Today we're covering everything you need to know about grass, what it is, how it works, and why people are talking about it right now. And if you're thinking about buying grass or just curious about what all the hype is about, read till the end, we'll even get into some price predictions and what the future might hold for this platform.
Table of Contents
What is Grass?
So what is grass and why should you care? Let's start with the basics. Grass is a platform where you can earn money by sharing your unused internet. Instead of letting that idle bandwidth go to waste, grass lets you connect with businesses and research groups who need it and are actually paying you for it.
How big is grass already?
Grass has a network of over 2 million people already sharing their bandwidth and are collecting 60,000 gigabytes of data every day. With this scale, grass has enough data power to train big AI models like GPT 3.5. This means that grass isn't just an idea, it's a fully operating network that's already doing some pretty heavy lifting. Grass also attracted considerable funding, with its last series A round valuing the company close to 1 billion dollars.
This valuation signals strong backing from investors who see significant potential in Grass's decentralized approach to internet bandwidth sharing and data aggregation. Grass's valuation aligns it with similar decentralized infrastructure projects, where valuations typically range between 800 million and 1 billion dollars. Now these funds are likely allocated to the development and scaling of the platform, supporting network growth, ecosystem enhancements, and the R&D needed to keep the platform competitive and secure.
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What Makes Grass Different
So, through all of this, what makes grass different? Grass uses something called a data roll-up system, which sounds technical, but here's what it means. It lets Grass gather data from across the web, clean and organize it, and then deliver updates in real-time to the AI models that need them. Plus, grass has a feature called live context retrieval (LCR), which pulls in the latest info for AI, helping models be more accurate and up to date.
Grass Tokenomics
So let's talk about how the grass tokens work and the grass tokenomics. Grass token (grass), has a total supply of 1 billion tokens, but they're not all just hitting the market at once, here is how they're divided. 30% of the tokens are for the community, think rewards, incentives and ways to keep users engaged and active on the platform.
25.2% of tokens go to investors, but here is the catch. These tokens are locked for the first year and then gradually released over the following year. 22% of tokens are set aside for the team and future participants.
These also come with a one-year lock and a three-year vesting period, ensuring the team is committed long term. 22.8% goes to the grass foundation for things like network upgrades, partnerships, and community growth projects. This setup means grass is playing the long game. They're not flooding the market with tokens all at once, which can help keep the value steady over time.
Grass Airdrop
So let's talk about the launch and Grass airdrops. Grass is committed to bringing in a broad community and they're starting off with airdrop 1, which will give away 100 million grass tokens and that's 10% of the total supply to early users. With over 2.5 million nodes, this could be one of the most widespread airdrops we've seen in a while. Grass will also be listed on major exchanges like Bybit and Mexi.
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Grass Price Prediction
So let's talk about some price predictions and market expectations. When we look at other projects in this space, we see fully diluted valuations between 800 million and 1 billion dollars. So some are predicting grass could see a similar range between 0.8 and 1.3 dollars once it's out there. But as with any launch, we could see price fluctuations in the first few days.
In a nutshell, grass is trying to flip the internet model on its head, rewarding regular people for sharing resources they're already paying for. By decentralizing internet use and putting control into users' hands, the grass is creating a unique system that values transparency and responsible data sharing.
So if you're considering investing or want to earn from your idle internet bandwidth, grass could be worth looking into.