Sweatcoin shop8/15/2023 ![]() ![]() Just the novelty of the idea helps them gain quite the traction since this has the potential to be spread via word-of-mouth. It’s catchy and is bound to attract attention. The very prospect of earning while just walking makes it great introductory content. Nope, this is to look at the methods it uses it cleverly position itself and why it has garnered so much attention. We have no intention to predict whether Sweatcoin, as a company, will succeed or not. The company offers an easy way to earn Sweatcoins to the users in the form of daily bonus. All they have to do is to watch an advertisement and they get compounded bonus every day. Just like many other applications, Sweatcoin has incorporated Google ads in its revenue model as a secondary revenue source. Revenue From Advertisementsīesides the commission and fees from featuring partner brands, Sweatcoin also makes money through in-app advertisements. Given the limitations of Sweatcoin plans and referral strategy, the marathon offers are usually completed in 24 months, which is a great strategy to keep a user hooked to the application for long. The partnership contracts, just like Groupon, differ for different brands though. These brands pay Sweatcoin to get featured on its app. The partner-offer strategy model is similar to Groupon’s business model where the company partners with other brands to provide offers and discounts to its customers. That is, a user with sufficient (~10-50) Sweatcoins can either use them to buy daily offers, discounts, or trials from one of the partner company or can keep on collecting (~20k) Sweatcoins to buy actual products (marathon offers) like iPhone X, Samsung TV, etc. Offers on Sweatcoin can be categorized into two types: Daily (partner) offers and Marathon Offers. The actual way company actually makes money is how you use these Sweatcoins. You need to walk to earn more Sweatcoins which, in turn, will be used to upgrade to higher subscription pack. The best thing about these plans is that they cannot be bought using fiat. Trouble Maker: Yet to be announced at the time of writing this article.Breaker: Lets the user earn up to 20 Sweatcoins per day.Quaker: Lets the user earn up to 15 Sweatcoins per day.Shaker: Lets the user earn up to 10 Sweatcoins per day.Mover: Lets the user earn up to 5 Sweatcoins per day.This is a well-defined business strategy which limits the number of people who become eligible for the marathon offers which we’ll discuss in the next section. You see, Sweatcoin limits the number of coins that you can earn via the app per day and they charge you if you want to upgrade the number of coins you can earn. Spend the Sweatcoins to buy gadgets etc.5 Sweatcoins for every successful referral.This helps it spread among your circle, proving to be as a motivator to perform better as well as a method to promote their app. ![]() Sweatcoin’s business model is a one-of-a-kind business model which also incorporates competition psychology, network effect, along with discounts and referral benefits to keep the users engaged. It is neither based on blockchain nor is it traded on any crypto-exchange. However, Sweatcoin isn’t currently a cryptoasset. For every 1,000 steps you take, you’ll earn a single Sweatcoin and receive 95% of it (Sweatcoin takes 5% commission fee on all generated Sweatcoins). The digital currency works in the same way as any other blockchain-based cryptoasset where new assets are mined by performing a certain task. Sweatcoin works on a special algorithm which uses GPS, phone data, and movement sensors (accelerometer and gyroscope) to determine how much you’ve walked. Poor marketing, blind staffs, a waste of time and energy, i know is only a 5 minute a day to take a look and browsing, 5 min me, 5 min you, 5 min x 120 mil users, 10 mil hours of wasting peoples times.Once you’ve downloaded the app on your smartphone or wearable and finish the registration process, you can start walking and rack up steps. I won once $5, better than nothing, i won another $15, it was a mistake from their side, maybe there will be “more mistakes” All you have to do is to walk, yep sounds easy, you can do it without using sweatcoin aswell.Marketing affiliation, poor, sometimes is like copy paste offer, nothing affiliated. Maybe a good project or not, we never know, it sounds nice and engaging everything, lot’s of “gambling” 40k+ people gather for a $100, the odds for winning 0.002%.Before i noticed same people buying premium stuff everyday, for months, i could notice that, i don’t work there, they didn’t noticed and yet they work there or maybe they did, nobody did nothing for months.I wouldn’t trust a staff that sleeps on their desk, they may look like they are working, most of them are not, they’re actors.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |