STEPN, a popular lifestyle app in Web3, is conducting an airdrop event distributing 100 million FSL Points – equivalent to $30 million – redeemable for GMT tokens.

This airdrop precedes a forthcoming partnership announcement with a renowned sports brand on the horizon. The Solana-based NFT endeavor will run the airdrop in two phases, concluding today - Wednesday, April 10.

In Phase 1, STEPN badge holders who accomplish achievements via the app earn FSL Points, while Phase 2 rewards Genesis Sneakers holders with loyal users standing a chance to garner more substantial rewards. These points enable users to participate in upcoming STEPN mints and enhance their opportunities to win exclusive prizes. Furthermore, FSL Points can be exchanged for GMT tokens at a ratio of 1:1 on the STEPN marketplace.

CEO of STEPN by FSL, Shiti Manghani, expressed gratitude to the community through the airdrop campaign, offering priority access to upcoming mints and exclusive rewards to steadfast users. The significant plans in-store for STEPN this year are anticipated to catalyze growth and reinforce the platform's position in the move-and-earn industry, marking a crucial phase in its journey.

Recipients of the airdrop have until April's end to claim their rewards, subject to meeting specific criteria. Users must register for an FSL ID to access rewards and engage seamlessly within the FSL ecosystem covering STEPN, the NFT marketplace MOOAR, and the strategy game Gas Hero. This airdrop is a prelude to STEPN's upcoming announcements that aim to bolster its competitive stance and invigorate the move-and-earn sector.

STEPN, launched by FSL in 2021, currently holds a user base of 5 million and ranks among top TVL applications. By incentivizing physical activity with crypto rewards, STEPN encourages users to purchase virtual Sneaker NFTs, sync their smartphones, and earn crypto through daily movement.