Sweatcoin has been growing in popularity in the past couple of months and there is no question as to why. Sweatcoin advertises as a app that will encourage you to get exercise and walk outdoors, in exchange for currency and prizes. Sound too good to be true? Well how long will it really take you to earn?
How does Sweatcoin Work?
Sweatcoin has a pretty simple algorithm. Just like your step counter app on your phone, Sweatcoin tracks your steps by tracking the GPS in your device. When you leave this application running in the background, it has the ability to keep track of your location and convert your steps into their currency “sweatcoins.”
What can you do with sweatcoins?
This app’s in-app currency – “sweatcoins”- can be used to purchase their sponsored prizes. These vary week to week from vitamins and phone cases to deals on products such as jewelry. If you have your eyes on the bigger prizes which right now include $1000 USD, an iPhone, a Samsung TV or an $1000 Delta Airlines voucher, you will have to be able to dish out 20 000 sweatcoins.
How To Earn Sweatcoins?
Earning sweatcoins is extremely easy, so long as you leave the app running in the background of your phone it will convert your outdoor steps into its currency. I have been using the Sweatcoins app since the end of January, and I currently have 165.14 sweatcoins in total.
COMPREHENSIVE Guide To earning
While the concept of the app is truly incredible, the real question is, is it worth it? Well that depends what you are trying to get out of it. Personally, I don’t really care about the small prizes, if I am using Sweatcoin, I am aiming for the $1000 prize.
But how realistic is it to get this prize. Well, lets take all the factors into play and do some math.
On the free Sweatcoin account (what they call “mover”) you can earn only up to 5 sweatcoins a day. You can upgrade to other Sweatcoin accounts by paying monthly with your sweatcoins (or with actual currency I’m assuming as well.) The highest earning Sweatcoin account available currently is the “breaker” account which allows you to earn up to 20 sweatcoins a day at a cost of 30 sweatcoins/month.
In addition to earning sweatcoins through walking outdoors, you can also earn them from Sweatcoin’s bonus program. This is a three-day earning program, the first day you earn 1 sweatcoin for watching an ad, the second day 2 and the third day 4. This means you can earn 7 bonus sweatcoins every three days.
On the free “mover” ACCOUNT
The basic formula for solving how many sweatcoins you could make in a certain period of time would be:
total sweatcoins goal = (# sweatcoins earned per day * # of days) + (Bonus sweatcoins earned per day * # of days)
You can use this equation to solve for how many days it will take you to earn any sweatcoins goal you have.
When you sign up you are automatically given the “mover” account which allows you to earn up to 5 sweatcoins a day. For this equation we will assume you actually earn those full 5 sweatcoins every day (which would be just over 5000 steps of outdoor walking a day.) Then you have to factor in the bonus sweatcoins, assuming you get the full 7 sweatcoins every three days. We will make our variable (y) the possible number of days and the total sweatcoins earned our goal of 20 000 (for the bigger prizes. Our equation would be:
That now makes our equation for the “mover” account: 20 000= 5y + (7/3)y
To solve for y you would have 20 000=(22/3)y and then 20 000/(22/3)=y which would give you your final answer of y=2727.27. It will take you around 2727 days on the free account to make $1000. This is equivalent to around 7 and a half years.
On the “breaker” (highest earning) account
On the highest earning account you can earn up to 20 sweatcoins a day. That being said there will be a 30 sweatcoin a month fee we will have to factor into our eqation.
Let’s take our same equation: total sweatcoins goal = (# sweatcoins earned per day * # of days) + (Bonus sweatcoins earned per day * # of days) and factor in the 30 sweatcoin monthly charge. Assuming every month has 30 days, this charge essentially comes out to 1 sweatcoin a day that you will lose. Our equation can now look like this:
total sweatcoins goal = (# sweatcoins earned per day * # of days) + (Bonus sweatcoins earned per day * # of days) – (sweatcoin charge / day * # of days)
To fill in the equation: 20 000 = 20y + (7/3)y – y
To solve: 20 000 = (64/3)y. To solve for the number of days it will take to earn your goal amount: 20 000/(64/3)=y so y=952.380952381. It will take around 952 days to earn 20 000 sweatcoins. This is equivalent to just over 2 and a half years.
Now this is assuming you are remembering to watch the ads to earn the bonus every day and walking a little over 20 000 steps outdoors a day.
Is it worth it?
If your goal is to make money, don’t wait on Sweatcoin. To earn money or bigger prizes it will take 2 and a half years assuming you are using it to its full possibilities every single day. That being said, I will keep this app on my phone and continue to naturally enjoy walking until maybe 3 or 4 years down the line, I can finally cash in my $1000.
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