STEPN Rewards Genesis Shoe Holders with GMT Airdrop

02/17/2023 12:11 • Tech Trends • 115 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

Analysis based on this information:

The cryptocurrency community was abuzz as STEP Network (STEPN) officially announced its plans to airdrop GMT to the holders of Genesis shoes. This exciting development was made known through the project’s official Twitter account, New Horizon Initiative, on February 17.

According to the announcement, STEPN had already completed a snapshot at 0:00 UTC on February 12, which will determine the number of GMT airdrops to be given to the holders of Genesis shoes. It was also revealed that the airdrop would be distributed in the next few days, making many Genesis shoe holders anticipate the reward.

The mechanism of the airdrop rewards Genesis shoe holders based on color. Holders of the Genesis grey shoes will receive 4000 GMT, while those with Genesis green shoes will receive 8000 GMT. Holders of the more premium Genesis blue shoes are set to receive 16000 GMT, and the highest reward of 32000 GMT will be given to those with Genesis purple shoes.

It should be noted that only users who hold Genesis shoes in the spending account and haven’t put them on sale will receive the airdrop. This requirement was put in place to prevent buyers who buy and sell quickly from taking advantage of the air-drop system.

Air-dropping GMT to Genesis shoe holders is an innovative way of rewarding early adopters who supported STEPN’s initial project launches. Additionally, it highlights the importance that STEPN places on its community and the value it places on supporting and rewarding them. Furthermore, it incentivizes more people to hold onto Genesis shoes to receive the valuable GMT reward, boosting holding demand.

Overall, this airdrop plan is an example of how cryptocurrency projects can increase engagement among the community while rewarding users for their loyalty. With Genesis shoe holders set to receive their GMT reward within the next few days, it is clear that this announcement was one worth anticipating.

In conclusion, the STEPN project has shown an interesting way of promoting cryptocurrency projects and incentivizing its community through rewarding early community adopters. This innovative way of incentivization is a right step in the way forward in the global crypto community, and projects can learn from STEPN’s creative method of engaging with the community.

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