Sweatcoin: Turn your steps into real money with "exercise mining".

FloorPriceNightmare · 2025-11-22T19:37:05+00:00

Sweatcoin is an app that allows users to earn Tokens through their steps, with 120 million users worldwide. Although its environmentally friendly and low-threshold design has attracted a large number of users, the issue of supply expansion has emerged as the step exchange rate has dropped. Despite the team's active collaboration with multiple brands and a mature ecological layout, long-term supply pressure and the risk of user attrition need to be monitored. This tool is educational for fitness users, but investors need to consider the risks and future development potential.

FloorPriceNightmare

2025-11-22 19:37:05

Abstract generation in progress

Recently, Sweatcoin has become extremely popular in the crypto world. Simply put, this is an app that allows you to earn coins while walking — you can exchange 0.95 Sweatcoin for every 1000 steps, and once you accumulate enough, you can convert it into SWEAT Token. It sounds a bit magical, but the data speaks for itself: as of May 2024, there are already 120 million users globally, and a total of 50 billion SWEAT Tokens have been generated.

Why is Sweatcoin so different?

Unlike traditional mining (which relies on computing power), Sweatcoin has changed to relying on steps. This means:

No threshold (completely free download)
Zero pollution (no electricity consumption, environmentally friendly)
Low threshold (as long as you can walk, you can earn)

But this also brings problems: supply inflation. Initially, it took 1000 steps to exchange for 1 SWEAT, but it has now changed to 3623 steps for 1 SWEAT, and this ratio will continue to deteriorate by 2028. This is why STEPN, although requiring users to pay for NFT shoes, has higher activity than Sweatcoin – paid users tend to have stronger stickiness.

What is interesting about the data side?

The design of the mining rate decay is very sophisticated:

Year 1: 1000 steps → 1 SWEAT
Year 2: 1000 steps → 0.33 SWEAT
Year 5: 1000 steps → 0.02 SWEAT

There is also a daily limit of 5 coins (which can be increased through locking) and a 5% transaction fee. Although this inflation control looks good, in the long run, when the growth rate of new users slows down, whether the value of the token can hold up is a question.

How is the ecological layout?

Already partnered with over 600 brands (including Apple, Audible, TIDAL), and also supports direct donations to charitable organizations. Gradually expanding into the NFT market and diversifying types of activities (potentially adding cycling and swimming in the future), with plans to transition towards a DAO. Judging by the quality of partnerships, this team is indeed working seriously.

What about investors?

In the short term, this is an educational tool — allowing fitness novices to smoothly enter Web3. In the long term, risks are obvious:

Continuous release of supply, significant price pressure.
The core difference with STEPN is “free”, but free means lower user costs and higher risk of churn.
Continuous innovation is needed to maintain popularity.

The flip side of the coin: If a bridge between fitness and the crypto world is truly established, the commercial space with a user base of 120 million is actually quite large. The key now is to see if they can maintain the value of the token while continuing to attract new users.

Has anyone played it? Do you think it's worth getting in now?

SWEAT-3,14%

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