STEPN’s Airdrop Plan for Genesis Shoes Holders

02/17/2023 12:11 • AI & Tech Insights • 84 views

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, STEPN announced its plan for airdropping GMT to the holders of Genesis shoes via its official Twitter account, New Horizon Initiative. The airdrop plan is based on the color and rarity of the shoes with 4000 GMT being airdropped for each pair of grey shoes, 8000 GMT for green shoes, 16000 GMT for blue shoes, and 32000 GMT for purple shoes.

The snapshot for the airdrop was completed at 0:00 UTC on February 12, and only users who have Genesis shoes in their spending account and haven’t sold them yet will be eligible for the airdrop. The airdrop will be released in the coming few days.

This announcement creates an opportunity for Genesis shoe holders to benefit from the airdrop of GMT. This initiative has incentivized people to hold onto their Genesis shoes and wait for the airdrop, which in turn can increase the demand for these shoes. Moreover, the airdrop of GMT can potentially increase the price of the token and generate interest in the STEPN project.

The Genesis shoes are part of the STEPN ecosystem, which aims to create a decentralized, community-driven, and socially responsible marketplace powered by blockchain technology. The shoes are limited-edition collectibles that represent different values and personalities, and are designed to create a sense of exclusivity and excitement within the community.

This airdrop is a way for STEPN to reward its loyal supporters and create further interest in the project. They are using the airdrop method to distribute GMT tokens, which allow users to participate in their platform and earn rewards through staking, voting, and providing liquidity.

In conclusion, this initiative by STEPN to airdrop GMT tokens to the Genesis shoes holders can lead to increased demand for the shoes, generate interest in the STEPN project, and reward the loyal supporters of the platform. It will be interesting to see how this airdrop impacts the STEPN ecosystem and the overall cryptocurrency market.

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