to being active, you could steadily rack up rewards. This helps to verify the exercise you’ve taken is legitimate and you’re not trying to scam the system. Sweatcoin uses the technology already embedded in your own phone to check for consistency of movement, speed and location. Although it might sound inconvenient, it’s been deliberately set up that way as outdoor movement is far easier to check than that indoors.
This is because the app currently is only able to track the exercise you do outside. If you want to join in, you’ll have to step away from the gym and commit to exercising outdoors. From this they started considering how technology could overcome this natural human instinct and an idea was born. The business was begun by Russian entrepreneurs Anton Derlyatka and Oleg Fomenko in 2015 after they struggled to find the motivation to keep exercising.īased in London, the two founders of Sweatcoin quickly realised that the lure of instant gratification over long-term gain was at the very root of the disinclination to exercise. There’s nothing too complicated about the premise and there’s no hidden catches you really can earn monetary rewards in return for exercising. Ready to join the revolution? Before you pull on those trainers – here’s what you need to know. Sound too good to be true? Believe it – Sweatcoin has been up and running since 2016 and in the US and UK has in excess of 10 million users.
Why does Suits Me® charge for its services?ĭo you struggle to find the motivation to exercise? Well, there could be some good news heading your way with Sweatcoin, the system that gives our monetary rewards in return for exercise.
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