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Binance-Listed Altcoin Decides to Distribute $30 Million Airdrop to Holders! Listed below are the Phrases

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Health cryptocurrency app Stepn introduced that it’ll airdrop bonus factors equal to $30 million in GMT tokens. The corporate is distributing 100 million “FSL” factors to its customers, which might be exchanged for GMT tokens on a 1-to-1 swap foundation via the Stepn market.

GMT tokens are at the moment buying and selling at round $0.30, whereas the overall worth of Stepn’s level distribution is estimated to be round $30 million, in keeping with CoinMarketCap. “As a result of now we have workspace, now we have stability as a enterprise and we can provide that again to customers,” mentioned Stepn CEO Shiti Manghani.

This 12 months’s airdrop, described by Manghani because the “largest ever,” is being distributed to wallets and Genesis NFT holders which have held the corporate’s NFTs the longest. The airdrop, which began a number of days in the past, had not beforehand disclosed the overall measurement of the distribution. The subsequent section of the airdrop is scheduled to start at present.

In February final 12 months, Stepn organized an airdrop that rewarded Genesis sneaker NFT homeowners with GMT tokens. Eligible wallets obtained $1,800 to $14,400 price of tokens per NFT throughout the airdrop.

In keeping with the corporate’s assertion, FSL factors may also improve customers’ probabilities of acquiring particular rewards. In keeping with the announcement, the airdrop comes forward of a soon-to-be-announced partnership with one of many world’s most well-known sports activities manufacturers. Stepn beforehand introduced partnerships with Asics shoe firm and Athletico Madrid skilled soccer membership.

*This isn’t funding recommendation.

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