STEPN will airdrop GMT token rewards worth 30 million dollars to users

ChainCatcher news, according to The Block, STEPN will airdrop GMT token rewards worth a total of 30 million dollars to users.

It is reported that Stepn is distributing 100 million "FSL" points, which can be "exchanged for GMT tokens on a one-to-one basis" through the Stepn marketplace. The current trading price of GMT tokens is approximately 0.30 dollars, so the value of Stepn's point distribution is about 30 million dollars.

Stepn CEO Shiti Manghani stated that this year's airdrop is the largest ever. He also mentioned that the airdrop targets include users holding its NFTs and Genesis holders.

Although the airdrop has already begun, Stepn had not previously disclosed the scale of the distribution. The company stated that the next phase of the airdrop will begin on Wednesday.

Stepn noted that FSL points can also enhance users' chances of obtaining exclusive prizes.