So you’re trying to convert 1 Sweatcoin to PHP?
Perhaps you used to play Axie Infinity before the price of SLP crashed and now you’re looking for a new source of income via Sweatcoin?
Well, I’ve got great news for you, because Sweatcoin is one of the biggest fitness movements in the world and Sweatcoin has real monetary value in many parts of the world.
In this guide, you’ll learn more about the Sweatcoin to PHP (Philippines Peso) conversion rate as well as how you can potentially cash out your Sweatcoins.
Let’s dive right in!
Key Points (tl;dr)
- You can quickly get an indication of how much your Sweatcoins are worth in Philippine Peso by using our Sweatcoin to PHP conversion table below.
- Sweatcoin is essentially a step-tracker app that incentivizes walking and running by rewarding you with Sweatcoins that can then be exchanged for goods and services on their marketplace.
- Sweatcoins have monetary value due to the promotions that companies provide for the marketplace, however, there is no official price for Sweatcoin because it is not a cryptocurrency that is listed on an exchange.
- That is also why there is no direct way of cashing out your Sweatcoins, other than purchasing PayPal or Amazon gift cards on the marketplace and then either spending them or selling them to another person for money.
- There is general consensus that 1 Sweatcoin has a marketplace value of roughly 1.00 to 3.00 PHP, however, that does not mean that other people are willing to pay you that price for your Sweatcoin.
- In fact, once the Sweat Economy launches, you should expect the price to drop considerably, simply because millions of people are just waiting to cash out their Sweatcoin balances as soon as they can.
- For those who are familiar with SLP from the Axie Infinity ecosystem, this is exactly what happened over time as well.
For a detailed overview of all Sweatcoin to PHP conversion rates, PLEASE READ THE FULL ARTICLE.
Like this content? Then share it!
Sweatcoin to PHP Conversion Tablewww.tokenizedhq.com
Here’s the answer. Great article by @ChrisHeidorn from @Tokenized_HQ here: https://tokenizedhq.com/sweatcoin-to-php/
Sweatcoin to PHP Conversion Table
|Sweatcoin (SWC)||Lower Range||Upper Range|
|1 Sweatcoin||1.00 PHP||3.00 PHP|
|50 Sweatcoins||5.00 PHP||15.00 PHP|
|100 Sweatcoins||100.00 PHP||300.00 PHP|
|500 Sweatcoins||500.00 PHP||1,500.00 PHP|
|1,000 Sweatcoins||1,000.00 PHP||3,000.00 PHP|
|5,000 Sweatcoins||5,000.00 PHP||15,000.00 PHP|
|10,000 Sweatcoins||10,000.00 PHP||30,000.00 PHP|
|20,000 Sweatcoins||20,000.00 PHP||60,000.00 PHP|
Let me start off by pointing out that Sweatcoin is currently not a cryptocurrency.
It is an internal reward points system that is very similar to many airline miles or hotel loyalty programs.
The only difference is that you don’t earn Sweatcoin by spending money but rather by engaging in physical activity.
That also means that it’s not always easy to determine the current Sweatcoin to PHP exchange rate.
What is Sweatcoin?
Sweatcoin is a step tracker app that rewards users for physical activity with its internal Sweatcoin point system. Sweatcoins can be exchanged for goods, services, and discounts on promotions on their marketplace. In September 2022, Sweatcoin plans to launch its own blockchain-based ecosystem called “Sweat Economy“.
Sweatcoin was founded in 2016 and it was one of the earliest attempts at creating an incentive scheme that promotes physical activity.
Let’s face it, physical activity and healthy lifestyles have real monetary value, especially in an economy where healthcare is becoming increasingly expensive.
At its core, Sweatcoin may look like just another walking step tracker, but its reward model makes it unique.
Users of the app are rewarded with Sweatcoin for up to 10,000 steps of outdoor activity every day.
You receive 1 Sweatcoin for every 1,000 steps and these Sweatcoins can be exchanged for goods and services on the internet marketplace of the app.
However, Sweatcoin recently announced that they are launching their Ethereum-based Sweat Economy this summer.
So it’s only a matter of time until Filipinos will be able to convert their Sweatcoin to PHP via one of the many decentralized exchanges.
How Much is Sweatcoin Worth?
The value of 1 Sweatcoin is currently derived from the theoretical value that it can buy you on the marketplace. The average range is 1 to 3 PHP. However, it is very likely that the price would be much lower if it were listed on an exchange.
If you’ve been collecting Sweatcoins for a while now, you’ve probably asked yourself how much they are worth if you convert Sweatcoin to PHP.
Since Sweatcoin isn’t a cryptocurrency and therefore not listed on any exchanges, it’s not always easy to determine the exact Sweatcoin to PHP exchange rate.
In fact, the value of Sweatcoin is currently completely detached from conventional price mechanics of supply and demand.
As Sweatcoin’s user base grows and more people earn Sweatcoins on their steps, the supply of Sweatcoin is continuously growing.
At the same time, it’s unlikely that a lot of Sweatcoins are actually being spent and removed from circulation.
Therefore, for the time being, the only way to determine an approximate rate of Sweatcoin to PHP is to look at what you can buy with Sweatcoins on the marketplace.
Using the different promotions and product prices as a basis, you can derive an implied value of each Sweatcoin.
Most people tend to agree that you can roughly convert 1 Sweatcoin to PHP in a range of 1 to 3 PHP.
However, that only applies if you’re spending it on the marketplace.
If you try to sell your Sweatcoin to someone directly, they will most likely quote you a much lower price.
How To Cash Out in Sweatcoin
The only way you can cash out Sweatcoin to PHP, or any other currency for that matter is by purchasing Amazon or PayPal gift cards on the marketplace and then either selling them to someone else or spending the balance for your own needs.
For the time being there is no direct way of cashing out your Sweatcoins.
Similar to many other loyalty programs, the only way to extract value from your points is to spend them on discounts or products within the ecosystem.
Most of the time you will have to spend money in order to get value from your Sweatcoins.
However, a lot of people are not interested in the products that are being promoted in the marketplace.
Instead, they’d rather convert their Sweatcoins to real money such as US Dollars, Euros, or Philippine Pesos.
Let’s face it, that’s exactly why you’re searching for the Sweatcoin to PHP exchange rate.
Unfortunately, you can only cash out your Sweatcoin to PHP indirectly.
That means that you’ll have to purchase gift cards for PayPal or Amazon and then either spend them or sell them to someone else.
I don’t want to sound negative but that is what always happens when new tokens are launched and there is too much selling pressure.
Sweatcoin represents a unique opportunity for Filipinos and the entire world.
We have the unique opportunity to finally create positive incentives for people to live healthier lifestyles, increasing everyone’s productivity and reducing the burden on our healthcare systems.
Just imagine a world where a certain amount of your annual income came from being physically active!
Here at Tokenized, we want to help you learn as much as possible about finance and cryptocurrency. We help you navigate the world of tech and the digitalization of our society at large, including the tokenization of assets and services.