STEPN Launches $30M FSL Points Airdrop Prior to Partnership Reveal

STE𝕻N, the move-to-earn application on web3, has initiated a ‘trailblazer’ airdrop campaign of 100 million FSL Points in anticipation of its upcoming partnership announcement. As disclosed in a press release, this Solana-based non-fungible token (NFT) endeavor plans to distribute the airdrop, valued at $30 million, in two phases, with FSL Points being exchangeable for STE𝕻N’s native GMT tokens.

The 100 Million FSL Points Airdrop

The initial phase of the airdrop focused on STE𝕻N’s Badge Holders, with FSL Points distributed based on the complexity of their completed in-app activities and challenges.

In the second phase, Genesis Sneaker holders received FSL Points corresponding to the duration of their ownership, acknowledging their loyalty and sustained engagement with the app.

Holders of FSL Points have two options for their use: they can convert these points to GMT tokens on the STE𝕻N marketplace or retain them to purchase tickets for Raffle Mints in future events and upcoming partnerships.

“We’ve chosen to kick off this significant airdrop campaign as a gesture of appreciation to our most dedicated community members, granting them priority access to our forthcoming mints and other exclusive rewards,” stated STE𝕻N CEO Shiti Manghani.

This campaign signifies the third annual airdrop since its inception in 2022. Over the course of the three events, the app has distributed 235 million GMT tokens.

Eligible airdrop recipients have until April 29 to take action. Failure to claim their rewards by the deadline will result in the loss of allocated tokens.

Upcoming Partnership with World’s Best-Known Brand

The release also hinted at the app’s forthcoming partnership with “one of the world’s most renowned sports brands.”

“STEPN is currently at an incredibly thrilling phase,” Manghani remarked. “With significant initiatives slated for this year to accelerate our expansion and solidify our top spot in the move-and-earn domain.”

“These upcoming months represent a crucial juncture for STEPN, and we’re excited to unveil this to our most devoted supporters,” the CEO expressed.