A few years ago I decided to use an app to track how steps I took in a year as my friend joked that with how much I walk I probably walked half way across the country each year.  So I figured for fun, why not actually track it?  In trying to find an app to track my steps, one app I stumbled across was called Sweatcoin. The pitch for this app was when you walk you steps would generate coins in which you can then use them to redeem for gifts or money.  At the time, if you earned 20,000 coins you could get about $1000 US through PayPal.  That’s not bad right?  However, getting 20,000 is a goal that not many will reach.

As I used the app daily it was fun to keep track of my steps and as it turned out I literally walked across the country each year.  Last year I walked over 8 million steps as an example.  While I earned a lot of coins, I never actually redeemed any as they took away items such as the $1000 PayPal rewards and the other items didn’t seem worth it.  But I kept walking and keeping the coins for fun.

Fast forward to recent times and I heard that Sweatcoin was going to introduce its own cryptocurrency and you could use your Sweatcoin balance to get crypto.  At first I thought this was a scam of sort such as those e-mails that claim you can get bitcoin by giving them money.  But this is real it seems as apparently it has always been an ambition of the company to get into Cryptocurrency.

So today was the official launch and for this Token Generation Event (TGE) they mentioned that for this one launch day everyone who opts into this new Sweat Economy can get one Sweat, which is the crypto, for every Sweatcoin they currently have.  So my current balance of sweatcoins is 47,432 and that’s how much Sweat token I am starting with.

Currently it is mentioned that to get one Sweat token you will have to walk 1000 steps.  As time goes on it will get harder such as maybe requiring 5000 steps to get one coin.  It reminds me of other Cryptocurrencies where it gets harder to mint one coin as time goes on.

I have no idea what to expect but for now I will keep walking as usual.  But it will be interesting to see the choices I may have with this such as should I invest these Sweat tokens to potentially gain more if it grows?  Should I just sell it for money or redeem I for prizes?  I don’t know.  It’s a good thing to document though I thought since this feels like a genuine move to earn income type of option for everyone.