Sweatcoin, the crypto that makes you money by walking around – The Cryptonomist

Sweatcoin, the crypto that makes you money by walking around – The Cryptonomist

Blockchain Crypto Market Technology
October 25, 2022 by Coinvasity
17
Cardano news: ADA would be undervaluedBruno Cerasi: interview with NFT artist in The Nemesis metaverseCardano NFT Column: Wolves of Rome #02Cardano SPO Column: SWAG [SWAG]The tax treatment of crypto mining according to the Italian Internal Revenue ServiceDeFi and the MiCA: another missed opportunityThe ranking of countries with the most stringent crypto regulationsThe European Council approves
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Cardano news: ADA would be undervalued
Bruno Cerasi: interview with NFT artist in The Nemesis metaverse
Cardano NFT Column: Wolves of Rome #02
Cardano SPO Column: SWAG [SWAG]
The tax treatment of crypto mining according to the Italian Internal Revenue Service
DeFi and the MiCA: another missed opportunity
The ranking of countries with the most stringent crypto regulations
The European Council approves MiCA regulation for the crypto market
UEFA football crypto fund: a multi-million euro scam
Ledger wants to go beyond cryptocurrency wallets
KYC accounts: never so trustworthy but involved in scams
UN: “monitoring the use of cryptography can make the Internet safer”
Blockbali 2022 Blockchain & Crypto Conference 25th Nov, Bali
The 22nd Edition of World Blockchain Summit in Dubai
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Press Release Enter The Metaverse/Blockchain Gaming.
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Cardano NFT Column: Wolves of Rome #02
The Nemesis: the first episode of the talk show in the metaverse with NFT artist Bruno Cerasi
Poseidon DAO presents Andrea Chiampo and Raphaël Lacoste
Bitcoin’s Lightning Network: what is it and how does it work?
Analysis of the prices of Monero, Shiba Inu, Dogecoin and CRO
Lugano’s Plan ₿ Forum: Casino Lugano launches a format dedicated to the world of Bitcoin and Tether
Sweatcoin, the crypto that makes you money by walking around
Bitcoin’s Lightning Network: what is it and how does it work?
Beware of Wrapped Bitcoins
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Bitcoin: Fineco Bank allows green investments
Ethereum’s value fluctuates despite Fidelity news
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Ethereum PoS: the SEC wants to enforce Know Your Customer on staking
Fidelity Investments Canada: more than $5 million for the Ethereum Index Fund
The tax treatment of crypto mining according to the Italian Internal Revenue Service
New all-time high for Bitcoin hashrate
Russia will provide electricity to Kazakhstan for Bitcoin mining
Russia wants to legalize crypto mining
Tether coin available in 24,000 ATMs in Brazil
USDT rises again, while USDC loses ground
Tether increases reserves in Treasury bills
Fed: it is necessary to regulate DeFi and stablecoins
Bitcoin value analysis and how the Ethereum price is performing
Bitcoin (19k), Ethereum (1.3k), Matic Price Analyses
How to use Bollinger Bands to buy and sell Bitcoin
Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH) Crypto Forecast
Bitcoin (19.1k), Ethereum (1.2k), Cardano Price Analyses
The CEO of Binance says the future will be DeFi
FBI warns cryptocurrency investors about DeFi vulnerabilities
​​MakerDAO signs $100 million DAI loan with Huntingdon Valley Bank
DeFi: industry figures drop again
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The new edition of CADAF ART FAIR is coming to New York
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Crypto Royale: the future of free-to-play crypto or yet another scam?
Alessandro Gianni: the artist enters the world of crypto art and NFTs
World Super League: the new soccer game on the blockchain
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Polygon welcomes GameSwift (formerly StarTerra) to launch Web3 games
Blockchain is at the service of gaming
The Nemesis brings Lucca Comics & Games in the metaverse
The Cryptonomist and The Nemesis launch a new project and create the first talk show in the metaverse
Sports Fashion Industry is breaking all standards by creating unique customer experiences in Meta
Meta launches new Quest Pro devices for Virtual and Mixed Reality
The new edition of CADAF ART FAIR is coming to New York
Crypto Royale: the future of free-to-play crypto or yet another scam?
Alessandro Gianni: the artist enters the world of crypto art and NFTs
NFT in art and beyond: the projects in vogue at the moment
Elon Musk from Tesla and SpaceX is the richest man in the world
People are wondering: did Ripple lose the lawsuit with the SEC?
The neverending story between Twitter and Elon Musk.
Amazon and Nasdaq stocks: common fates
Visa focused on cybersecurity as digital fraudsters evolve
“State of European FinTech”: health of the fintech sector
SWIFT ready to accept cross-border CBDC payments
ECB selects Amazon for the digital euro
The price of Ethereum is very low again
Cryptosmart, cryptocurrency tax problem solved by Italian exchange
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The price of Ethereum is very low again
Cryptosmart, cryptocurrency tax problem solved by Italian exchange
Binance will auto-convert the main stablecoins into BUSD
UK: new rules for cryptocurrency exchanges
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Recover a Bitcoin wallet.dat password in 2 minutes!
By George Michael Belardinelli – 24 Oct 2022
Sweatcoin is the crypto of the new Sweat Economy, the Web3 universe of the most downloaded move-to-earn app ever. 
Summary
To the cry of “Just the first step is enough to get started!”, Sweatcoin is an app that is classified in the nascent group of DTEs (Do To Earn) specifically in the Move-To-Earn domain of which are all those sports apps that allow through the measurement of physical activity to earn money.
In the specific case of Sweatcoin, the app records the steps taken in the day and against these corresponds a remuneration.
The effort made is remunerated with the eponymous digital currency that can be kept just like a real wallet, or used to purchase on a dedicated platform various items, services and experiences offered by the company’s business partners.
Underlying the business model is the concept that movement has intrinsic value on a social level-the more we move, the healthier we will be, and consequently so will the society in which we live.
The well-being of the individual becomes the common well-being (health as a result of physical activity) and for this we are rewarded through Sweatcoins.
The token, which was launched on 13 September at a price of $0.050187 has gradually dropped in value until it is around $0.01 
In the last two weeks, however, there has been a gradual recovery that has led it in the day alone to appreciate by 8.35% compared to the price of the day before in line with the trend that had already begun last week, which made it the protagonist of a +8.9%.
Progress in expressed performance will be recorded by Sweatcoin’s fitness tracker, so that we always have perception of the number of steps and physical activity performed.
Upon reaching certain goals in physical activity, Sweatcoin will allow the user to access free offers on the marketplace as well as unlock exclusive discounts and products.
The app can be used via any smartphone device (Android or iPhone) and smartwatch (currently on Apple Watch, but soon to be on Android Wear).
The function of recording steps via the app happens directly in the background making the app really green as it gives the option of not using the battery of one’s device for computing.
In addition to Move-to-earn, soon the app will also become a classic Play-to-earn where it will be possible to rank worldwide performance, have competitions and knockout tournaments, and be rewarded not only for steps taken but also for victories achieved and levels surpassed with a performance award (always in coins).
The company also values privacy and guarantees that the movements made during exercise will not be tracked in any way, and the same secrecy will be adopted for the handling of personal data of users who can sleep soundly about their identity.
The algorithm used by Sweatcoin for counting steps is specific only to the app and therefore unlike other apps that rely on external algorithms it guarantees a protection otherwise impossible to achieve.
A former corporate manager at Carifac Spa and later at Veneto Banca Scpa, blogger and Rhumière, over the years he has become passionate about philosophy and the opportunities that innovation and the media make available to us, in particular the metaverse and augmented reality
Crypto Advertising – 24 Oct 2022
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