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
Bitcoin bulls favored in $22.6B BTC monthly options expiry, but bears still lurk
OranjeBTC Bitcoin Purchase Hits $385M in Latin America
Native Markets Launches USDHL Stablecoin on Hyperliquid with Surging Initial Volume
In Brief USDHL, developed by Native Markets, launched on Hyperliquid with strong initial trading. The stablecoin is backed by cash, U.S. Treasury securities, and issues on HyperEVM. USDHL aims to retain liquidity and support ecosystem growth within Hyperliquid.
Pyth announces the launch of Pyth Pro: Reshaping the market data supply chain
Pyth Pro aims to provide institutions with a transparent and comprehensive data perspective, covering all asset classes and geographic regions in global markets, eliminating inefficiencies, blind spots, and rising costs in the traditional market data supply chain.
Trending news
MoreCrypto prices
More
