Podcoin and Sweatcoin Unite to Fight Childhood Cancer
Press Release – June 4, 2019 — The Meet Group, Inc. (NASDAQ:MEET), a portfolio of apps with 15+ million monthly users and owner of Podcoin, a first-of-its-kind mobile app that rewards users for listening to podcasts, is partnering with Sweatcoin, the fastest growing health and fitness app in history that rewards users with virtual currency for walking and running, in a crowdfunding campaign benefiting Alex’s Lemonade Stand Foundation.
Alex’s Lemonade Stand Foundation (ALSF) is a national childhood cancer foundation dedicated to helping children with the disease through funding impactful research, raising awareness, supporting families, and empowering everyone to help cure childhood cancer. Founded in 2005, ALSF was started by Jay and Liz Scott. After the passing of their daughter Alex, the Scotts vowed to raise money to help doctors find a cure.
The campaign, which is live now and funded by Podcoin, appears on Sweatcoin’s Marketplace alongside 3 other campaigns making the world a better place and allows members to express their support for childhood cancer research. Podcoin will donate $10,000 to ALSF at the conclusion of the campaign. As part of the campaign, Sweatcoin users who join Podcoin will receive 300 Podcoin to help them get started on the app. Sweatcoins will initially launch the campaign to 25% of its US users with a view of expanding to 100% after a few weeks.
“Thanks to the generosity of both Podcoin and Sweatcoin, we will raise money to help children get the support and resources they need in their fight against cancer,” said Jay Scott, Co-Executive Director of the Alex’s Lemonade Stand Foundation. “Podcoin and Sweatcoin demonstrate the good social apps can achieve when they promote world positive endeavors. Sweatcoin promotes fitness, and Podcoin promotes storytelling, and both apps have communities that want to translate those activities into life-changing outcomes.”
Podcoin is a first-of-its-kind mobile app that rewards listeners. Our mission is to increase the time the world spends listening. By adding social and gamification to podcasting, Podcoin intends to solve the problem of discovery for podcasters and provide the most efficient way to build and engage an audience. For more information, please visit https://www.podcoin.com/.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a portfolio of mobile social entertainment apps designed to meet the universal need for human connection. We leverage a powerful live-streaming video platform, empowering our global community to forge meaningful connections. Our primary apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, keep millions of mobile daily active users entertained and engaged and originate untold numbers of casual chats, friendships, dates, and marriages. Our apps, available on iPhone, iPad, and Android in multiple languages, use innovative products and sophisticated data science to let our users stream live video, send gifts, chat, and share photos. The Meet Group has a diversified revenue mix consisting of in-app purchases, subscription, and advertising, and we have offices in New Hope, Philadelphia, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
Sweatcoin is a virtual currency backed by physical activity in its simplest form — steps. Steps are verified to avoid cheating and converted into Sweatcoins by a proprietary algorithm and a mobile app. Since its launch in 2016, Sweatcoin app has amassed more than 35+M registered users; it is the fastest growing health and fitness app in history.
The vision behind Sweatcoin is to make the planet more active by creating a sustained motivation to walk more. According to the British Journal of Sports Medicine, Sweatcoin users demonstrate a sustained +20% uplift in physical activity even after 6 months from install. The uplift is even more pronounced for less physically active or overweight users.
Sweatcoin (https://sweatco.in) has been covered by The New York Times, CBS, Forbes, Fortune, Reuters, Huffington Post, Daily Mail and many others.
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