As the dynamic cryptocurrency space evolves constantly, new projects and digital assets enter the market almost daily. Among the latest entrants that have created a buzz is GRASS, a unique cryptocurrency designed to tap the unreached potential of the cryptocurrency ecosystem.

But what is Grass, and how exactly different is it from other digital assets? This article is a beginner’s guide on the essentials of GRASS, its potential benefits, and how you can join the bandwagon by trying this innovative cryptocurrency. Welcome on board!                               

What is Grass?

GRASS, also known as Grass coin, is a relatively new cryptocurrency built on the Solana network designed to bridge sustainability within the digital economy. Launched on October 28, 2024, Grass aims to achieve this by sharing idle internet bandwidth through data collection and artificial intelligence (AI) development. The developers aim to harness the power of blockchain technology to introduce eco-friendly practices and make it the first choice for environmentally friendly investors.

Grass is designed to transform idle bandwidth into a resource that scraps public web data and structures it into data sets that can be used for AI training. Using this dynamic approach, individuals will be allowed to contribute to the emerging artificial intelligence ecosystem while earning rewards for their contributions. 

GRASS thrives on environmental sustainability or green initiatives, unlike regular cryptocurrencies like Bitcoin, Ethereum, and others whose major selling points are decentralization and transaction security. A percentage of daily transactions made on the grass network are earmarked for funding sustainable projects like forest conservation and clean energy research. This new approach has created a buzz within the cryptocurrency ecosystem, with many investors seeking to join the now viral trending cryptocurrency project.  

Benefits of Grass        

The GRASS token introduces several benefits, especially surrounding its ability to enable users to monetize their idle internet bandwidth while participating in the nascent crypto ecosystem. By supporting AI training data development, GRASS promotes environmental protection by contributing towards green initiatives. Among the tangible benefits of Grass includes:

• Monetization of Unused Bandwidth: Token holders can share their unused internet resources and earn GRASS tokens, becoming part of the emerging digital economy. This feature introduces a new income stream for individuals seeking passive income.   
• Decentralized AI Development and Data Access: GRASS facilitates the development of practical AI applications by aligning user incentives that allow early adopters to reap the rewards of participating in the network’s growth and earning while helping maintain market stability.
• Environmental Responsibility: GRASS has distinguished itself from other crypto networks by dedicating a portion of its profits towards funding environmental initiatives and helping build a future sustainable financial model.  
• Community-Driven Ecosystem: GRASS boasts an active community-driven ecosystem where users play an integral role in the network’s growth and development. The project thrives on transparency and user ownership, further deepening the sense of community engagement. 
• Sustainable Futuristic Outlook: The project is built on the fast and efficient Solana Layer 2 (L2) network, which guarantees fast transactions and greater user privacy. Moreover, the fixed supply of one billion GRASS tokens assures the network’s long-term sustainability.
• Potential for Growth: While the Grass crypto project is still new, it has shown potential for growth as interest in sustainable investments increases. A new breed of investors is looking for projects that can display balancing profit with purpose, a demand the GRASS meets effectively.

Check out our in-depth analysis about Grass potential listing on Binance.

How does Grass Work?

Like all other cryptocurrency projects, GRASS runs on a decentralized blockchain where a permanent record of every transaction is recorded on an immutable public ledger, ensuring security and transparency. Nonetheless, the grass network differs from others due to its inbuilt eco-friendly character.

Investors can earn an extra GRASS token whenever they participate in an environmental sustainability program initiated by the platform, such as supporting renewable energy programs or planting trees.

Also, compared to other high-energy crypto projects like Bitcoin, GRASS runs a relatively low-energy mining project that aligns with its environmental mission. Moreover, the project has a native digital wallet designed specifically for storing GRASS tokens and granting access to its eco-rewards system.

How it Works:

• Users willing to share their idle bandwidth connect their device and become a Grass Node.
• Verified AI developers within the Grass network use the bandwidth to access and process data for its AI project.
• A validator verifies the transaction and guarantees the integrity of the data ledger.
• The system’s ZK processor covers the data transaction to ensure it is secure and private.
• The platform rewards users and validators with GRASS tokens.

Key Security Features of Grass Network 

The Grass network doesn’t take user security and privacy for granted. It employs various advanced security features, including:

• Zero User Data Collection Policy: Instead of collecting personal data, the network only collects public web data without accessing private browsing history or sensitive user information.
• Fraud Prevention: Grass constantly warns users about potential phishing attempts, including fake Grass airdrop links that have recently appeared on social media.
• Independent Security Audits:  Working with external state-of-the-art cybersecurity providers, the firm audits its network regularly to detect and eliminate potential vulnerabilities.           

