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STEPN launches $30M airdrop ahead of major global partnership

Published 04/10/2024, 10:00 AM
Updated 04/10/2024, 10:30 AM
STEPN launches $30M airdrop ahead of major global partnership

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

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.”

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.

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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

ContactPR DirectorRebecca JonesBlock3PRrebecca@block3.pr

This article was originally published on Chainwire

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