Fitness app Stepn is airdropping bonus points worth a total of $30 million of GMT tokens, the company told The Block.

Stepn is distributing 100 million "FSL" points to users. FSL points can be "swapped for GMT [tokens] via the Stepn marketplace" in a 1-for-1 in exchange, the company said in a statement. With GMT tokens currently trading hands at about $0.30, according to CoinMarketCap, Stepn's point distribution is worth about $30 million.

"Since we have the runway, we have the stability as a business we are able to give it back to the users," Stepn CEO Shiti Manghani told The Block. "This year's airdrop is the biggest ever ... it is given to badge holders which reward the smallest to the biggest users and its given to the Genesis holders who have held our NFTs for the longest periods."

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