The Ecosystem of GRASS       

GRASS runs via a network of lightweight nodes operating on users’ devices. These nodes utilize their unused internet bandwidth to collect and transmit public web data to create structured data sets for AI training.

The network achieves this by leveraging idle internet to collect raw data through Socrates, an in-house AI development tool developed by Wynd Labs, which converts the data into readable format. In this case, GRASS acts like an AI data repository that furnishes data to connected AI platforms seeking training for their specific models.

The first step involves GRASS Nodes, acting as an internet gateway, relaying designated traffic from the client and directed by validators. The nodes earn rewards based on how they perform depending on their reputation score besides the amount of data they will have relayed successfully.     

The GRASS ecosystem has validators who verify web transactions and generate Zero-Knowledge (ZK) proofs to guarantee data integrity. Grass currently uses a centralized validator system, but according to its website, it plans to transition to using a decentralized committee of validators in the future to enhance security and decentralization. Validators are also responsible for collecting and batching session data proofs and submitting them to the network, where an immutable record of all processed data within the blockchain is created.

The system manages data flow through routers that connect Grass Nodes to Validators, ensuring that traffic is encrypted and measured. The routers are rewarded based on the amount of bandwidth they validate and maintaining a high network uptime to remain active. Integrating routers, validators, and nodes enables the Grass networks to collect, verify, and process large amounts of data, an integral component of training AI models. The following are the essential components you need to remember:

• GRASS Tokens: GRASS is the native token of the Grass ecosystem that facilitates transactions, rewards network users, and powers the network’s functionalities.
• Grass Nodes: They are the backbone of the network, comprising devices or gadgets that users sharing their internet bandwidth operate.
• Validators: Users who verify transactions while maintaining network consensus to guarantee data integrity.  
• Zero-Knowledge (ZK) Processor: A technology that promotes privacy and security by securing data transactions while keeping sensitive user information under wraps.  

GRASS Tokenomics

The GRASS network aims to foster community engagement by incentivizing contributors to facilitate the project’s sustainable growth within the crypto space. The ecosystem has a total fixed supply of 1,000,000,000 GRASS tokens, with a well-planned distribution strategy aiming at different stakeholders.

The project’s tokenomics model has carefully balanced incentives among stakeholders to ensure the project thrives through innovation and collaboration. The project’s tokens are carefully locked for specific periods to strike a balance between promoting stability and empowering users and contributors. The collaborative approach aims to secure the project’s immediate future besides laying a strong foundation for its viability within the crypto space.   

GRASS Token Utility

The Grass token (GRASS) is designed as the primary utility within the Grass network ecosystem, mainly as a reward system for users sharing their bandwidth besides incentivizing participation. In addition to the rewards, the token facilitates governance and contributes to the network’s development. The functions of the token include:  

• Bandwidth Sharing Incentivization: Users are rewarded using GRASS after sharing unused bandwidth for participating in building a decentralized internet infrastructure.
• Enabling Governance: GRASS holders can participate in the project’s governance and vote on decisions and proposals.  
• Staking Rewards: Users can stake GRASS and earn passive income.
• Transaction and Payment: GRASS is meant to make payments and transactions within the network.

Grass Token Supply & Allocation      

• Community: 30% (300,000,000 GRASS) of the GRASS ecosystem is allocated to the community, which is the cornerstone of the project’s long-term vision. This is designed to empower users to engage meaningfully.
• Future Incentives: A 17% (170,000,000 GRASS) allocation is dedicated to implementing a retroactive program that will reward early contributors and creators for providing valuable tools and content.
• Airdrop One: The first Grass airdrop was granted 10% (100,000,000 GRASS), the largest airdrop allocation ever since it’s essential in establishing a user-centric model for the internet. The goal is to distribute tokens widely and enable more users to participate in the platform’s early growth.
• Router Rewards: 3% (30,000,000 GRASS) of the token amount is allocated to incentivize routers whose business is to promote efficient bandwidth traffic and reduced latency.
• Foundation and Ecosystem Growth: The GRASS project allocated 22.8% (228,000,000 GRASS) to the foundation, which will manage and support all initiatives directed by the project’s decentralized autonomous organization (DAO) governance.
• Early Investors: A 25.2% (252,000,000 GRASS) allocation is meant for early supporters. It features a 1-year cliff and another with a 1-year vesting period to stabilize the market and discourage immediate sell-offs.
• Contributors: The final 22% (220,000,000 GRASS) allocation is for core contributors. It has a 1-year cliff followed by a 3-year vesting schedule, guaranteeing a long-term commitment to the project’s success.

