Hey guys,
since I have seen this app „evolving“ for two years now I have to say that I am getting really tired.
Don’t get me wrong, I am not here to agitate but will only stick to the math in this post about TM.
Statement (1)
It has to be doubted that sweatcoin inc‘ return (post labor and IT costs) with 100m users and a part of it also paying subscription fees is only 500 USD a day, which is the average payout of the 48 hours auctions. Studies quote average revenue per impression (this would be the daily ads for example) to be 0.1 to 1 US Cent per user. Therefore it has to be questioned whether the payout ratio is fair.
Statement (2)
It is what it is: A ponzi, where the mass of users pays a few auction winners at the top. About 99.9999% of users will not get a single cent back for their subscription fee. Finding a way to give value to SWC itself (even if it is only a marginal amount) is the only way out of this dilemma.
This leads to my conclusion which can be seen as financial advise:
If you are not among the users making 50 SWC a day (~ 27,000 steps/day) you will get no return for your Trouble Maker fee, since there will always be users who do the 50 coins a day and will outbid you in auctions. Therefore it would be much better for society to save this money and give it to charity instead of supporting an app that gets away from its original idea more and more or to fill board members pockets.
I know sweatcoin crew won’t like that post but I am fully open for comments where I might be wrong.
Regards
Hans