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Genesis Shoes Holders to Receive GMT Airdrop

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On February 15, STEPN said in the official Twitter Space event that it would directly air drop GMT to the holders of Genesis shoes. 4000 GMT for grey shoes, 80…

Genesis Shoes Holders to Receive GMT Airdrop

On February 15, STEPN said in the official Twitter Space event that it would directly air drop GMT to the holders of Genesis shoes. 4000 GMT for grey shoes, 8000 GMT for green shoes, 16000 GMT for blue shoes and 32000 GMT for purple shoes. The snapshot time is 8:00 Beijing time, February 12, 2023.

STEPN will airdrop GMT to the holders of Genesis shoes

Analysis based on this information:


STEPN, a blockchain-based project focused on sneakers, announced on February 15 during the official Twitter Space event that they would directly conduct an airdrop of GMT to the holders of Genesis shoes. GMT is a token that serves as a utility and governance coin for the STEPN ecosystem. The airdrop will provide 4000 GMT for grey shoes, 8000 GMT for green shoes, 16000 GMT for blue shoes, and 32000 GMT for purple shoes.

Genesis shoes are the first smart sneakers utilizing blockchain technology on the STEPN platform. These limited edition shoes are designed with a unique QR code on the back to allow owners to verify their authenticity and collectible status. STEPN aims to create a new market for sneakers, where design, technology, rarity, and ownership are valuable aspects.

Snapshot time is a measure of time when blockchain calculations are taken to determine ownership of tokens. In this case, the snapshot time for Genesis shoes is set at 8:00 Beijing time, February 12, 2023. Holders of Genesis shoes who owned them at the time of the snapshot will receive the corresponding amount of GMT airdropped to their wallets after the event. This move incentivizes Genesis shoe holders to keep and hold their shoes, thereby increasing the value of the shoes and the STEPN ecosystem.

This airdrop is not the first time that STEPN has rewarded its stakeholders. The project had earlier conducted a successful airdrop of STEPN tokens and other rewards to its community members. These airdrops not only incentivize existing stakeholders but also attract new participants to the project.

In conclusion, the airdrop of GMT tokens to Genesis shoe holders is a strategy by STEPN to build a strong and engaged community around its ecosystem. By providing incentives to its stakeholders, the project aims to increase the value of its ecosystem and establish itself as a leader in the sneaker market.

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