Can you get free bitcoins just by walking every day? The Japanese lifestyle app, BitWalk, offers users a way to earn money by converting their daily walking steps into bitcoins.
(Bitcoin’s downward trend may come to an end, according to JPMorgan analysts.)
(Background: Is Web3 about making money or providing low-cost services to everyone?)
Table of Contents:
What is BitWalk?
How to cash out?
How to register for BitWalk
How does BitWalk make a profit?
In recent years, Japan has seen an increase in “point-earning activities” in everyday life, with many applications that allow users to earn points, such as completing tasks by clicking on ads, daily check-ins, and walking to earn money. This article introduces a recently launched application that has been available in Japan for many years and is currently launching a Chinese version, BitWalk.
What is BitWalk?
In simple terms, BitWalk is an app that allows users to earn bitcoins by walking. The main function is straightforward: accumulate walking steps and exchange them for bitcoins. There are also some additional features, such as predicting the future rise and fall of bitcoins and watching advertisements to accelerate the acquisition of BTC:
Exchange walking steps for bitcoins:
After opening BitWalk, when the accumulated steps reach a certain threshold (250 steps can be exchanged for BTC stamps, with a daily reward limit of 50), users can choose to directly obtain BTC or watch advertisements to receive more rewards.
Predict the future price of bitcoins:
Users can earn rewards by predicting the rise and fall of bitcoins the next day.
Win bitcoins through a gacha machine:
By watching videos five times a day, users have the chance to win bitcoins with each spin.
After completing daily tasks, the system will send mBTC (one-thousandth of a BTC) the next day. Users can check at any time how many bitcoins they have accumulated and their current value. Once they have accumulated 0.2m BTC, they can cash out.
However, before that, users need to provide their personal contact information, phone number, and wallet address as instructed by the official. Although the official claims not to charge any fees, users should pay attention to the minimum deposit threshold that may exist on the exchange when cashing out.
How to register for BitWalk
Downloading and operating BitWalk is simple. Users can download BitWalk from the Apple App Store or Google Play Store. The specific operation process is as follows:
Download BitWalk.
Install Google Fit (to record walking steps).
Login to a Google account and allow BitWalk to access data.
Accumulate stamps every 250 steps to exchange for bitcoins.
The BTC earned daily will be distributed the next day, and the amount of BTC earned will fluctuate with advertising revenue and the price of bitcoins.
How does BitWalk make a profit?
In general, we know that there is no such thing as a free lunch in the world. So how does BitWalk make a profit?
It is reasonable to speculate that BitWalk’s main source of revenue comes from advertising fees paid by advertisers. Additionally, the user data collected from the number of steps taken may have other commercial uses. The official has not provided a clear explanation on this matter, and it is still unknown whether they will continue to provide bitcoin rewards in the future. However, if you want to earn a small amount of bitcoin without much effort, it may be worth considering.
Related articles
Airdrops are a battlefield! When will projects stop preventing witchcraft by “Luo Mao Studio”?
Taking advantage of the bear market! GuildFi, a game guild, launches a limited-time reward activity to earn GXP for a chance to win an iPhone 14 (cheat sheet).
Project Introduction | P12: Airdropping NFTs to 1 billion Steam players! The longer you play, the rarer the rewards.