65 min listen
Sweatcoin: how to turn your worst moments into your best, with Co-Founder Oleg Fomenko
Sweatcoin: how to turn your worst moments into your best, with Co-Founder Oleg Fomenko
ratings:
Length:
58 minutes
Released:
Aug 2, 2022
Format:
Podcast episode
Description
What makes you want to exercise? Would you do it more if you were paid to do it?
Oleg Fomenko thinks we aren’t naturally disposed to want to exercise, that we have evolved to preserve our store of calories rather than spend them. So, he built Sweatcoin, along with his Co-Founder Anton Derlyatka, an app that will literally pay you for taking steps outside. Specifically it will pay you a certain amount of ‘sweatcoin’ for every thousand steps you take. This digital currency can then be switched for products, as well as their new cryptocurrency, SWEAT.
Oleg came up with Sweatcoin in 2015 when he was struggling to find the motivation to exercise after his startup, a music streaming service called Bloom.fm, suddenly went under. Recovering from the end of that company also led him to a key realisation that he says is important for every entrepreneur to know. And it must work, because Sweatcoin is growing fast. It currently has over 100 millions users, and has no signs of slowing down.
Listen to find out: how the current war in Ukraine is affecting him as a Russian-born entrepreneur; why cryptocurrencies are going to change the face of Sweatcoin; and what advice he would give to other entrepreneurs that want to replicate his success.
Listen to our episode on Web3 with The Sandbox Founder here.
We'd love your feedback:
hello@secretleaders.com
Sponsor links:
eveyln.com/secretleaders
svb.com/uk
transparent.biz/SL
vanta.com/secretleaders
Oleg Fomenko thinks we aren’t naturally disposed to want to exercise, that we have evolved to preserve our store of calories rather than spend them. So, he built Sweatcoin, along with his Co-Founder Anton Derlyatka, an app that will literally pay you for taking steps outside. Specifically it will pay you a certain amount of ‘sweatcoin’ for every thousand steps you take. This digital currency can then be switched for products, as well as their new cryptocurrency, SWEAT.
Oleg came up with Sweatcoin in 2015 when he was struggling to find the motivation to exercise after his startup, a music streaming service called Bloom.fm, suddenly went under. Recovering from the end of that company also led him to a key realisation that he says is important for every entrepreneur to know. And it must work, because Sweatcoin is growing fast. It currently has over 100 millions users, and has no signs of slowing down.
Listen to find out: how the current war in Ukraine is affecting him as a Russian-born entrepreneur; why cryptocurrencies are going to change the face of Sweatcoin; and what advice he would give to other entrepreneurs that want to replicate his success.
Listen to our episode on Web3 with The Sandbox Founder here.
We'd love your feedback:
hello@secretleaders.com
Sponsor links:
eveyln.com/secretleaders
svb.com/uk
transparent.biz/SL
vanta.com/secretleaders
Released:
Aug 2, 2022
Format:
Podcast episode
Titles in the series (100)
Calm.com - Michael Acton Smith tells the story behind Calm, Moshi Monsters and Mind Candy,: Michael Acton Smith OBE is a man who's been described as the ‘tech version of Willy Wonka’. From setting up popular e-commerce websites with university friends to extravagant online games Michael Acton Smith has always had a drive as a maker. His biggest success, Moshi Monsters, grew to over 100 million registered users and expanded to over 150 countries around the world. It’s not all been plain sailing though. His businesses have come within days of missing payroll and after booming success Mind Candy has found it challenging reproducing it’s second hit. More recently our esteemed guest has focussed his attention on raising awareness and building businesses in the mental health space - an area very close to his heart with the meditation app - Calm. by Secret Leaders with Dan Murray-Serter