The STEPN team will distribute 100 million FSL bonus points to users, which will be converted into a native M2E project token after the airdrop is completed. This was announced by representatives of the company in an interview with The Block.
FSL can be exchanged for GMT through the application's trading platform at a ratio of 1:1. At the time of writing, the asset is trading at about $0.3, which means the volume of distribution will be ~ $30 million.
The 15-minute GMT/USDT chart of the Binance exchange. Data: TradingView."This year's airdrop is the largest in history. It is awarded to badge holders, which will reward the smallest and largest users. Genesis participants who hold our NFTs for the longest period of time also apply for distribution," said STEPN CEO Shichi Mangani.
The first stage of the distribution has already been completed, although the company has not announced the amount of funding before. The next phase will begin on April 10th.
STEPN noted that FSL points can "increase [users'] chances of receiving exclusive prizes." According to Mangani, the airdrop is taking place ahead of "a partnership with one of the most famous sports brands, which will be announced soon."
"This year, major plans are being worked out aimed at accelerating our growth and strengthening our leading position in the Move-to-Earn sector," the head of the company added.
Created on the basis of the Solana and BNB Chain networks, the STEPN game gained popularity in the spring of 2022. It allows you to receive rewards in GST and GMT tokens for walking or running. To do this, users need to purchase sneakers in the form of NFT.
https://forklog.com/cryptorium/chto-takoe-stepnOn April 8, 2024, the project developers announced in X that STEPN users had traveled a total of 295 million km — a distance 760 times greater than from Earth to the Moon.
295,000,000 kilometers run with STEPN🏃
Together, we have traveled more than 760 times the distance from the Earth to the Moon. While travelling this distance we burned the equivalent of 36,000,000 burgers.
Yes, we are big. And yes, we will keep growing.
And you, how many… pic.twitter.com/l0vwYtCMFP
Recall that in May 2023, the STEPN developers added the possibility of direct payment via Apple Pay. Later, the corporation's music service was integrated into the application.
In July, the company behind the project, Find Satoshi Lab, distributed 2 million GMT as part of the promotion of the new Gas Hero game.