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21 sats \ 0 replies \ @Workit_LN OP 6 Dec \ parent \ on: I'm Saba - Founder and CEO of Workit App - AMA AMA
Yes, we generate revenue in two ways:
- 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.
- 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