STEPN airdrops $30M GMT tokens ahead of major global partnership – CoinJournal

Table of Contents

  • STEPN distributes 100 million FSL Points to users.
  • The airdrop aims to reward loyal community members and fuel engagement within the STEPN ecosystem.
  • STEPN is also expected to announce a partnership with a leading global sports brand soon.

According to a post on X, Move-to-earn lifestyle app, STEPN, has completed an extensive airdrop campaign, allocating 100 million FSL Points to its user base, valued at $30 million.

The initiative, unveiled ahead of an impending partnership with a renowned sports brand, marks a pivotal moment for the Solana-based move-to-earn platform.

FSL points redeemable at 1:1 ratio for GMT tokens

The recently completed airdrop is the second airdrop marking the end of our STEPN Trailblazer event, which is the third one since 2022. The airdrop aimed at incentivizing user engagement and fostering loyalty within the STEPN community.

Users will have the opportunity to claim FSL Points, redeemable at a 1:1 ratio for STEPN’s native GMT token, enhancing their participation in upcoming mints and exclusive rewards.

Commenting on the initiative, Shiti Manghani, CEO of STEPN by FSL, expressed gratitude towards the community, highlighting the importance of prioritizing loyal members and offering them exclusive access to upcoming developments within the ecosystem.

The airdrop campaign was divided into two phases: Phase 1 targeted STEPN badge holders, incentivizing achievements completed within the app, while Phase 2 focused on rewarding Genesis Sneakers holders, with higher rewards allocated to the most dedicated users.

Recipients of FSL Points are encouraged to claim their rewards by the end of April, contingent upon signing up for an FSL ID, facilitating seamless interaction and reward earning within the STEPN ecosystem.

Integrating STEPN, MOOAR, and Gas Hero within the FSL ID platform enhances user engagement and streamlines the reward process.

As crypto enters a new market cycle and mainstream interest in fitness solutions grows, STEPN remains at the forefront of bridging the gap between Web2 and Web3 technologies.



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