The recent airdrop announcement by the move-to-earn project STEPN has led to a price decrease in its native token, Green Metaverse Token (GMT). As per CoinMarketCap data, GMT is currently trading at $0.29, showing a 6.5% decrease in the last 24 hours. However, GMT trading has increased by 31% to $124.5 million during the same period.

STEPN is a gaming project created on the Solana and BNB Chain networks, gaining popularity in the spring of 2022. Users can earn rewards in GST and GMT tokens by walking or running in the game. To participate, users need to purchase NFT sneakers.

The STEPN project team has announced a giveaway of 100 million FSL bonus points, which can be converted into GMT tokens at a 1:1 ratio. Currently, the distribution volume of this asset is around $2.9 million.

The distribution of points for the airdrop will be based on the ownership duration of the digital NFT Genesis sneakers. There will be three levels of distribution based on ownership duration: over 24 months, 12-24 months, and 6-12 months. Eligible users must have their sneakers in their account without being listed for sale at the time of the snapshot on April 7. Additionally, users must have utilized at least two “energies” within 30 days before April 3 to qualify for the airdrop.

Stay updated with news related to STEPN and GMT to make informed investment decisions in the cryptocurrency market.

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