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Fitness cryptocurrency app Stepn announced that it will airdrop $30 million worth of bonus points equivalent to GMT tokens. The company is also distributing 100 million “FSL” points to its users, which can be exchanged 1:1 for GMT tokens on the Stepn marketplace.

According to CoinMarketCap data, GMT tokens are currently trading at around $0.30 and the total value of Stepn's point distribution is estimated to be around $30 million. “As a business, we have the opportunity to give our stability back to our users because this is our line of work,” said Stepn CEO Shiti Manghani.

Manghani called this year's airdrop the "biggest ever" and noted that it will be distributed to wallets and Genesis NFT holders that have held the company's NFTs the longest. The airdrop started a few days ago and its total size has not been disclosed before. The next phase is scheduled to start today.

In February last year, Stepn held an airdrop that rewarded Genesis sneaker NFT owners with GMT tokens. Eligible wallets received between $1,800 and $14,400 worth of tokens per NFT during the airdrop.

It is stated that FSL points can increase users' chances of obtaining special rewards. The airdrop reportedly comes ahead of the announcement of a close partnership with one of the world's leading sports brands. Stepn previously announced partnerships with Asics shoe company and Atletico Madrid professional football club.

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