Sweatcoin is a an app that pays you to walk and like most such apps is (with one exception, Young Step) - or rather it used to be - a bit useless. No offence. The key part of what I said is the use of the verb 'to be'. As in, it used to be but it no longer is.
It's quite simple: you can earn Sweatcoins by walking and by watching up to three sponsored videos every day, but the problem is Sweatcoin is not a crypto, it's just a token that you can only use internally to redeem for goods and services that you mostly don't really need.
I'm talking about 50% off terrible watches, or 100% off items that aren't worth the shipping costs (that you still need to pay), or digital services such discount vouchers for 1, 2, 3, XYZ free months with this or that app. None of that was particularly useful, or captivating.
But that was then and this is now, because Sweatcoin has officially partnered up with NEAR protocol to provide an actual, legit crypto wallet, in which you will be able to store SWEAT, an actual cryptocurrency (probably a token, but they haven't confirmed that yet).
This is big news. And good news. If you're already using the app all you have to do is wait, your Sweatcoins will be automatically converted to SWEAT with a 1:1 ratio and you'll be able to download the wallet, which is going to be available in the Summer.
If you're not using Sweatcoin, now's a good time to start and dip your toes in it before the launch.
I've crossposted this article on my blog Bitcoinea and Publish0x
