Sweatcoin is a currency backed by physical movement.
People are moving less and less, which leads to a number of health-related problems, including obesity, a $2Tn problem worldwide. This happens due to a behavioural bug called Present Bias – the human tendency to underestimate things that happen in distant future. Existing solutions, such as promotion of healthy lifestyle or activity tracking, fail to address this major behavioural/motivational issue.
Sweatcoin converts verified movement (steps for now) into currency that users can donate to charity, spend on products, services & experiences provided by our vendors, or transfer to other members of user community. This gives users instant gratification and tackles Present Bias by moving the future benefits of exercise into the present moment.