Grass is a protocol that allows you to share your idle Internet bandwidth for a chance to receive airdrops from the project. Let’s explore Grass in detail and how to hunt for airdrops from this project with Bnbfaucets.top!
What is Grass?
Grass is a DePIN project that enables users to earn passive income by sharing their Internet bandwidth with companies training AI.
Your reward for sharing bandwidth is Grass Points, which will be used as criteria for the project’s future airdrop distribution.
Bandwidth refers to the capacity for transmitting data over the Internet. It is measured in bits per second (bps). Today, computer bandwidth can reach millions of bits per second (Mbps) or even billions of bits per second (Gbps).
The project is also collaborating with Solana Phone – Saga to integrate the application on mobile devices. Additionally, they have announced a partnership with Alignment Lab AI, a company that develops Large Language Models (LLMs).
Project Team
Currently, the development team behind Grass is entirely anonymous. However, the project is backed by Wynd Network – a decentralized Web Proxy network.
The only identified individual is Andrej Radonjic, co-founder of Wynd Network and Grass. He holds a Master’s degree in Mathematics and Statistics from York University and a Bachelor’s degree in Engineering Physics from McMaster University.
Investors and Partners
The project has raised $4.5 million over two funding rounds:
– Pre-Seed: Grass raised $1 million led by NoLimit Holding alongside other funds like Eclips, Bigbrain Holdings, and Satori.
– Seed: The project secured $3.5 million led by Polychain Capital and Tribe Capital, with participation from funds like Mozaik and Big Brain Holdings.
What is Grass’s Product?
Grass currently acts as the data layer for AI, with infrastructure consisting of two main components:
– Grass Node: Allows users’ devices to contribute unused Internet bandwidth for AI development.
– Sovereign Data Rollup: Includes a network of nodes, routers, validators, ZK processors, and data ledgers. This network facilitates sourcing and converting data, transforming unstructured web data into structured datasets.
How to Get Airdrops from Grass
To have a chance to receive airdrops from Grass, you must participate in the project as a bandwidth provider. In exchange, you will earn reward points that can be redeemed for tokens at the project’s TGE (Token Generation Event).
At the time this article was published, the Grass reward points were trading between $0.0004 and $0.0007, corresponding to $400-$700 for 1 million reward points.
To become a bandwidth provider and earn airdrops from Grass, follow these steps:
Step 1: Register for an account on the Grass website
Fill in all required information; it’s advisable to use a secondary email since you may need to sell it later for OTC transactions.
Step 2: Install the extension
In this step, you have two options: install the Grass Chrome Extension with basic mining speed or the Grass Community Node with a speed of 1.25x. Since it requires more software downloads and permissions for the app, the Grass Community Node will have more risks involved. Please consider carefully before participating!
Step 3: Access the Grass download page and log in to begin the installation
For the Grass Chrome Extension, simply download the app from the store. You can find the direct download link here.
For the Community Node, follow the process outlined in the link. The steps are summarized as follows:
1. Download the Grass Community Node file as shown below.
2. Unzip and run the Grass Config file.
3. Open the extension settings to install the Grass Community Node. Enable developer mode. Then drag and drop the .crx file from the unzipped folder to activate the app.
After installation, open the app in the extension section. Log in, and you should see a screen similar to the one below.
Note:
– You can earn additional mining points by inviting friends. The reward points earned will be calculated in tiers of 20%, 10%, and 5%. For example, if you invite person A, who invites person B, who invites person C, the points you receive will be 20% from person A’s mining, 10% from person B’s, and 5% from person C’s.
– The invited individuals must accumulate at least 100 hours of mining, verify their emails, and not be marked for fraud before you receive any points.
– After installation, please verify your email and wallet. Otherwise, you will not receive tokens if the project airdrops.
– To avoid account locking and missing airdrops, ensure you use only one account while connecting to different Wi-Fi networks, do not use multiple accounts on one Wi-Fi, do not exploit the referral mechanism, and avoid using a VPN.
– Although the project commits not to use or interfere with personal information, only utilizing bandwidth to access public websites, there are still risks when installing Grass. Therefore, consider using a separate Chrome profile to avoid unintended issues like exposing your private keys, wallet hacks, etc.
Tokenomics
Information about Grass Token
– Token Name: Grass
– Blockchain: Solana
– Ticker: GRASS
– Contracts: Updating…
– Total Supply: 1 billion GRASS
– Exchanges: OKX, Bybit, Gate.io, Kucoin…
Token Allocation & Token Unlock
1 billion GRASS will be allocated as follows:
– Future Incentives: 17%
– Airdrop One: 10%
– Router Incentives: 3%
– Foundation & Ecosystem Growth: 22.8%
– Investor: 25.2%
– Contributors: 22%
In the first year, 250 million Grass will be in circulation. The project has not yet announced the token release schedule for the remaining tokens, so there is limited data available for assessment.
6.3 Token Use Cases
Grass Token will be used for:
– Staking
– Paying network fees
– Governance
– Rewards for community node operators
Development Roadmap
The project has not yet announced a detailed development roadmap; however, below are the milestones they are aiming for:
- The network will officially launch once they overcome the challenges posed by current algorithms.
- The next goal is to launch applications on Android and iOS to expand the network.
Additionally, here are some significant achievements they have reached:
- New Interface: They have created a new, more intuitive, and user-friendly interface.
- Open Access: Currently, the project only allows new participants to join the network through referral links. They will soon remove this barrier to expand the network.
- The network has over 80,000 individuals downloading the Grass application and nearly 1 million residential IPs participating through the referral program.
Opportunities and Risks
Opportunities:
– Free and easily accessible to the public.
– Sharing bandwidth will not cause lag for users.
– The team is actively working, and with Polychain Capital being a significant fund in the market, we have reason to hope for valuable contributions to the project from this experienced fund.
Risks:
– The project’s revenue from bandwidth mining from users is still unclear.
– Due to its easy accessibility, the large number of participants can lead to smaller rewards being distributed.
Conclusion
Above, Bnbfaucets has provided some basic information about the DePIN project on the Solana network. With simple operations and easy accessibility, Grass Points are also being traded at a high price, and Grass promises to create a buzz in the near future.
