AI Trading

Sweatcoin is a blockchain-based app that offers users a chance to earn crypto by simply participating in physical activities such as running or walking. By rewarding people who exercise, the team behind Sweatcoin hopes to encourage healthy lifestyles. This guide seeks to explore the app’s features and how it works.

What is Sweatcoin?

Sweatcoin adopts the move-to-earn concept to reward users with its native token, SWEAT, after attaining a certain number of steps. This token can be swapped for a range of prizes. Users can also use SWEAT to buy goods and services on the in-app marketplace.

Sweatcoin launched in 2014 but gained popularity in 2021 when play-to-earn games were also booming. As of May 2023, the app boasts about 100 million users.

AI Trading

Sweatcoin Founders

Sweatcoin was founded by four Russian entrepreneurs, including Egor Khmelevl, Danil Perushev, Oleg Fomenko, and Anton Derlyatka. According to Fomenko, the app came into existence after they realized that people lack the motivation to engage in physical activities. The founders believed offering rewards was the only option to keep people physically active.

Sweatcoin has over 100 employees. So far, it has raised $13.5 million in funding from various investors, including Polkadot founder Bjorn Wagner, Civic founder Vinny Linghma, Polygon founder Sandeep Nailwal, Spartan Capital, Electric Capital, Near Foundation, and GSR.

The Sweatcoin Roadmap

Last year, Sweatcoin founders released the roadmap of the project, which indicated the goals they intend to achieve by 2024. According to the document, Sweatcoin plans to launch an NFT-powered game, establish a decentralized autonomous organization (DAO), and expand SWEAT, which currently lives on Near and Ethereum, to more blockchains.

How Does Sweatcoin Work?

For every 1,000 steps, users earn one SWEAT. After accumulating several SWEAT tokens, users can exchange them for various perks like gift cards, fitness equipment, exercise classes and athletic footwear. Note that a 5% fee is incurred when swapping steps into SWEAT tokens. That becomes part of Sweatcoin’s revenue. The app also charges a fee for merchants wishing to feature on the marketplace.

Sweatcoin Features

Sweatcoin has multiple features that make it stand out from its competitors. They include:

Healthy Lifestyle

Sweatcoin uses a unique algorithm to gather data from users’ mobile phones to determine the number of steps walked within a particular timeframe. British Journal of Sports Medicine has praised the team behind the app for promoting sustainable physical exercise behavior.

Charity Campaigns

Sweatcoin hosts charitable campaigns weekly. The app sets a certain number of steps to be attained within seven days and asks interested users to join the challenge and collectively work toward reaching that target. Once the mission is achieved, Sweatcoin converts those steps into SWEAT and donates the tokens to various charities.

Privacy-Oriented App

Unlike many apps, Sweatcoin does not sell user information to other companies in order to generate profits. Therefore, users can be assured that their data won’t be leaked to third parties when they sign up with Sweatcoin.

Advantages and Disadvantages of Sweatcoin

Every app has its own pros and cons. Here are the benefits and limitations that you can expect when using Sweatcoin.


Excellent compatibility: We are in an era where almost every adult owns a smartphone. To ensure everyone is physically active, Sweatcoin has built an app that runs on both Android and iOS devices.

Free to use: Sweatcoin does not charge users for using its app, unlike many of its rivals.

User-friendly: Users need zero to little guidance to navigate the Sweatcoin app as it is well-designed and easy to use.

Referral program: Along with earning tokens through exercising, Sweatcoin rewards users who onboard their friends to the app.


Modest payouts: Do not expect to replace your day job with earnings from Sweatcoin, as the rewards are usually small.

No indoor step tracking: Sweatcoin’s activity tracker doesn’t count steps made inside users’ homes, thus necessitating outdoor exercises.

Daily earning cap: A user can only earn 10 SWEAT tokens a day. However, they can pay $5 monthly to remove the cap.

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

James Davis

By James Davis

James Davis is a prominent crypto writer and analyst at Herald Sheets, recognized for his well-researched articles and thorough analysis of the dynamic digital currency market. Holding a degree in Economics from Harvard University, James combines his academic background with a keen interest in cryptocurrency to provide readers with the latest industry insights and trends.