STEPN, the renowned move-and-earn lifestyle app, has initiated an extensive airdrop initiative to distribute 100 million FSL Points, equivalent to USD 30 million, among its community members. This strategic move precedes a forthcoming partnership announcement with “one of the world’s most recognized sports brands.
The airdrop unfolds in two phases and concludes on Wednesday, April 10th. Initially, the focus lies on STEPN badge holders, acknowledging their accomplishments within the app. Subsequently, the second phase rewards Genesis Sneakers holders, offering enhanced benefits to the most committed users.
This latest airdrop marks the culmination of our #STEPNTrailblazer event, marking the third traditional yearly airdrop since 2022. These FSL Points afford participants the opportunity to engage in future STEPN mints and heighten their chances of securing exclusive prizes.
Notably, FSL Points are convertible to GMT, STEPN’s native token, at a 1:1 conversion rate. This not only augments the value of these points but also facilitates user participation in upcoming mints and exclusive rewards within the STEPN marketplace. Furthermore, recipients are required to claim their rewards by April’s end, meeting specific criteria such as registering for an FSL ID.
Since its inception in 2021 by FSL, STEPN has amassed a user base of 5 million by amalgamating physical activity with cryptocurrency incentives. Users can acquire virtual Sneaker NFTs and earn rewards by monitoring their physical activities through the smartphone app. This innovative approach has garnered widespread acclaim, positioning STEPN as a trailblazer in the move-and-earn domain.
This airdrop campaign marks the onset of several significant announcements from STEPN, all geared towards solidifying its competitive stance in the market. Moreover, with the cryptocurrency industry entering a new phase and interest in fitness solutions integrating blockchain technology on the rise, STEPN stands poised to capitalize on this burgeoning trend.
Shiti Manghani, CEO of STEPN by Find Satoshi Labs, conveyed the company’s gratitude to its devoted community members through this airdrop endeavor. “We have opted to launch this extensive airdrop campaign as a token of appreciation to our most steadfast community members, granting them priority access to our forthcoming mints and other exclusive rewards.