#DeFiGetsGraded
**Explanation of Sweatcoin *
1. **Basic idea:** An application that converts your daily steps (walking/running) through your phone into a digital currency called **"Sweatcoin"**.
2. **How it works:** The app tracks your movement via GPS or phone sensors and issues the currency based on the distance covered (≈ 1000 steps = 0.95 Sweatcoin).
3. **Not a traditional "crypto":** Its currency is *centralized* and not on a public blockchain, and it cannot be traded outside the app like "Bitcoin".