Giving it a second thought this auction mode is kind of clever, however more on the companies side.
As marathon offers diminished and voices came up that this is a scam I thought myself how a sustainable walking app could work. I came up with a kind of profit participation where a company adjust its prices to the earnings (from adds and subscriptions) it generates. In such a world the company would quarterly communicate what price someone would get for let’s say 10k coins and users could opt to participate or wait for a better quarter.
Now it’s kind of similar and sweatcoiners (crazy as it sounds) become kind of shareholders in sweatcoin. Why this is: the more profitable sweatcoin becomes the more prices they can give into auction to make the app even more attractive. And like for a stock, the more shares or SWC you have, the higher (on average) your share in this cash stream from rewards will be.
All in all not so unclever from sweatcoin team…