Grass Crypto: Definition, How it Works, Tokenomics, and Its Founders

Bittime - Since launching the Airdrop program, quite a few have been looking for an understanding of Grass crypto, including tokenomics and how it works. The following will explain everything about the GRASS token.

In an increasingly sophisticated digital era, data collection is the backbone of the development of artificial intelligence (AI). However, this practice often faces a number of problems such as data bias and ethical issues. 

Grass, a crypto project based on Solana blockchain technology, comes as a solution by combining decentralized infrastructure (DePin) to collect, verify and distribute web data transparently.

What is Grass?

Grass is Layer 2 protocol which allows users to share unused internet bandwidth via apps or browser extensions. In this way, Grass collects web data ethically and transparently to support AI development. Users earn points in return which can later be converted into GRASS tokens.

Grass technology utilizes Validators, Routers, and Grass Nodes to ensure the data collected is authentic and secure. This data is then stored in a blockchain-based “data rollup” that provides proof of its authenticity and integrity.

How Grass Works

Grass combines several elements:

1. User Contributions: Users share bandwidth via an app or browser extension.
2. Decentralized Scraping: Grass Nodes collects data from various sources to ensure an unbiased view of the internet.
3. Data Verification: Data is verified via Sovereign Data Rollup which records scraping activity on the blockchain.
4. Data Distribution: Verified data is used for AI training and development.
5. Rewards System: Users are rewarded with points or GRASS tokens for their contributions.

Tokenomics GRASS

With a total supply of 1 billion tokens, GRASS has the following allocation:

• Community Initiative: 30% (300 million tokens).
• Early Investors: 25.2% (252 million tokens).
• Ecosystem Development: 22.8% (228 million tokens).
• Core Contributor: 22% (220 million tokens).

Since its launch, GRASS has achieved a market capitalization of more than $770 million (Rp. 12.47 trillion). This token is listed on various major exchanges such as OKEx, KuCoin, and Bitget. Users can also stake GRASS with APR 47,43%, where 25.29 million tokens have been staked so far.

Who is the Founder of Grass?

Grass is led by Andrej Radonjic and his team at Wynd Labs, with funding support from major investors such as Polychain Capital and HackVC. This project continues to develop with big targets in 2025, including the launch of the mobile application and the Live Context Retrieval (LCR) feature.

Conclusion

With a vision to democratize data collection, Grass is at the forefront of AI-based crypto innovation, offering solutions to major challenges in modern AI development.

FAQ 

What is Grass Crypto?

Grass is Layer 2 protocol which allows users to share unused internet bandwidth via apps or browser extensions. 

What is the GRASS token supply?

With a total supply of 1 billion tokens.

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Reference

DataWallet, What is Grass?, Accessed January 5, 2025

GetGrass, Grass, Accessed January 5, 2025

CoinMarketCap, Grass Coin, Accessed January 5, 2025