Key Takeaways
- At 13:30 UTC on October 28, the grass airdrop is scheduled to take place.
- 100 million tokens, or 10% of the entire supply, will be distributed by grass.
- The pre-market price of Grass is currently between $0.82 to $1.10.
Starting on October 28, Grass (GRASS) will be accessible on leading exchanges, including KuCoin, Gate.io, Bybit, OKX, and others.
In order to be eligible for the airdrop, users could verify their Points balance on September 4th, according to Grass. The project released additional information on October 21 and called this token distribution Airdrop One.
Information about the grass airdrop
In addition to a closed alpha and an extra bonus stage, Grass has organized the airdrop into seven different eras.
15 million GRASS will be distributed during the closed alpha stage, which will release the most tokens. Five million tokens will be distributed by the bonus period, while the subsequent eras will each distribute ten million.
There are nine layers in each period. Participants in airdrops can earn points through participation and referrals, which are used to rank them in tiers.
Participants that earned grass points during the first stage will receive 9% of the 10% of tokens reserved for the airdrop. Owners of the GigaBuds NFT collection and users who installed the Desktop Node and Saga application will receive the remaining 1%, which will be divided equally between them at a rate of 0.5% each.
How Much Should I Expect?
The GRASS pre-market purchase price is between $0.82 and $1.10, according to Bitget. Pre-market selling prices, meanwhile, range from $0.01 to $0.79.
The price of tokens usually fluctuates a lot during the first few days of trading. For instance, we recently reported that Scroll’s (SCR) price fell 20% on its first trading day, possibly as a result of community dissatisfaction with the company’s distribution strategy.
Users can donate their internet bandwidth for AI training through Grass, a new decentralized finance (DeFi) project on the Solana (SOL) blockchain. This bandwidth can then be sold to developers.
Users must install a specific application that establishes a shared network in order to take part. Staking is another usage for the GRASS token.
