News

Stepn Airdrop Was Announced With $30 Million Worth Of GMT

Key Points:

  • Stepn announces a $30 million worth of GMT token airdrop to users, distributing 100 million “FSL” points exchangeable at a 1:1 ratio.
  • The Stepn airdrop precedes an upcoming partnership announcement with a renowned sports brand.
  • Stepn’s recent social media post reveals users have collectively run over 295 million kilometers since its launch in 2021.
According to The Block, Stepn, the innovative fitness app, has recently unveiled plans to distribute a substantial sum of $30 million worth of GMT tokens to its users through a unique airdrop initiative.

Stepn Airdrop Launched to Boost User Engagement

This Stepn airdrop comes as the app aims to enhance user engagement and incentivize participation within its platform. The company is set to distribute 100 million “FSL” points, which can be seamlessly converted into GMT tokens at a 1:1 ratio on the Stepn market.

The company had previously commenced the Stepn airdrop without divulging the full extent of the distribution scale. However, Stepn has now confirmed that the next phase of the airdrop will commence imminently, offering users an opportunity to capitalize on this lucrative offer. Furthermore, Stepn emphasized that the accumulation of FSL points could significantly boost users’ chances of securing exclusive prizes, enhancing the overall appeal of the airdrop.

According to Stepn’s official statement, the distribution of FSL points is strategically timed ahead of an impending partnership announcement with a renowned global sports brand. This move underscores Stepn’s commitment to fostering strategic alliances within the sports industry, following previous successful partnerships with leading entities such as Asics and Athletico Madrid.

Stepn Community Celebrates Remarkable Fitness Milestone

Stepn’s foray into airdrop initiatives is not new, as the company had previously orchestrated similar campaigns to reward its loyal user base. The app had announced plans to airdrop FSL points to eligible Genesis holders, offering them a seamless avenue to exchange their points for GMT tokens at an equitable ratio.

In addition to its token distribution efforts, Stepn continues to make significant strides in user engagement and platform growth. A recent announcement on social media platform X revealed that Stepn users collectively have logged an impressive distance of over 295 million kilometers since the app’s inception in 2021.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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