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STEPN Announces Immediate Airdrop of GMT to Chuangshi Shoe Holders

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On February 19, STEPN tweeted that it would immediately air drop GMT to qualified Chuangshi shoe holders. As STEPN uses the ecosystem fund to carry out this ai…

STEPN Announces Immediate Airdrop of GMT to Chuangshi Shoe Holders

On February 19, STEPN tweeted that it would immediately air drop GMT to qualified Chuangshi shoe holders. As STEPN uses the ecosystem fund to carry out this air drop, all GMTs will be sent to the SOL Spending account of SOL/BNB/ETH users. For non-SOL Realm users, please create a SOL wallet and deposit SOL at this address to pay transaction costs.

STEPN began to airdrop GMT to the holders of Genesis shoes

Interpret the above information:


On February 19, 2021, STEPN announced their decision to immediately air drop GMT tokens to Chuangshi shoe holders who qualify for the airdrop. The airdrop will be carried out by STEPN using their ecosystem fund. It is essential to note that all GMT tokens will be sent to the SOL Spending account of SOL/BNB/ETH users. This means that non-SOL realm users will need to create a SOL wallet and deposit SOL at a specific address to pay for their transaction costs.

Stepn is a blockchain-based social platform designed to suit the needs of the modern creator economy. The platform aims to provide creators with the ideal ecosystem, which allows them to curate their unique communities easily. This move by STEPN to airdrop GMT tokens to qualified Chuangshi shoe holders is a demonstration of their commitment to the community and their intentions to increase engagement.

GMT is STEPN’s native token, used to incentivize community engagement on the platform. GMT holders can utilize the currency to support creators or projects and to access a variety of features and services. To qualify for the current airdrop, Chuangshi shoe holders must hold specific levels of GMT tokens, which will be specified by the company.

It is also essential to note that the airdrop will be funded using the ecosystem fund on the STEPN platform. The ecosystem fund is a tool designed to create a buffer and guarantee against major market fluctuations. Rather than allowing the fluctuations to influence the growth or development of the platform, the ecosystem fund is used to mitigate or nullify potential negative impacts.

In conclusion, this is a significant move by STEPN as it indicates their desire for increased community engagement and their willingness to demonstrate their commitment. To participate in the GMT airdrop, Chuangshi shoe holders that are qualified must hold the required number of GMT tokens specified by the company. Once the airdrop is complete, all GMTs will be sent to the SOL Spending account of SOL/BNB/ETH users. Non-SOL realm users will need to create a SOL wallet and deposit SOL funds into the specific address provided to pay for transaction costs.

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