This one is too hype and I think this was easier to use compared to what introduce by STEPN wherein you'll just use the app for lifestyle. The thing is people want to use an easy one so I don't think the hype will end that easy, they have tokenomics behind the SWEAT token which is interesting too. We may never know what might future holds but one thing is for sure, they are killing it in the present.
Hmmm
let's see how it Last
what did you guys see about sweatcoin hype
will this last forever?
Many people are mining many tokens through Sweat Coin app, they are already listed in some good exchanges have mined Sweat Coin through the app for the past few years will be able to sell them now Who mine token via app those token unlock over 24 months. Now already huge grow already up from listing price to 900%+ Huge potential this project
the problem is that, they are not allowing people to send to an exchange
what did you guys see about sweatcoin hype
will this last forever?
This question of yours doesn't make sense, nothing last forever if you must know. Sweatcoin is a project that is yet to enter any exchange, you can only earn some by using the app, the app looks 80% ready with constant updates from the team, there is a mini store where you can spend your earned sweatcoin on items.
there is nothing much to say about the project except you can earn free sweatcoin now if you put in some effort. and as for last forever, I really doubt you understand what you ask.
I don't understand why someone will even think of lasting forever, I believe just today the new update for the sweat wallet now allows for staking and earning additional rewards like Gift cards, prize draws including FIFA World Cup tickets, custom NFTs and all these depends on the Number of SWEAT you have to qualify plus up to a 12% of the total sweat you have staked. I think just like many other projects, take advantage of being an early adopter, take your profit, and keep moving.
this is interesting
Sweatcoin is an app that converts your footsteps into digital coins, which you can use to earn extra cash.
Sweatcoin developers have plans to make Sweatcoin a cryptocurrency that can be exchanged for other digital currencies such as Bitcoin.
There is no guarantee that Sweatcoin will last forever.
Ok thanks for the quick explanation, it is a very good idea, it might be unique but if people are not going to used this app then it won't survived in the long run.
But let's wait if they wtill make it a official crypto and who knows, maybe the hype will be sustainable. However, I will still be cautious with this hype. We are still in the bear market and investors are still reluctant to put their money on any projects, just saying.
It means it's not a recipe for a success, even if the project is unique if there will be no consensus support, it will fail miserably. Or it could be the latest hype, so might enjoy some success early, but what happens if the hype have subsided and investors withdraw their funds and move it to somewhere else? So yes, will be cautious on this one until it is proven that the project can be sustainable and devs are very much active and there is a support from crypto community.
i guess, that will be a big problem for them, if investors does
I've been using Sweatcoin since 2019 (but not much on 2020 due to various lockdowns) since I am walking a lot almost everyday. At first, I just simply use that app to walk until I get to the $400 threshold where I can convert my Sweat Coins to Paypal and also buying stuff using them as a discount.
The question now is, "Did you withdraw the $400 that you got from walking?". For sure many including me is curious about it.
I tried to use it way back 2018 I think or 2019 IIRC but didn't continue to use it for some reasons. With regards to the OP, nothing is forever in crypto. Today you might see it booming but tomorrow you might see them running alongside the money that they got. Sweatcoin has been there for quite some time and yet, I don't see anybody talking about it until now. Well, it's kind of hyped right now and maybe I might try to use it as long as there is no KYC on it
.
Hype doesn't last long and obviously not forever. There are many projects that have been hyped but only few of them survived. When StepN got hyped, some people linked Sweatcoin into it since they are the same where you can earn by walking or jogging.
exactly my point
they don't allow people that walk for months, to able to transfer to exchange, and you can only transfer just 10%
Hype is not forever but the project looks interesting considering its current trend.
You can ride the hype right now while the price is still cheap and while the price is still pumping because for sure if there's no development anymore with this project that is the time for its price to dump and many investors will leave this project right away. After reaching the peak today, now it's on down again so be careful with this volatility, this could be manipluated by the whales with a help of the hype.
Let's see, "cheap"?
* We don't know the valuation. Quick look at tokenomics and i can't make sense of the marketcap.
* We can't ask on their telegram channel as they have currently closed it for messaging which is a red flag
* We don't know the original investor price,
* Max supply is unlimited (with increasing difficulty), which isn't bad but still as i don't have a clue even about the circulating supply, it makes difficult to count anything.
This could be hyped for a while sure, but i am sensing that movement will easy to hack and real "miners" will be discouraged when some people are making money without moving at all. But without marketcap it's really hard to tell if this is has potential to go up and how much.
Also, we don't have a clue if they are selling the tracking data to third party.
I don't even know the reason why, they are looking the group, no guide, nothing nothing,
sincerely, that's a red flag as you said
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