Many people, including app developers, are enthusiastic about the possibility of making money just by remaining active. Since its first introduction, the Move-to-Earn concept has gained popularity and is currently the foundation of other useful apps, including Sweatcoin.
Using GPS, NFTs, blockchain, cryptocurrency, and gaming technologies to track user movement and reward them, the Move-to-Earn crypto-economic model intends to keep people physically healthy.
A cryptocurrency exchange is an ideal place to go if you want to purchase SWEAT tokens, the native token of Sweatcoins. Since there are countless crypto marketplaces to pick from, we have analyzed and ranked some of the best ones here.
Defining Sweatcoin and Sweat Economy
But first, let’s define Sweatcoin before moving on to the list of exchanges.
Sweatcoin is a free smartphone app that wants to make the world a healthier place by rewarding people with SWEAT tokens for every thousand steps they take. The majority of these steps should be taken when people are exercising or performing an equivalent activity.
Sweatcoin was created by Derlyatka and his team to incentivize people to focus more on their physical well-being, address issues with their health like obesity, and benefit from physical activity.
Where to Buy Sweatcoin
You may be able to purchase SWEAT in several ways on some platforms.
One of the oldest and most well-known cryptocurrency exchanges in the world is KuCoin. One of the most recognizable brands in the industry for traders who want access to derivatives products to speculate in the market is the broker with headquarters in the Seychelles.
KuCoin, a Seychelles-based company, lacks an American operating permit. However, foreign investors can use the broker to purchase coins. The exchange offers a full range of functions, such as savings and staking, and now supports over 200 cryptocurrencies and 400 trading pairs including SWEATUSDT or ETH BTC.
Bitfinex is owned and operated by iFinex Inc., a financial services firm based in Hong Kong. Tether Limited, the company behind the USDT stablecoin, is also controlled by iFinex Inc. The exchange has one of the most liquid order books on the market, making it easy for consumers to buy and sell cryptocurrency.
Similar to many other reputable brokers, Bitfinex provides a flexible platform for anyone wanting to get into the cryptocurrency market. To increase their gains, investors can stake, purchase, and sell cryptocurrencies. They can even lend their coins.
A cryptocurrency trading platform called Gate.io seeks to give its users an alternative to the exchanges that now rule the market.
By providing customers with hassle-free access to several difficult-to-locate coins and emerging projects, the website, which has been running since 2017, hopes to take a piece of the cryptocurrency trading market.
How to Buy SWEAT in KuCoin
Here is an overview of the process for trading Sweatcoin on KuCoin.
To get started with KuCoin, you can download the trading app for smartphones from the Apple or Google Play stores. Open the app, register, and sign in.
Next, add funds to your KuCoin USDT wallet and choose the SWEAT/USDT trading pair.
Finally, choose the Buy option, then input your selected Limit or Market buy order. Once the USDT amount is filled, click the buy button. SWEAT will be automatically credited to your SWEAT KuCoin wallet after you confirm the transaction.
Sweatcoin: Is it a Smart Investment?
A concept called Sweatcoin offers rewards for working out. Users are more productive and help cut billions of dollars from healthcare costs. Additionally, health advocates can use the site to generate passive revenue while going about their daily business.
As part of their regular activities, many people frequently walk long distances. Fortunately, the introduction of “Move to Earn” has given them the chance to utilize all that physical activity for something fun and useful.
Sweatcoin prioritizes the security of the user data it collects. In order to increase motivation for users to work out or move around, the company plans to create a platform that will let people profit from their own data.
Staking Sweat tokens is another way for users to interact and gain from the website. Users who invest more can access better perks and improved app experiences, such as decreased transaction fees, premium services, and expanded daily SWEAT minting limitations.
Sweatcoin has achieved outstanding success. The platform has more than 100 million users and is currently the most widely used exercise app worldwide. As the next phase of its cryptocurrency journey gets underway, Sweatcoin is confident. It has had time to hone its economic model as well. Read About How to Make Smart NFT Investments
For newcomers to the cryptocurrency market, combining short-term trading and long-term investing is a good strategy. Whichever strategy you decide on, it’s critical to stay current with Sweat Economy news and analysis.
Sweatcoin may turn out to be a highly successful endeavor in the future thanks to the years of work put into it and its aim to use cryptocurrency. However, the popularity of move-to-earn platforms is the most significant of these.