STEPN Airdropping GMT to Genesis Shoes Holders
On February 17, STEPN officially announced the plan of airdropping GMT to the holders of Genesis shoes on official Twitter, New Horizon Initiative. According t…
On February 17, STEPN officially announced the plan of airdropping GMT to the holders of Genesis shoes on official Twitter, New Horizon Initiative. According to the plan, STEPN will airdrop 4000 GMT for each pair of Genesis grey shoes, 8000 GMT for each pair of Genesis green shoes, 16000 GMT for each pair of Genesis blue shoes, and 32000 GMT for each pair of Genesis purple shoes. The snapshot has been completed at 0:00 UTC on February 12. Only users who hold Genesis shoes in the spending account and have not been put on sale will receive the airdrop. The airdrop will be released in the next few days.
STEPN announced the details of GMT air drop: Genesis shoes need not be sold, and the air drop will be released in the next few days
Interpretation of the news:
On February 17, the blockchain-based project STEPN made an official announcement on Twitter regarding their plan of airdropping GMT (Step Network Token) to the holders of Genesis shoes. Genesis shoes, which are digital collectible sneakers, were created by a partnership between STEPN and K-Swiss earlier in 2020. According to the plan, STEPN will distribute GMT tokens to the holders of Genesis shoes based on the color and rarity of their sneakers. Each pair of Genesis grey shoes will receive 4000 GMT, each pair of Genesis green shoes will receive 8000 GMT, each pair of Genesis blue shoes will receive 16000 GMT, and each pair of Genesis purple shoes will receive a whopping 32000 GMT.
To be eligible to receive the airdrop, users must hold Genesis shoes in their spending account and have not been placed up for sale. The snapshot of the Genesis shoes holdings was taken at 0:00 UTC on February 12, and only those who held the shoes before this date will receive the tokens. The airdrop is expected to be released in the next few days.
This move by STEPN aims to boost the popularity and value of Genesis shoes, which are already in high demand among sneakerheads and collectors. By rewarding those who hold Genesis shoes, STEPN is creating a sense of exclusivity and incentivizing users to hold onto their digital sneakers instead of selling them. Moreover, the airdropping of GMT tokens will also encourage users to participate in the STEPN ecosystem, which is designed to facilitate secure and decentralized social networking.
In conclusion, STEPN’s decision to airdrop GMT tokens to Genesis shoes holders is a strategic move that will benefit both the project and the users. By creating excitement around the digital sneakers and incentivizing users to engage with the STEPN ecosystem, the project is laying the foundation for long-term growth and success.
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