How to buy GRASS

Are you considering an investment in GRASS? The process is simple, as shown below:

• Step 1: Choose a Compatible Crypto Exchange: GRASS is a new crypto token, so not many exchanges or crypto wallets support it. You may want to consider a platform like Guarda, Bitget, HTX, Gate.io, Bybit, or any other that has already listed the coins. The alternative is to consider a decentralized platform that you can trust.  
• Step 2: Fund Your Account Once: The next step is to set up a crypto wallet and fund your account. Depending on the exchange, you can accomplish this by using your bank card or linking your account. It’s always prudent to compare crypto prices to ensure you’re getting a fair deal.
• Step 3: Create a GRASS Account: Once you have funded your account, you need to search for GRASS on the exchange, review its current crypto prices, and create a GRASS crypto wallet.

Grass Price History    

According to historical price data by CoinMarketCap, the price of GRASS was $1.57, with a 24-hour trading volume of $35,707,777. However, the price has been quite volatile for most of the month, having reached an all-time high of $3.43 at one point. Currently, the token ranks at position #135, with a live market cap of $406,130,256 USD and a circulating supply of 243,905,091 GRASS tokens. The Grass all-time high ever recorded was $3.89, while the all-time low was $0.655. At the current trading price, the token is sailing at 57.56% below its best price and 152.22% above its lowest price ever.

Grass Points Valuation

When writing, the grass coin was trading at around $1.65 per token, meaning that an investor with at least 1,000,000 GRASS points would be worth $10,000. However, note that the token’s price fluctuates and changes without notice. According to a recent post on Binance, GRASS points were sold for an average price of $0.004 per GRASS, especially on the Whales Market. Airdrop allocations, points, and tokens are traded in this renowned decentralized OTC exchange.  

How to Earn Grass Points for Potential Airdrop

The initial Grass airdrop registered remarkable success after becoming the most widely distributed airdrop ever on the Solana network after attracting over 2.8 million subscribers from over 190 countries. The project allocated over 100 million GRASS tokens for distribution.

Following the success of the first stage, the project has launched a second-stage Grass airdrop with new features and greater rewards. During this phase, at least 17% of the GRASS supply is allocated for future incentives, including 50% more rewards than in the initial stage.

The following is a step-by-step guide on participating in Stage 2:

• Registration: Visit the Grass.io and register using your email address and password to create an account; Click on the “Connect” button.
• Installation: Download the extension browser to install the necessary components. Alternatively, you can install a Desktop Node but if you’re using a mobile gadget, it’s advisable to use Mises or Kiwi browsers.
• Complete Authentication: Verify your email address and connect you wallet.

How to Maximize Your Grass Rewards

You can maximize your earning potential during Stage 2 by:

• Run Multiple Components: Consider using the Desktop Node and browser extension to ensure your connection remains active.
• Referral Program: You can refer friends and earn 2500 points for every successful referral. As points accumulate, you can also receive 20% of referred users’ points by sharing your referral code widely.
• Engagement Strategies: Increase your chances of earning more rewards by actively participating in the Grass community activities, maintaining a regular network connection, and remaining updated with company announcements.  

Conclusion      

The future of the Grass network and other green crypto projects looks bright at a time when there are increasing demands for sustainable digital asset developments. As more and more people join environmental awareness movements, the appeal for eco-friendly cryptocurrencies such as this one for sharing unused bandwidth is expected to grow. The stage seems set for GRASS to become a market leader in this niche by successfully blockchain technology and environmental stewardship.

The adoption rate may increase as ongoing crypto news leads to greater public awareness of the project’s environmental impact. However, for this to happen, GRASS must remain committed to its eco-friendly initiatives and seek to expand its network to potentially enlarge its user base and become the go-to crypto for investors with environmental sustainability in mind. However, always conduct your own research before making a crypto investment.              

FAQs               

Who is behind Grass?

The Grass network is the brainchild of Wynd Labs, a blockchain development company that secured $3.5 million during the project’s seed funding. Polychain Capital and Tribe Capital were lead investors.

How much is a GRASS token worth?

At the time of writing, the GRASS token is worth about $1.65, has a market capitalization of around $428.80 million, and has a 24-hour trading volume of $44.93 million.                 

Is GRASS a good coin?       

GRASS is currently displaying bullish sentiment, meaning there’s some potential for short-term gains if the upward momentum remains constant.

Is Grass Network safe?          

The Grass network is generally safe because it is designed with security and privacy in mind. No one can access users’ activity or personal data.

How do you earn money using Grass?      

You earn money with Grass by sharing your unused bandwidth. All you need to do is download the Grass app or install the extension, connect either of them to your internet, and start earning bonus points, which you could convert into GRASS tokens. The project also runs a multi-level referral program that enables you to earn a percentage of the points any of your referrals earn.

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