Grass, a promising new cryptocurrency project, has officially launched, distributing more than 100 million Grass tokens. The entire project runs on an open and decentralized blockchain, making it possible for each and every transaction to be permanently published to an immutable public ledger. Grass has a capped supply of 1,000,000,000 GRASS tokens. The organization’s stated mission is to harness unused internet capacity into a global data collection and AI training infrastructure. Grass released on October 28, 2023. It operates on the Solana Layer 2 (L2) network, known for its rapidity and cost-effectiveness.
Grass network takes advantage of underutilized internet capacity. It then transforms this enormous bandwidth into a powerful, albeit sometimes fragile, resource for scraping public web data. This information is then organized into datasets, something that is essential for training AI models. Grass smartly encourages users to open up their unused bandwidth. Together, this adds up to a revolutionary approach that builds a user-centric model for the internet and rewards everyone for their positive contributions to the network. The project’s architecture and token distribution mechanisms are designed to incentivize long-term participation and stability in the Grass ecosystem.
Token Distribution and Vesting Schedule
Grass has thoughtfully distributed its tokens among key stakeholders to ensure continued development and market stability. We have reserved a large part—10% or 100,000,000 GRASS—to create an adventurous airdrop. This effort is a step toward developing a more user-centered model for the internet. The purpose of this airdrop is to distribute tokens to early adopters and active participants. Most importantly, by doing so, it promotes the mass adoption of the Grass network. The distribution of tokens for the airdrop further demonstrates the project’s focus on developing a community-driven ecosystem.
Special early backers of the project have been assigned 25.2% (252,000,000 GRASS) of the total token supply. This appropriation serves as recognition of the importance of early investments. More importantly, it provides these supporters a huge incentive to see the network’s success. The project places a premium on early backers. The huge appropriation to them in part demonstrates the value placed on their early support and dedication that made Grass possible. This acts as a disincentive for subsequent projects that want to establish a clear, robust groundwork.
We have reserved 17% of the tokens, or 170,000,000 GRASS, for future incentives. This includes a retroactive program to reward early adopters and creators. This allocation is intended to support continuous engagement and creative experimentation in the Grass ecosystem. By rewarding both past and future contributions, Grass seeks to promote an active and engaged community of contributors. This dynamic approach allows the network to continuously grow and shift along with users’ needs.
In terms of who’s involved, core contributors are key to developing and maintaining the Grass network. As primary network stewards, they have been granted 22% of GRASS total supply in tokens (220,000,000 GRASS). This funding not only boosts their bottom line, but acknowledges the vital role these folks have in ensuring the success of the project. We invest heavily in our most active folks. This method leaves them incentivized to improve their performance and help support the network’s growth in the long run. This is a huge testament to the project’s commitment to their team and it shows the value in investing in them long-term.
To avoid market destabilization, Grass decides to adopt a vesting schedule. It employs a 1-year cliff with a subsequent 1-year vesting period for key allocations, which makes it unattractive to sell right after the project launches. Furthermore, many of these allocations have a 1-year cliff and then a 3-year vesting schedule. These token distributions release tokens according to fixed schedules that are pre-established. This strategy stops any big dump-on-the-market sell-off from throwing the nascent market into chaos. This focus raises the level of investment and accountability to the Grass network over the long haul.
Technical Infrastructure and Functionality
Grass also utilizes a permissionless, decentralized blockchain to ensure security and transparency in all transactions. To be clear, blockchain technology does indeed create an immutable and public ledger of every transaction. We find that this rigorous process strengthens trust and accountability among the national network. This decentralized approach helps protect the Grass platform from censorship and manipulation, further making Grass a more resilient, reliable platform. The decision to use a decentralized blockchain for the lottery reinforces the project’s dedication to transparency and security.
The Grass network functions on the Solana Layer 2 (L2) ecosystem. It’s well known for providing extremely fast transaction times and maintaining low transaction costs. With Solana’s L2 solution powering Grass, it gives them the power to process millions of transactions quickly. This flexibility and efficiency combine to make it ideal for a rapidly evolving, high-requirement user base. Grass works hand-in-hand with Solana, benefiting from its strong infrastructure and ecosystem. This partnership represents a big expansion of Grass’s abilities. This important, strategic, and intentional technology choice of blockchain infrastructure allows Grass to scale tremendously and rapidly and continue delivering a simple, easy user experience.
Grass really does change unproductive bandwidth into a useful asset. It scrapes public internet data and augments it into proprietary datasets for AI training. By rewarding users for making their extra internet connection available, Grass builds a distributed network of grassroots data aggregators. These two imperatives conspire to create a network that passively hoovers up terabytes of data throughout the web. It shapes and categorizes this information into useful datasets that can be used to train various AI models. This creative new method of data collection leverages the tremendous vested interest in safety that resides with the network’s users. Consequently, it emerges as an affordable and highly scalable option.
Grass Powering cleaner, smarter AI models with renewable data These generative models can be used in almost any application with a data component. These types of applications, which leverage techniques in natural language processing, computer vision and machine learning are innumerable. By giving developers access to high-quality datasets, Grass allows developers to build more accurate and effective AI models. This can drive innovations across sectors, including healthcare, finance, and education. Putting this data to use to train AI further demonstrates Grass’s ability to lead innovation. It creates wonderful new possibilities.
Market Presence and Community Engagement
Grass has a real-time market cap of $406,130,256 USD and a circulating supply of 243,905,091 GRASS coins. These numbers represent the current market value of GRASS tokens. Further, they raise attention to the level of investor enthusiasm and engagement in the network. The current live market capitalization gives an instantaneous picture of the overall value of the project. Circulating supply tells you how many tokens are currently available for trade. These engagement and growth-related metrics are crucial determinants of the project’s health and overall potential for future momentum.
The project includes a referral program, where new users can earn 2500 points for each successful referral. This new referral program further incentivizes users to spread the word about Grass. It creates a powerful incentive for them to recruit new members into the system. By providing incentives for users to refer their friends, Grass hopes to both grow its user base faster and increase its community of engaged users. The referral program is central to our marketing strategy. Most importantly, it fosters an environment where we can in earnest go about growing an active and engaged user base.
Grass is unabashedly focused on community input and organizing. Furthermore, the project encourages direct participation from its user base in the development cycle. Through various channels, such as forums, social media, and online events, Grass encourages users to provide feedback, share ideas, and contribute to the network's growth. This collaborative approach ensures that the project is aligned with the needs and expectations of its users. Grass is just as committed to cultivating this sense of community. This developer-friendly approach is intended to create a loyal and supportive user base that will put the network on a path to long-term success.
