CDS Crypto News Stepn Announces Massive Airdrop: 30 Million Dollars in GMT Tokens Up for Grabs!
Crypto NewsAirdrop & Listing

Stepn Announces Massive Airdrop: 30 Million Dollars in GMT Tokens Up for Grabs!

Stepn has been dispersing bonus points valued at approximately $30 million when converted into GMT tokens.

62
Stepn Announces Massive Airdrop: 30 Million Dollars in GMT Tokens Up for Grabs!

Crypto News- Stepn Announces Massive Airdrop: In a groundbreaking move, fitness app Stepn has announced a staggering $30 million airdrop of GMT tokens, exclusively revealed to The Block. The company plans to distribute 100 million “FSL” points to its user base, allowing them to exchange these points for GMT tokens through the Stepn marketplace at a 1-for-1 ratio. With GMT tokens currently valued at around $0.30 each, this distribution marks a significant investment by Stepn into its community.

Stepn Announces Massive Airdrop: 30 Million Dollars in GMT Tokens Up for Grabs!

Stepn CEO Shiti Manghani expressed the company’s commitment to giving back to its users, citing stability and a strong business foundation as enabling factors for this generous airdrop. The distribution is set to benefit badge holders of all levels and Genesis holders, who have demonstrated long-term support for Stepn’s NFT ecosystem.

While the airdrop quietly commenced a few days ago, Stepn has now unveiled the full extent of its generosity. The next phase of the airdrop is slated to kick off this Wednesday, promising even more opportunities for users to participate.

Stepn’s Legacy of Generosity: Rewarding Loyalty Through Token Distributions

This isn’t Stepn’s first foray into token distributions. Last year, the company rewarded Genesis sneaker NFT holders with substantial amounts of GMT tokens, showcasing its dedication to rewarding loyal community members.

Beyond the airdrop, Stepn’s FSL points offer users the chance to vie for exclusive prizes, hinting at exciting developments on the horizon. The company teased an upcoming partnership with a prominent sports brand, adding to its existing collaborations with Asics and Athletico Madrid.

Manghani emphasized Stepn’s position at an “exciting juncture,” with ambitious plans to expand its reach and solidify its dominance in the move-and-earn sector. Stepn’s innovative app, powered by FSL technology, incentivizes users to stay active by rewarding them with cryptocurrency. The requirement to purchase virtual sneaker NFTs adds a unique element to the platform, generating revenue through platform fees.

While Stepn leads the charge in crypto-based fitness incentives, it’s not alone in the NFT sneaker space. Major brands like Nike have also entered the arena with their own collections, blurring the lines between digital and physical ownership.

Stepn: Empowering 5 Million Users to Lead Healthier Lives, One Kilometer at a Time

In a testament to its growing popularity, Stepn recently celebrated users collectively running over 295 million kilometers since its launch in 2021. With a user base surpassing 5 million, Stepn continues to inspire millions to lead healthier lifestyles while earning rewards along the way.

As Stepn gears up for its next phase of growth, one thing remains clear: the future of fitness and finance is intertwined, and Stepn is leading the charge.

Stepn Announces Massive Airdrop: $30 Million in GMT Tokens Up for Grabs!

Leave a comment

Leave a Reply

Related Articles

Breaking Crypto News – What are the Advantages of Using EVM RPC for ICP Smart Contracts?

Breaking Crypto News - What are the Advantages of Using EVM RPC...

Crypto News Today- Approach ETH pullbacks with careful consideration

Bitcoin's price fell 15% post spot Bitcoin ETFs, but traders doubt Ether...

Crypto News Today- Nvidia X Bitcoin: Nvidia unlikely to replicate its success against Bitcoin in the next decade

In the last decade, Nvidia, a technology company, surpassed Bitcoin in performance....

Pepe Crypto News – Bitcoin Roller Coaster: From Below $66,500 to Over $69,000

Pepe Crypto News - Bitcoin Roller Coaster: From Below $66,500 to Over...