You wrote very well and you’re right.
Totally agree mate. Every week the prizes are going up and up on price. I’m on 15.2K sweatcoins and even I struggle to hold a bid in place… Personally. I think people are just bidding for high price ticket items to resell or hoping to get the cash value of it via sweatcoin. .
But I do agree with your point of views.
Said on a thread ages ago bids are just gonna get higher and higher,think they were alot lower at first as auction was only being trialed in uk (might be wrong) won mine for 16200(approx) mate won his for 17500 dont think u would win any auction for that now,think i remember seeing one won for 7500 ,open to world now and as ppl keep gathering sc price is only gonna get higher,still think the idea of tm auctions and unpaid auctions is a good idea for both user and sc but have already been told its not ever gonna happen .
Some of the deals sell out quickly or are hardly any deal as well. I agree on this!
Sadly but true …
Long before the SWC app remove the updating of my friend listing and long before they started trouble maker level, the attached screenshot is a common sight whenever I take a look at my friend listing. There are never short of great steppers generating around 20k steps daily within my listing of around 400 friends
Guess this is the reason why they have to stop Marathon reward. To me it has being a great motivation knowing where I fare among some of the active steppers with this app
With the new TM level. it is now so easy to get above 1k earned SWC every month. (Assuming 30 days in a month and doing 17.5k steps daily converting at 1.05 rate)
A top breaker who max 21k steps daily with 20 earned SWC will only have 600 earned SWC every month.
Guess this is also the reason why all Auction winners tend to have TM status. They also have to continue to be a top stepper in order to win an Auction prize as NOW everyone have to compete globally for a prize that comes once every two days
Sadly but this is true fact with the current Auction scheme …
Well, even though I am sure that sweatcoin crew does not like this statement, the current auction system is a classical ponzi - the great mass of (new) users is paying the very, very few sweatcoiners at the top (amount of coins) with their subscription fees and ad revenues.
As long as sweatcoin inc. does not find a way to give value to every sweatcoin (above a certain threshold at least) I fear that this ponzi like system will end like all ponzi schemes before - with best case scenario that a few paying members remain, keeping the auctions running without sweatcoin inc. being able to grow their revenues out of the sandbox level they are currently playing in…
Hansi2019 I hadn’t thought of it like that before but you are completely right. Well put.
Bravo on a very well written, accurate, description of how this system is very discouraging to participate in with hopes of reaching top auction prize levels.
Very well put. Which is why they should explain their tactic in some way and be more transparent, unless there’s something to hide then they won’t be.
Yeah, definitely! I was going to write a post on the HUGE inflation of Sweatcoins on the auctions. But you did that for me.
Yeah, I only started in late 2019 but even so that wasn’t early enough. Only people who had started when Sweatcoin started would realistically be able to win those auctions. With the exception if you have your entire family working Sweatcoins for you.
Yep, but at least it has kept me walking which I suppose was the entire point of it all. I doubt that I will be able to redeem my Sweatcoins ever nor will 80% of users. (Pareto principle)
I started 2.5 years ago and I’m only on 16.1K coins. I only took it serious the last 2 years. Otherwise I probably would of cashed out for the PayPal cash… shame it’s gone really they should bring it back once a month a certain amount of prizes really is a mass competition now.
What would you consider to be “took it serious”? Like how many steps a day for it to be “serious?” I’m honestly interested in what you think.
Like basically I started june 2018. But I only used the app for like 6-7 months then didn’t really bother with it for like 3/4months months as much as I do nowadays and try reach max daily. Since I’ve made more effort with the app.
One word, Ponzi scheme.
It may not look like a Ponzi scheme, but all in all, this is an Advertising based business.
In the words of Sweepstakes,
MANY WILL ENTER, FEW WILL WIN!
What if you had a works iPhone in your left trouser pocket.
And your personal mobile in your right pocket?
And your old mobile in your jacket pocket with a sim free 1pound sim card
Would that not then give 3 x coins?
I walked 7000 with one phone took me 2 years
Now i buy mine off folk for when it’s a cryptocurrency
You need to add the rewards too daily 3 try your lucks also remember
? Haven’t a clue what youre on about
Genius. I didn’t think of this at all!
For any user to be in control of more than one account is a direct violation of the Ts&Cs of the app.
When caught you would likely lose all accounts and forfeit any Sweatcoins earned to date. I say WHEN rather than IF because lets face it, detecting multiple accounts with Identical activity I would imagine isn’t exactly going a mammoth brainteaser of a task. Especially not when you consider that the app is designed to validate step activity to start with.