StepN, a move-to-earn lifestyle app utilizing the Solana blockchain, has announced a significant airdrop worth approximately $30 million in FSL points to its users, set to conclude by the end of April.
This initiative aims to reward the platform’s most dedicated users, distributing 100 million FSL points that can be converted into StepN’s GMT token on a 1:1 basis or used for other exclusive benefits within the app.
“We have decided to launch this huge airdrop campaign as a token of gratitude to our most loyal community members,” stated Shiti Manghani, CEO of StepN. The company emphasized the importance of recognizing users who engage deeply with the app, especially those achieving complex milestones.
🚨 100 Million GMT Airdrop COMPLETED 🚨
Dear Genesis holders, your FSL Points airdrop has been sent! ✨
This second airdrop marks the end of our #STEPNTrailblazer event, and we want to reflect on this traditional yearly airdrop, the third one since 2022.
🏆 Badge Airdrop
The… pic.twitter.com/9jmd1Gyh9n— STEPN | Public Beta Phase VI (@Stepnofficial) April 10, 2024
A Dynamic Ecosystem for Active Users
To participate in the airdrop, users need to register for an FSL ID through the developer that manages the StepN ecosystem. The FSL points can also be utilized within StepN’s NFT marketplace Mooar and the strategic game Gas Hero, enhancing the user experience across different facets of the StepN environment.
“The first airdrop of this week, for our Badge Holders, was dedicated to our core players,” StepN explained in their communication. “Those who are truly playing the hard way. For them, we airdropped an FSL Points allocation based on the complexity of their in-app achievements.”
Expanding Utility and Engagement Through NFTs
Launched in 2021 by FSL, StepN allows users to earn by walking, jogging, or running, provided they first purchase a virtual Sneaker NFT and sync it with their smartphones. The rewards, primarily in GMT tokens, reflect the user’s physical activity and can be used within the app to mint new sneakers or upgrade existing ones.
In the in-app marketplace, users can trade or lease their NFT sneakers. The GMT tokens have an inflationary mechanism with a supply cap of 6 billion and a current diluted market capitalization of $1.57 billion, indicating robust economic activity within the app. This ecosystem supports over five million users, making StepN a prominent player in the Web3 lifestyle game sector.
