Auctions on app


#23

I have a question. So. I see you either give the monetary value OR the item. So for example.

The peloton bike was what $2.5K.? So would I be sent the $2.5K in dollars. Or would I receive £2.5K in great British pound. ‘gbp’ as I’m English I would rather the £ and obviously $2.5K dollars in today’s currency into £ would be. £1876.21 today’s exchange rate. Because obviously. That is a big big drop


#24

Using my very own experience, I won the Samsung Smart TV for my marathon reward.
It was stated in the email that the TV is worth USD $1300

What I got is the cash equivalent of the $1300 USD converted into Singapore dollar (SGD) as I am staying in Singapore. (Surprisingly, the exchange rate for TransferWise was much better than what I expected)

As SGD is much weaker than USD, so I physically got more in SGD (but still the equivalent of $1300 USD). Anyway, the physical TV might not be 100% compatible in the winner’s country too so cash might still be the best option.

However, if the prize is stated in English Pound as in the reward, I am sure they will be send the equivalent amount of that amount in English pound to be converted into whatever currency one is using.


#25

All the prizes I’ve ever seen are in $. When I asked @Ashton is this the same for everyone globally he said he believes it is… but personally I feel like you should have a choice. Also in my own opinion I think there should be two auctions every 24 hours. This way. Others get a fair chance


#26

2 auction a day will be great but it all depend on Sweatcoin willingness to payout. If the amount they are willing to pay out is base on the current value, changing to 2 auction per day will effectively mean half the value for each auction.

Personally I would prefer the payout on a rotating basis. Maybe changing every 6 hours (still at 1 auction every 2 days). However with stagger arrangement, members will still complain as maybe lousy rewards are allocated during their timezone (due to the wide variety of rewards of various type and value)

I personally would prefer only a standard reward like maybe USD$1000 cash instead of various gift card or miscellaneous items but this again might be out of the budget for the app.


#27

I only have 20 invites but I am considered an influencer so I cannot see the auctions which is unfair @khmelev