STEPN launches $30 million airdrop ahead of Chainwire's major global partnership

Sydney, Australia, April 10, 2024, Chainwire

Web3's largest lifestyle app is handing out 100 million FSL points to users during a week-long event

Move and Earn lifestyle app STEPN has launched an airdrop campaign distributing 100 million FSL points, equivalent to $30 million. These are redeemable 1:1 against 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 10th.

• Phase 1: STEPN badge holders who can earn FSL points through achievements achieved in the STEPN app
• Phase 2: Owners of Genesis Sneakers, with most loyal users eligible for higher rewards

The FSL Points earned in this campaign allow users to participate in upcoming STEPN Mints and improve their chances of receiving exclusive prizes. FSL Points can also be exchanged for GMT via the STEPN marketplace, where 1 FSL Point = 1 GMT.

Commenting on the news, Shiti Manghani, CEO of STEPN by FSL, said: “We decided to launch this huge airdrop campaign as a token of gratitude to our most loyal community members and give them priority access to our upcoming mints and other exclusive coins grant.” Reward.

“STEPN is currently in a very exciting phase and has big plans this year to drive our growth and consolidate our leading position in the Move and Earn sector. The next few months mark a pivotal moment for STEPN and we are excited to share this with our most committed supporters.”

Airdrop recipients have until the end of April to claim their rewards, provided several criteria are met. To claim their points, users must sign up for an FSL ID. This allows users to seamlessly interact and reward across the FSL ecosystem, from STEPN to NFT marketplace MOOAR to leading strategy game Gas Hero.

This airdrop is the first of several high-profile announcements from STEPN designed to significantly strengthen its competitive position and reinvigorate the move-and-earn sector. As crypto enters a new market cycle and mainstream interest in innovative fitness and lifestyle solutions is renewed, STEPN is one of the few initiatives bridging the gap between Web2 and Web3.

About STEPN

STEPN is the world's leading move and earn platform, motivating people to stay active. Launched by FSL in 2021, it currently has a user base of 5 million and is among TVL's top applications. By incentivizing exercise with crypto rewards, the app requires users to purchase a virtual sneaker NFT, link their smartphones, and earn rewards by walking, jogging, or running.

For more information, users can visit the official website of STEPN | Twitter | telegram

FSL ID information

FSL ID is a groundbreaking platform in the Web3 space, providing a universal login tool and access to rewards within the FSL ecosystem. By integrating STEPN, MOOAR and Gas Hero, FSL ID introduces a comprehensive rewards system that incentivizes user engagement.

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

ContactPR DirectorRebecca JonesBlock3PR[email protected]

This article was originally published on Chainwire