Thank you for this post and your insights, thoughts and suggestions.
It’s true – without a partnership with PayPal (or the equivalent) and the addition of features which give you more sweatcoins (daily boost, Trouble Maker, higher daily reward ads etc) people will reach the 20k mark much faster and it’s definitely harder to hand out $1k prizes.
However, we also detected many more people than usual fraudulently trying to redeem these rewards, which of course might only increase as we introduce more ways to earn.
So it’s a tricky one from our side - if we raise the price of the $1k, people may feel upset or hard done by, but equally people may feel this way just because we removed it. Additionally, if we add lower cash prizes, the issue still remains - we have more users than ever and they are earning more than ever - so we need a feasible way to reward the users (which means brand partnerships!). Unfortunately, if we handed out nothing but PayPal rewards, there’d be no more Sweatcoin for anyone to enjoy As well as this, just like many of our other offers which come and go, this is the same for the £1k…
It’s important to understand that above all, Sweatcoin’s mission is to make the world more active and reward you for your steps. It was never our intention for users to focus solely on the cash prizes, but rather, feel motivated by all kinds of different offers and ways to spend (like donating to charities) in order to feel even better about their steps than just walking alone (which is amazing in itself!).
We are taking all your comments and feedback on board, but really appreciate that you understand the difficult situation with these offers.
We hope that with the new and exciting changes happening in the marketplace in the next few weeks, our users will see that there are really awesome things they can redeem with their sweatcoins, but also not focus too much on one specific offer – that’s the beauty of Sweatcoin, we’re constantly adding new things and building new partnerships as more and more brands are valuing the importance of steps as a currency!