How do we start?
To achieve new and transformative results, we need a foundation, like a roof over our heads.
Starting a successful business is fueled by a few simple ingredients: passion, energy, determination and… money! So at the beginning of our journey we received money from investors. This helped us create our first version of the app and release it in 2016.
Last year we received another round of funding from investors who believed in our mission and the potential of Sweatcoin. What do they get out of it? They own a piece of the company and (hopefully) get a return on their investment.
Sure, but how do you make money?
Simple. Our business partners pay us to do well in our market. Why? Because they want to be with people like you. We choose products, products and experiences with you in mind that we think you will enjoy.
Is there anything else?
We’re not the only ones who believe your steps are worth it. We have already worked with insurance companies and local governments. Health is big business and not cheap. Insurance companies and the government spend billions of dollars annually on medical bills and payments, and a lack of physical activity is a major factor in increasing a person’s risk. In Britain alone, physical inactivity costs the country £7.4 billion every year. Because Sweatcoin has been proven to increase physical activity, insurers and governments are happy to work with us and reward healthy behavior, just like us!
But why is there a 5% commission?
When we pay for friend invites and other bonuses, this money comes from the Sweatcoin bank. Unfortunately, sweatcoins don’t grow on virtual trees and we can’t do magic to them or “print” some of them – they get them through physical movement and that’s it. Yes, you heard right: not a single sweatcoin in nature came out of thin air. They all originated sometime in the past during one of your travels. By sharing a 5% commission with us on every sweatcoin generated, we can give back more: to you and everyone in the Sweatcoin community.
(1)
Choose between free and premium plans depending on your needs. Sweatcoin’s free tier limits your earnings to 10 sweatcoins (approximately 1052 steps) per day.[1] With premium registration you earn double sweatcoins for the same number of steps, plus 100 sweatcoins per day. Premium members also have access to special cards and are available in stores.
Sweatcoin has discontinued the previous membership process, which was once used to determine how many sweatcoins each member received. There are currently only two types of subscriptions: free and premium.
(2)
Don’t forget to keep your phone with you. Sweatcoin only counted steps when you were outside, but now the app also tracks steps indoors. Keeping your phone in your pocket (or wearing your Apple Watch) while you clean, cook, or even walk can make you more money than you think.
Sweatcoin tracks your steps as long as it runs in the background.You don’t need to open the app on the screen. Just make sure you don’t force close the app.
(3)
Complete a daily bonus three times a day. If you want to watch our ads every day, you can earn more sweatcoins.[3] Go to the Sweatcoin homepage, scroll down to “Daily Bonuses” and click Try My Luck to claim all the bonuses.
Bonuses can reach up to 1000 sweatcoins per post, but this does not happen. According to the Sweatcoin subreddit on Reddit, most people get between 0.9 and 2 per game, while most people’s bonuses are between 20 and 100 sweatcoins. A lot of people have made 50, but if someone has made more, they don’t talk about it on Reddit.
(4)
Participate in the competition. When you compete against others in Sweatcoin, you can earn sweatcoins in addition to the sweatcoins you have already earned. Simply tap the race icon (two people overlapping) at the bottom of the screen and select the race under “Sweatcoin Race”. There is no limit to the number of competitions you can enter and you are not obligated to win: just achieve the objectives of the competitions you have entered and keep the money you earn.
Check out this free app_It pays to walk
(5)
Invite friends to join. Sweatcoin is more fun with friends. But on top of that, you’ll receive 5 sweatcoins for every friend who signs up through your referral link. To send a friend an invite with your referral link, simply open the Sweatcoin social section, select Find & Invite Friends and choose the person you want to invite.
(6)
Become a Sweatcoin influencer. Sweatcoin influencers can earn unlimited PayPal vouchers, as well as other rewards, simply by referring people to Sweatcoin. Your Sweatcoin status will automatically change to Influencer after you send 30 new Sweatcoin members.
Conclusion
So that’s it! It has been proven how Sweatcoin makes money. And it’s not about dark magic or the entertainment world. It just makes good old-fashioned sense. However, it is enough to make money. Time to make some sweatcoins.