Sweatcoin: The Secret to Earning Crypto by Walking—How to Play the Hottest Move-to-Earn in 2024

Recently, a lot of people have been recommending Sweatcoin—a mobile app that turns your daily steps into real money. But can you actually make money with it, or is it just another crypto scam? Let’s dig in.

The core logic is simple: Walking = Mining

Traditional mining burns electricity with GPUs, but Sweatcoin flips the script—your legs replace the CPU.

The app uses GPS and phone sensors to track your steps. Every 1,000 steps earn you 0.95 Sweatcoins, which you can accumulate and exchange for cash or goods. Sounds great, right?

But here’s the catch: Sweatcoin recently launched the SWEAT token (its on-chain version). In other words, the “coins” you earn by walking are no longer just in-app points, but real cryptocurrency that you can store in a wallet, trade on exchanges, or use in DeFi.

What do the numbers look like?

According to official data (as of May 2024):

• 120+ million global users, collectively producing over 5 billion SWEAT tokens
• Daily earning cap: 5 SWEAT/day (can be increased by staking)
• Conversion rate is changing: Currently, you need 3,623 steps to mine 1 SWEAT, and it will get harder over time

Why does the difficulty increase? To control inflation. By design, in year one you earn 1 SWEAT per 1,000 steps, year two drops to 0.33, and by year five it’s only 0.02. A classic deflationary model.

The app also takes a 5% fee—labeled as “operational costs.”

Compared to STEPN: Which model is better?

Both are move-to-earn favorites, but what’s different between STEPN and Sweatcoin?

Which one actually makes money? STEPN’s design is more pro, but requires upfront investment; Sweatcoin is truly zero-barrier, perfect for newbies wanting to experience crypto without spending money.

What can you do with your coins?

1. In-app purchases

You can buy sports gear, electronics, Audible memberships, Apple services, etc. Partner brands include Headspace, TIDAL, Yoga Club, and 600+ others. You can also donate to charities like Save the Children and Cancer Research UK.

2. On-chain operations

• Trading: SWEAT is listed on exchanges and can be sold for fiat
• Staking: Lock tokens to earn rewards and break through the daily earning cap
• Future NFT games: The team is planning an NFT marketplace, so there’s lots of potential

3. Unlocking diverse activities

Sweatcoin plans to support cycling, swimming, etc., but for now it’s mainly walking. In the future, it could be a full-spectrum fitness token.

How about security?

That’s always a key question. Sweatcoin’s safeguards include:

✓ Data anonymization—your location data won’t be sold to advertisers

✓ Two-layer verification algorithm—prevents cheaters from using scripts, ensures real activity

✓ 2FA support—adds an extra layer of account security

✓ Minimal personal info required—just email and phone number

Of course, any on-chain operation carries risk. If your wallet private key is hacked, all the security in the world won’t help. Be prepared to DYOR (do your own research).

What about investment prospects?

The official story sounds great, but what’s the reality?

Reasons to be optimistic:

• Huge user base (120 million), solid foundation
• Lots of partner brands, growing ecosystem
• Expanding into NFT games, DAO governance, etc.—lots of possibilities
• Real demand for fitness, not just hype

Concerns:

• Massive SWEAT token supply, high inflation risk
• As difficulty increases, newcomers may struggle to earn efficiently
• Like STEPN, the project needs to continually engage users or it could fade
• Token value depends on the secondary market; easy for whales to manipulate

Data shows the trend

At first, 1,000 steps = 1 SWEAT; now, 1,000 steps = 0.276 SWEAT. The trend is clear—early adopters had a big advantage, and the value for new users is dropping.

How to get started? Three steps

1. Download the app → Search Sweatcoin on Google Play or App Store
2. Register an account → Use email/Google/phone; grant location and fitness permissions
3. Connect devices → Sync with Apple Health or Google Fit, connect Fitbit/Apple Watch, etc.

Quick start tips

• Set a high daily goal: You need at least 10,000 steps to earn decent rewards
• Use Daily Boost: 20 minutes of double rewards, once per day
• Join challenges: Earn extra Sweatcoin
• Invite friends: Get referral rewards
• Log in daily: Don’t break your streak

Underlying logic summary

Sweatcoin’s core draw is summed up in two words: no risk. You don’t spend money, just walk more and earn some crypto on the side. For beginners, it’s the gentlest entry to the space.

But don’t let the word “profit” cloud your judgment—this is more of a “health incentive” bonus. If you want to make serious money, you’ll need the team to keep innovating, the token to hold value, and users not to leave.

Since moving on-chain in 2022, SWEAT has had its ups and downs. Whether joining now is a bargain or a bad bet depends on your faith in the project team.

Core advice: Treat it as a fitness assistant, not a money tree. Consider any coins you earn as a bonus, not income. That way, you’ll keep a healthy mindset and be less likely to get burned.