IS Magazine Blog

Getting Fit And Rich With Sweatcoin

Jan 18 2018


Would you like to work out and earn some coin at the same time? If so, you will be interested to learn about Sweatcoin, one of the newest crypto-currencies to hit the market.

This exciting new startup has already accumulated over five million users in the past year alone and increased its revenue by more than 250% in the last quarter of 2017. The Sweatcoin app has more two million users weekly, making it one of the fastest growing fitness apps available.

Users can download the Sweatcoin app and then connect it to their health and fitness data contained in their smartphone. The app tracks the number of steps you take each day and rewards the user with coins. Users can earn 0.95 sweatcoins for every 1,000 steps taken, which can be traded for fitness gear, gym classes, gift cards and other offers.

Sweatcoin has now raised more than $5 million in seed money from a number of investors, including Goodwater Capital, Greylock and SmartHub. The startup's founders have stated that they intend to use this funding to expand their market beyond the U.S. and U.K. to other English-speaking countries in Europe and Asia. Their intention is to make Sweatcoin a major crypto-currency for the future.

You Earn 'Sweatcoin' Just By Working Out | CNBC