LifeCoin Pays Its Users for Each Step They Take While Using the App
Grace Mahas — July 8, 2020 — Tech
References: apps.apple & theladders
The LifeCoin app helps users earn extra money while staying fit. For every 1,000 steps walked, the app rewards the users with one LifeCoin, and for every 2,500 LifeCoins accumulated, users will receive a $50 gift card that can be used at the reward store to purchase goods. There is a maximum of 5 LifeCoins that can be acquired daily.
For those looking to rack up LifeCoins more quickly, users can subscribe to the annual membership — $39.99 USD annually — that will allow them to accumulate 10 LifeCoins per day (or 10,000 steps which is very achievable for the average commuter). This means users can earn their gift card in 250 days rather than 500 days.
Image Credit: Shutterstock
For those looking to rack up LifeCoins more quickly, users can subscribe to the annual membership — $39.99 USD annually — that will allow them to accumulate 10 LifeCoins per day (or 10,000 steps which is very achievable for the average commuter). This means users can earn their gift card in 250 days rather than 500 days.
Image Credit: Shutterstock
Trend Themes
1. Reward-based Fitness Apps - Opportunity to create apps that incentivize users to stay fit and earn rewards through physical activity.
2. Gamification of Exercise - Disruptive innovation opportunity in developing apps that turn fitness into a game with rewards for achieving certain milestones.
3. Subscription-based Fitness Apps - Potential to create subscription models for fitness apps that offer additional benefits and rewards for a recurring fee.
Industry Implications
1. Fitness and Wellness - Opportunity for fitness and wellness companies to create innovative apps that reward users for staying active.
2. Mobile App Development - Industry that can develop and design new apps that gamify exercise and incentivize physical activity.
3. E-commerce - Opportunity for e-commerce platforms to partner with reward-based fitness apps and offer gift cards or exclusive discounts as rewards.
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