STEPN will airdrop GMT token rewards worth US$30 million to users
ChainCatcher news, according to The Block, STEPN will airdrop GMT token rewards with a total value of $30 million to users.
It is reported that Stepn is distributing 100 million "FSL" points to users, which can be "one-to-one exchange for GMT tokens" through the Stepn market. The GMT token is currently trading at approximately $0.30, so Stepn’s points distribution is worth approximately $30 million.
Stepn CEO Shiti Manghani said this year’s airdrop is the largest ever. He also said that the airdrop target includes users who hold its NFT and Genesis holders.
Although the airdrop has begun, Stepn has not previously announced the scale of the distribution. The next phase of the airdrop will begin on Wednesday, the company said.
Stepn said FSL points also increase users’ chances of winning exclusive prizes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cobie: Long-term trading
Crypto Twitter doesn't want to hear "get rich in ten years" stories. But that might actually be the only truly viable way.
The central bank sets a major tone on stablecoins for the first time—where will the market go from here?
This statement will not directly affect the Hong Kong stablecoin market, but it will have an indirect impact, as mainland institutions will enter the Hong Kong stablecoin market more cautiously and low-key.
Charlie Munger's Final Years: Bold Investments at 99, Supporting Young Neighbors to Build a Real Estate Empire
A few days before his death, Munger asked his family to leave the hospital room so he could make one last call to Buffett. The two legendary partners then bid their final farewell.
Stacks Nakamoto Upgrade
STX has never missed out on market speculation surrounding the BTC ecosystem, but previous hype was more like "castles in the air" without a solid foundation. After the Nakamoto upgrade, Stacks will provide the market with higher expectations through improved performance and sBTC.
Trending news
MoreCrypto prices
More
