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I don't understand how this type of app works, apparently it's a model that existed already? Can you please explain to me what is the monetization model you have?
I understand what SN does and I like to zap here for good content, but how you guys make money is not clear from what I saw on the website.
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Yes, we generate revenue in two ways:
  1. Premium Subscriptions: Users purchase a premium subscription to unlock workout programs and personalized nutrition plans, mostly used by the weight loss community. We reward them with sats for their exercise efforts, ideally encouraging them to start playing challenges.
  2. Step Challenges: For example, 10 people bet 10K sats each to enter a challenge, creating a prize pool of 100K sats. The goal is to walk 10K steps a day for two weeks. If 5 participants win and 5 lose, we take a small cut from the pot of the participants who lost. The remaining goes to the winners.
Additionally, we give away 10 sats per day for free in exchange for 10K steps a day. This cost is covered by the revenue we generate from premium subscriptions
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