September 16, 2018 Update:   It’s been 9 months since we heard of the new Blockchain, and it has likely been under development for more than a year prior. Blockchains take time, and the Sweatcoin team is already preoccupied fixing, upgrading, and releasing their already working product. (That’s because very few other digital currencies are backed up with a working product.) So I still expect it to be some time until the Blockchain component/layer is implemented.

With that said, I encourage people to download the SWC app and start earning/saving coins. If they decide to turn Sweatcoin into a true cryptocurrency (with a “ledger” – anonymous public records of every transaction) then we’ll see a massive increase in interest and popularity.

New to Sweatcoin? Check out our Frequently Asked Questions page to learn all about this promising and rewarding app!

Here’s what other information we know about the future Blockchain

In January of 2018, Sweatcoin founders Oleg and Anton announced that they are working hastily on a new Sweatcoin Blockchain.

We don’t know how this will interact with the existing Sweatcoins. Whether it will replace the current Sweatcoins or be an extension of them is still to be determined.

However, I speculate that the new blockchain will represent a new form of Sweatcoins.

I also speculate that you can convert Sweatcoin you earn by walking and running into the new blockchain currency. Or you can spend it on offers/rewards in the marketplace.

This announcement is tremendous, as Anton states, “You’ll be able to pay your taxes with Sweatcoin.”

With cryptocurrencies such as Bitcoin being the center of the media’s attention, this announcement drives incredible investor interest to this app.

Just last week they raised $5.7 million from investors. This money is likely going to marketing/promotion, in-app offer rewards, and of course the creation of the new blockchain.

More information to come here as it is announced