Shift-to-earn exercise Stepn has launched a $30 million airdrop marketing campaign, with developer Uncover Satoshi Lab distributing 100 million FSL factors to players greater than a weeklong occasion that mainly commenced previous 7 days and finishes Wednesday.
The factors are redeemable 1:1 for Stepn’s native GMT token minted on Solana. The airdrop is being executed in two phases, the initially focusing on Stepn achievement badge holders who could make FSL elements by way of in-app achievements. The second interval will give attention to gratifying holders of Genesis Sneakers NFTs. Attained particulars should be claimed by the shut of April.
“We’ve got decided to launch this enormous airdrop marketing campaign as a token of gratitude to our most devoted neighborhood clients, offering them with priority entry to our impending mints and different unique rewards,” acknowledged Uncover Satoshi Lab CEO Shiti Manghani, in a launch.
Stepn is a cell conditioning exercise that advantages players for getting out within the surroundings and managing or strolling. Finish customers who particular person sneaker NFTs for the match can generate crypto rewards. The match seen surging demand earlier than lengthy proper after its begin once more in 2022, however the worth of the NFTs and crypto rewards has fallen considerably provided that then.
Find Satoshi Lab additionally teased an approaching partnership with “simply one of many world’s most effective-acknowledged sporting actions producers,” in accordance with the press launch, nonetheless there’s no signal of when that purported deal can be launched.
“Stepn presently finds alone at a extremely thrilling juncture, with key concepts within the pipeline this yr to supercharge our development and cement our main placement within the go-and-earn sector,” Manghani added. “The longer term few months mark a pivotal second for Stepn, and we’re thrilled to share this with our most devoted supporters.”
The charge of the GMT token has dipped as a result of reality the announcement to only beneath $.29, placing the full present worth of the airdrop nearer to $29 million. All spherical, GMT is down nearly 10% in extra of the previous 24 hours, per information from CoinGecko.
Editor’s remember: This brief article was printed with the steerage of AI. Edited and actuality-checked by Andrew Hayward.
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