Grass price
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Dive deeper into Grass
GRASS is the native token of the Grass project. Grass is a decentralized platform that rewards individuals for joining up as node operators and selling their unused internet bandwidth. The surplus bandwidth is used to scrape unstructured public web data, which is organized and sold on to train AI models.
How does Grass work?
In the simplest terms, Grass operates using nodes, validators, and routers, alongside other technologies. Grass nodes manage users' unused bandwidth and relay traffic to allow the network to scrape public data. Users run the nodes, and they're free to operate. These node operators are currently rewarded in Grass points, but the reward system will change to GRASS tokens once the asset launches. In the network, routers connect Grass nodes to the validators. Here, routes pass on bandwidth while making sure nodes are accountable. Validators, meanwhile, receive, verify, and batch router transactions. ZK proofs are used to checkpoint session data onchain, improving the network's efficiency.
How are GRASS tokens earned?
Once the GRASS token is released, users of the platform can earn GRASS by signing up and selling their surplus bandwidth, as the platform intends. With staking also possible on the platform, it's users may also be able to earn additional GRASS tokens with this method at some point. A referral program also currently exists to allow users to earn more Grass points. This may be another avenue for users to earn GRASS tokens.
GRASS price and tokenomics
The GRASS token has not yet been released, and so data on GRASS prices is not available. However, the project has announced the first airdrop of assets to early users. GRASS will have a total supply of 1 billion tokens, with 10% set aside for the first airdrop. The project is built on Solana's Layer-2 architecture, granting network users the advantage of lower transaction costs. On the network, the GRASS token will be used for staking, governance, and paying transaction fees.
About the Grass founders
Grass was co-founded by Andrej Radonjic, who also acts as CEO. Chris Nguyen, the Chief Technology Officer of Wynd Network, also plays an important role in the project. Wynd Network is an important contributor to the Grass network.