The Grass Network’s airdrop, “Airdrop One“, will distribute 100 million GRASS tokens to early users on October 28, 2024. Grass Airdrop and Listing marks a significant step in creating a user-controlled, decentralized network for sharing bandwidth and contributing to AI-driven data. Here’s a complete guide to understanding the airdrop details, eligibility criteria, token use cases, listing information, and rewards structure.
The Grass Airdrop Overview: Key Details and Eligibility Requirements
The $GRASS token’s Network, operating on Solana, aims to decentralize web bandwidth and data sharing by incentivizing user contributions through its native token, GRASS. With a total supply of 1 billion tokens, Airdrop One will distribute 10% (100 million GRASS) to early network participants, including those running nodes and holding GigaBuds NFTs. This decentralized approach lets users control online data, participate in network governance, and support AI data requirements through shared bandwidth.
To qualify, users must meet specific criteria by earning 500 or more Grass Points during any epoch (a set timeframe within the network). Points are earned through activities such as:
- Running a Node: Participating as a node operator ensures network uptime and security.
- Referrals: Bringing new users into the Grass Network increases user tier positioning.
- Holding GigaBuds NFTs: Specific NFTs grant automatic eligibility and additional rewards.
$GRASS Token Utility: Governance, Staking, and Bandwidth Sharing
The GRASS token is designed as a core utility within the Grass ecosystem, enabling users to engage in various aspects of network governance and receive rewards. Token holders can participate in governance processes, propose and vote on network improvements, and engage in staking to earn rewards for helping secure the network. Key token utilities include:
- Governance Participation: Users can vote on network updates, organizational partnerships, and incentive models.
- Staking for Rewards: GRASS tokens can be staked to routers within the network, helping facilitate web traffic and contributing to network security.
- Bandwidth Sharing for AI Data Processing: GRASS tokens enable decentralized data scraping and internet bandwidth sharing, empowering AI developers to access data for model training.
Grass Airdrop and Listing.. Token Distribution and Listing Events
GRASS will be listed on multiple prominent exchanges, including Bybit, MEXC, KuCoin, and Bitget, to celebrate the airdrop, allowing for broader access to the token. The listings are scheduled as follows:
| Event | Date | Details |
|---|---|---|
| Airdrop Claim Date | October 28, 2024 | The claim starts at 1:30 PM UTC |
| Trading Start | October 28, 2024 | Trading available on Bybit, MEXC, KuCoin, Bitget |
| Deposit Rewards | October 28 – November 8, 2024 | New user rewards for deposits and trading on Bybit |
| NFT Holder Reward | October 11, 2024 Snapshot | 515 GRASS per eligible GigaBuds NFT holder |
| Total Airdrop Amount | 100 million GRASS (10% total) | Distributed based on Grass Points, node uptime, referrals |
Each platform offers various trading incentives, including GRASS prizes and rewards for new users who meet certain deposit or trading volumes. This multi-platform listing is expected to provide a significant liquidity boost for GRASS, enabling both short-term trading and long-term holding.
How to Participate in Airdrop One and Earn Rewards
For those interested in earning GRASS, here’s a step-by-step guide to participating in Grass Airdrop and Listing and maximizing potential rewards.
- Check Eligibility: Visit the official Grass airdrop checker to confirm eligibility.
- Complete Tasks:
- Deposit and Trade on Bybit: For new users, completing a deposit and trading 100 USDT worth of GRASS grants additional rewards.
- Hold a GigaBuds NFT: Each NFT entitles the holder to a bonus of 515 GRASS tokens if not listed during the snapshot.
- Trade GRASS on Exchange Platforms: From October 28, eligible participants can begin trading GRASS on supported exchanges to access exclusive trading rewards.
Participation on several exchanges allows users to take advantage of prize pools, where rewards are based on trading volume or deposit levels during the airdrop event period.
Dive Deeper:
The upcoming GRASS airdrop is a major milestone for the Grass Network, supporting its vision to democratize control over the internet by decentralizing bandwidth sharing.
