Recently, Move & Earn type game has been gaining momentum in the BCG (Blockchain Game) community. Various games have appeared, but this time I will explain about “sweatcoin“.
As a representative Move & Earn type game, a game called “STEPN,” in which players walk and run to earn tokens, is gaining momentum. This game is played after purchasing special shoes, but the price of shoes used in the game has skyrocketed, and the situation where you cannot create an account without obtaining an invitation code makes it a bit of a barrier to entry for new users.
I would like to describe “STEPN” again at another time, as I am also playing as a “STEPNer”.スポンサーリンク
No initial investment required
In many BCG (Blockchain game), you will first need funds to purchase items to be used in the game. Therefore, it is important to proceed with the game while deciding in advance the specific flow up to the collection of the original funds in your mind. In addition, you must learn the rules and contents of the game before proceeding, otherwise you will not be able to achieve efficient recovery of the source funds.
On the other hand, “sweatcoin” requires no initial investment to start the game at this time. Also, the game is very simple, as all you have to do is earn steps by walking or running.
Steps earned by walking or running are converted into SWC tokens. In addition to this, SWC tokens can also be earned by viewing advertising videos, and can be set to double boost for a limited period of 20 minutes once a day to increase the efficiency of earning SWC tokens. The current conversion rate is 1 SWC per 1,000 steps, and you can use your accumulated SWC tokens to exchange them for products in the app’s marketplace or donate them to various projects.
As explained earlier, the current conversion rate for these SWC tokens is ‘1 SWC per 1,000 steps’, but it has been announced on the official blog that the amount of SWC that can be earned will gradually decrease over the next 10 years.
The reason is simple: there is no cap on the supply of SWC tokens, so the total amount is controlled to curb inflation. The image above explains that it will be ‘0.33 SWC per 1,000 steps’ in 2023 and ‘0.02 SWC per 1,000 steps’ in 2032, so it is better to start during 2022 and earn early.
In addition, you can double the number of SWC tokens by registering as a premium member. Currently, the price of this premium membership registration is discounted, so it is a good deal.
I am also registered as a premium member, and it is very effective in motivating me on a daily basis as it increases the efficiency of earning SWC tokens. Probably, this is a limited time offer to attract initial users, so I recommend that you register for premium membership at the same time when you start playing the game.
Looking forward to the future of SWC tokens
At this time, there is no price attached to the SWC tokens that can be earned in this game. This is because they are not listed on any exchange.
However, according to information from the official Twitter account, a token generation event will be held on
12 September 2022. In this event, you will get ‘1 SWC = 1 SWEAT’ and furthermore, the SWEAT is in the form of a distribution, so SWC can continue to be held as it is.
※ The token generation event took place on 14 September 2022 at 3am (CET).
Incidentally, at the moment (13 Sept 2022), it has been announced that the company will be listed on the following five exchanges.
For receiving this ‘SWEAT’, you will also need the ‘Sweat Wallet’, so it is convenient to visit the official page and download the app.
Also, please note that the corresponding chain is the “NEAR chain” when transferring “SWEAT”.
It is important to note that 90% of the total volume of SWEAT is locked and will be released in stages over the next two years, which means that 10% of the total volume earned will be awarded at 6pm on 13 September 2022.
The value of the tokens is unknown, but considering the recent increase in the value of tokens used in Move & Earn game, I can assume that the value of the tokens is high.
Incidentally, the screenshot above is a daily chart of GMT tokens used in the game “STEPN” introduced at the beginning of this article, and the price has increased by about 40 times in less than a month since it was listed on Binance. Depending on the game’s design, the price has been increase as the use case for GMT is gradually becoming clearer and clearer.
In addition, the price of the STEP tokens, which is purchased and deposited in the wallet when starting a game called “STEP,” has risen to about 8 times its highest base price since I started in early April 2022. Based on the price increase of these tokens, I can assume that I can expect a price increase when SWC tokens are listed on some exchanges in the future.
Summary of this issue
This is why I have explained “sweatcoin” in this issue. I recommend that you incorporate this type of game into your daily life not only for the motivation of simply earning tokens, but most importantly because you will gain the wealth of health by naturally developing an exercise habit. If you are interested in starting a Move & Earn type game, this is a good opportunity to get started.
Open an account with an exchange
The growth potential of “sweatcoin” as a game is accelerating, with token generation events taking place in the future, and opening an account on an exchange in advance is convenient for smooth deposits and withdrawals to your own wallet in the future.
A good exchange to recommend for trading crypto assets is “BYBIT“.
There are multiple reasons for this, but it is largely due to the following three points.
1.No transaction fees on all cash currencies. ※ Starting from Sep 6 2022, 10 AM UTC.
2.No fees for sending to other exchanges.
3.Top class server strength and high security.
As mentioned above, no transaction fees for buying, selling, sending and withdrawing money, the higher the volume of transactions, the more attractive the lower commissions become. In addition, the operability of the application is outstanding, so the point is that it can be easily operated even by beginners in particular.
It depends on what you value in terms of service, but if you want to keep fees and other costs as low as possible, “BYBIT” is an exchange that offers high performance services compared to others.
That’s all for this issue.
Thank you for reading this far.