STEPN Airdrops $30 Million Worth of FSL Points to Users
A lifestyle app called STEPN, which operates on the Solana blockchain, has announced a massive airdrop campaign, distributing 100 million FSL points valued at approximately $30 million to its users. The FSL points can be redeemed at a 1:1 ratio for the app’s GMT token and can also be utilized in upcoming nonfungible token (NFT) mints, offering users the opportunity to obtain exclusive prizes.
A Token of Gratitude
Shiti Manghani, the CEO of STEPN, expressed gratitude to the app’s most loyal community members by launching this substantial airdrop campaign. The first airdrop, dedicated to Badge Holders, was specifically aimed at rewarding core players who have demonstrated dedication and achievement within the app.
Claiming and Using FSL Points
To claim the FSL points, users are required to sign up for an FSL ID, which is managed by the developer responsible for the STEPN ecosystem. Once obtained, users can utilize the FSL points in the ecosystem’s NFT marketplace, MOOAR, and the strategy game Gas Hero. The airdrop campaign is set to continue until the end of April, providing users with an ongoing opportunity to benefit from this initiative.
Understanding STEPN and its Rewards System
Created in 2021, STEPN offers users the ability to earn rewards by engaging in physical activities such as walking, jogging, or running. Upon purchasing a virtual Sneaker NFT and linking their smartphones, users become eligible to receive rewards in the form of GMT tokens. These tokens, which have a supply cap of 6 billion and a current diluted market capitalization of $1.57 billion, can be earned through physical activity and subsequently used to mint new sneakers or progress within the app’s game.
Marketplace and In-App Wallet
Within the app’s marketplace, players have the option to lease or sell their NFT sneakers, with their GMT revenues being stored in the in-app wallet. This wallet also features a built-in swap function, providing users with additional flexibility in managing their earnings and assets within the STEPN ecosystem.
Significant User Base
With a user base exceeding 5 million, STEPN has garnered a substantial following, indicating a strong level of engagement and interest in the app’s unique rewards system and offerings.
Conclusion
STEPN’s airdrop of $30 million worth of FSL points to its users, in conjunction with the ability to redeem these points for GMT tokens and utilize them in NFT mints and exclusive prize opportunities, serves as a testament to the app’s commitment to rewarding its loyal community members. As the airdrop campaign continues throughout April, users have the opportunity to further engage with the app’s ecosystem and benefit from its innovative approach to incentivizing physical activity and user participation.
📎 Source reference: cointelegraph.com
