On Wednesday, the Web3 fitness and move-to-earn platform Stepn unveiled a $30 million airdrop campaign, offering participants the chance to earn FSL points that can be exchanged for GMT tokens.
Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop
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Stepn Reveals $30M Airdrop, Precedes Big Brand Collaboration
The Solana-based Stepn has begun the allocation of 100 million FSL points among its users, which they can swap for GMT tokens on the Stepn market. Essentially, Stepn operates as a Web3 platform that rewards users with crypto for engaging in physical activities such as walking, jogging, or running outdoors, all while utilizing non-fungible token ( NFT) based virtual sneakers. According to communications sent to Bitcoin.com News, the airdrop is set to precede the announcement of an upcoming collaboration with “one of the world’s best-known sports brands.”
“We have decided to launch this huge airdrop campaign as a token of gratitude to our most loyal community members, providing them with priority access to our upcoming mints and other exclusive rewards,” Stepn CEO Shiti Manghani remarked. “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,” the Stepn executive added.
The update comes on the heels of Stepn’s previous distribution of tokens to owners of Genesis sneaker NFTs last year. Furthermore, the FSL points initiative will unfold in two separate stages. The initial phase targets Stepn badge holders, offering them the opportunity to collect FSL points through various accomplishments within the Stepn application, followed by the second phase, which is reserved solely for Genesis sneaker NFT proprietors. Nonetheless, there are several conditions attached to this airdrop campaign.
“ Airdrop recipients have until the end of April to claim their rewards, contingent on meeting several criteria,” the announcement sent to Bitcoin.com News details. “To claim their points, users will need to sign up for an FSL ID (id.fsl.com). This allows users to seamlessly interact and earn rewards within the FSL ecosystem, from Stepn to NFT marketplace MOOAR and leading strategy game Gas Hero.”
Stepn’s FSL points giveaway arrives as a plethora of projects introduce point systems to distribute tokens or rewards among their communities.
What do you think about Stepn’s $30 million airdrop campaign? Share your thoughts and opinions about this subject in the comments section below.
