RE: 🤑🤑They pay you to walk (SWEATCOIN) 🤑🤑

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🤑🤑They pay you to walk (SWEATCOIN) 🤑🤑

in hive-175254 •  2 years ago 

hi @culebro

How can they pay for walking? It doesn't make sense. In that case ... who would be buying those tokens? where demand would be coming from?

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Meh it is an older project for years now. But the idea was eventually if they can get the kinks out, governments would also fund this as more walking>>better health>>less healthcare costs>>saving the gov money/time.
They went quiet for couple of years then came back alive with new people/new investors. Maybe it work out this time? Idk though

The app have more than a year on existence, but recently the coin have been added to some markets, I have personaly traded the tokens into USDT

Thanks for being so responsive @culebro

I understand what you're saying. But if they pay tokens for walking then my question is: what brings value to that token?

After all, in order for you to be able to sell it - there must be a buyer. And if there is no demand that could match supply then price usually is dropping very fast.

That is kind of confusing to me.

Well that question can be asked with 2 more

1 , Who are the investors of Sweatcoin?

Investors of Sweatcoin include NEAR Protocol, Bjorn Wagner, Vinny Lingham, Electric Capital, Sandeep Nailwal and 12 more.

And 2 How much did Sweatcoin raise to back up their coin?

Sweatcoin have raised a total of $19.7M.