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STEPN launches $30M airdrop ahead of major global partnership

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Sydney, Australia, April 10th, 2024, Chainwire

Web3’s biggest lifestyle app distributes 100 million FSL Points to users over a week-long event

Move-and-earn lifestyle app STEPN has launched an airdrop campaign that will see the distribution of 100 million FSL Points, equivalent to USD $30 million. These are redeemable 1:1 for STEPN’s native GMT token.

The drop comes ahead of a soon-to-be-announced partnership with one of the world’s best-known sports brands.

The leading, Solana-based NFT project is conducting the airdrop in two phases, culminating today –Wednesday, April 10.

  • Phase 1: STEPN badge holders, who can earn FSL Points via achievements completed within the STEPN app 
  • Phase 2: Genesis Sneakers holders, with most loyal users eligible for higher rewards

The FSL Points earned in this campaign will allow users to participate in upcoming STEPN mints and improve their chances of obtaining exclusive prizes. FSL Points can also be swapped for GMT via the STEPN marketplace with 1 FSL Point = 1 GMT. 

Commenting on the news, Shiti Manghani, CEO of STEPN by FSL, says: “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 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 next few months mark a pivotal moment for STEPN, and we’re thrilled to share this with our most dedicated supporters.” 

Airdrop recipients have until the end of April to claim their rewards, contingent on meeting several criteria. To claim their points, users will need to sign up for an FSL ID. 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.

This airdrop is the first of several high-profile announcements from STEPN that are set to significantly boost its competitive position and reignite the move-and-earn sector. As crypto enters a fresh market cycle and mainstream interest renews in innovative fitness and lifestyle solutions, STEPN is one of the few initiatives to bridge the Web2 / Web3 divide.

About STEPN

STEPN stands as the leading move-and-earn platform globally, motivating individuals to stay active. Launched in 2021 by FSL, it currently boasts a 5 million user base, and ranks among the top applications by TVL. By incentivizing exercise with crypto rewards, the app requires users to purchase a virtual Sneaker NFT, link their smartphones, and earn rewards through walking, jogging, or running.

For more information users can visit STEPN’s Official Website | Twitter | Telegram

About FSL ID

FSL ID is a pioneering platform in the Web3 domain, offering a universal login tool and a gateway to rewards within the FSL ecosystem. Integrating STEPN, MOOAR, and Gas Hero, FSL ID introduces a comprehensive rewards system, incentivizing user engagement. 

For more information users can visit: id.fsl.com

Contact

PR Director
Rebecca Jones
Block3PR
[email protected]

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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