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STEPN Launches $30 Million Airdrop Ahead of Major Global Partnership

April 10, 2024

April 10, 2024 – Sydney, Australia

Move-and-earn lifestyle app STEPN has launched an airdrop campaign that will see the distribution of 100 million FSL points, equivalent to $30 million.

These are redeemable one-to-one 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, 2024.

  • Phase one – STEPN badge holders, who can earn FSL points via achievements completed within the STEPN app

  • Phase two – 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 one FSL point equaling one GMT.

Commenting on the news, Shiti Manghani, CEO of STEPN by FSL, said,

“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 2024 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 Web 2.0 / Web 3.0 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 five 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 links below.

About FSL ID

FSL ID is a pioneering platform in the Web 3.0 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 the website.

Contact

Rebecca Jones, PR director for Block3PR

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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