CryptoSphere by AsCurrency

CryptoSphere: cryptocurrency news, market analysis, blockchain trends and investments. Your essential guide to the digital economy

Fitness App Stepn (GMT) Reveals $30 Million Crypto Airdrop


Stepn, has announced a $30 million token airdrop for its users. The company is distributing 100 million “FSL” points, which can be swapped for GMT tokens via the Stepn marketplace at a 1-for-1 exchange rate.

With GMT tokens currently valued at approximately $0.30. this point distribution equates to a substantial $30 million.

Stepn’s $30 Million Crypto Airdrop

Stepn’s CEO, Shiti Manghani, expressed the company’s commitment to giving back to its users.

“Since we have the runway, we have the stability as a business we are able to give it back to the users. This year’s airdrop is the biggest ever… It is given to badge holders, which reward the smallest to the biggest users, and its given to the Genesis holders who have held our NFTs for the longest periods,” Manghani said.

The crypto airdrop, which began a few days ago, had not previously disclosed its total size. According to the company, the next phase commenced on April 10. This initiative follows Stepn’s February 2022 crypto airdrop, which rewarded Genesis sneaker NFT holders between $1,800 and $14,400 in GMT tokens.

In addition to the crypto airdrop, Stepn revealed that FSL points could improve users’ chances of obtaining exclusive prizes. The company is also preparing for a partnership with a renowned sports brand, following previous collaborations with Asics and Athletico Madrid.

“[Stepn] currently finds itself at a very exciting juncture, with major plans in the pipeline this year to supercharge our growth and cement our leading position in the move-and-earn sector,” Manghani concluded.

Best crypto platforms in Europe | April 2024


YouHodler

YouHodler
Explore →

Wirex App

Wirex App
Explore →

PrimeXBT

PrimeXBT
Explore →

SunContract

SunContract
Explore →

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.


Conclusion

In conclusion, Stepn has announced a significant $30 million token airdrop for its users, distributing 100 million “FSL” points that can be exchanged for GMT tokens. This effort showcases the company’s commitment to giving back to its user base, with CEO Shiti Manghani emphasizing the importance of rewarding loyal users. The airdrop comes on the heels of previous initiatives and collaborations with major sports brands. Additionally, Stepn has indicated that FSL points could enhance users’ chances of winning exclusive prizes and hinted at upcoming partnerships in the future. Overall, Stepn is poised for growth and aims to solidify its position in the move-and-earn sector.

  • bitcoinBitcoin (BTC) $ 60,574.00
  • ethereumEthereum (ETH) $ 2,364.20
  • bnbBNB (BNB) $ 568.40
  • solanaSolana (SOL) $ 139.52
  • xrpXRP (XRP) $ 0.523069
  • cardanoCardano (ADA) $ 0.334955
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • polkadotPolkadot (DOT) $ 3.99