Sweatcoin
Sweatcoin was created with the mission to motivate people to be more physically active and fight the obesity problem that costs the global economy billions of dollars in direct costs every year.
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About Us
Sweatcoin was created with the goal of making the world more active! We have created a digital currency rewarding physical activity in its simplest form -- steps. Steps are verified to avoid cheating and converted into Sweatcoins by a proprietary algorithm and a mobile app. Users can then spend Sweatcoins on products provided by more than 300 vendors accepting Sweatcoin as a means of payment.
The vision for Sweatcoin is to become a global, nation-state independent currency to facilitate value exchange between users (including user-to-user) and vendors and make a massive social impact along the way. Since Dec '16, Sweatcoin has acquired more than 30m registered users with zero direct marketing spend,7.5 m monthy active users and 1.2m Sweatcoin transactions processed in March ’19 alone. The business is revenue generating with a healthy upward trend.
It’s been top of the overall AppStore in the US, UK, Germany, Canada, Australia and the Netherlands, ahead of Nike, Fitbit, Strava and many more. But most importantly, it delivers on its mission to make people more physically active: even after 6 months from install it drives a sustainable + 19% uplift in physical activity.
SweatCo Ltd, the company behind the Sweatcoin currency, has successfully raised almost £6m in venture capital funding. The most recent £5.7m round, closed in December 2017, has been led by Goodwater Capital, a consumer technology focused Silicon Valley VC firm. Greylock Partners, Justin Kan, founder of Twitch and Justin.tv and Rain Lohmus, founder of LHV Bank, also participated in the round.
Sweatcoin (https://sweatco.in) has been covered by The New York Times, CBS, Forbes, Fortune, Reuters, Huffington Post, Daily Mail and many others.
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