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Grass airdrop was launched but was "reverse-charged"? A look at the details and token valuation

BlockBeatsBlockBeats2024/09/05 04:09
By:BlockBeats

The total supply of GRASS tokens is 1 billion, of which 10% is allocated for the first airdrop.

Original title: "Grass airdrop query is online, can my electricity bill be recovered?"
Original author: Asher, Odaily Planet Daily


This morning, Grass (commonly known as Xiaocao in the community) posted on the X platform announcing that the token airdrop query has been launched (Click here to jump to the airdrop query link). The query page only reflects the distribution of the test Alpha season and seasons 1-7, excluding the ongoing reward season and the distribution to be announced. The total supply of GRASS tokens is 1 billion, of which 10% is for the first airdrop. The detailed airdrop distribution is as follows:


· Test Alpha Season: 1.5%;

· Seasons 1-7: 7%;

· Reward Season (currently): 0.5%;

· To be announced: 1%.


"Xiao Cao" is also a very popular project for airdrops during this period. Therefore, as soon as the token query news came out, major "Glass" communities became lively all of a sudden, and users who participated in the interaction went to check the number of tokens they received, but followed by various grievances on social media:


"5.8 GRASS, am I reading it right? It's a total anti-looting. Is there anyone who has less than me?"


"I created a bunch of accounts in batches, but how come I only got dozens of coins for 100 million points? How is it calculated?"


"I started promoting it from the first season, and invited a total of 101 friends to participate. My computer was down for almost a year, and I often used VPN during this period. I only had one account, with a total of more than 7 million points, but only 63 were airdropped. GRASS, it’s not even enough to pay for electricity, it’s amazing.”


“Xiao Cao successfully reversed, I am an online beggar, I am a clown.”



A screenshot of a community member’s query


It can be said that on social media, whether it is individuals with single numbers or studios that do bulk coin-pocketing, almost all of them are complaining that the number of Xiao Cao’s airdropped tokens is too small and full of resentment. Next, Odaily Planet Daily will take you to a brief understanding of the Grass project, over-the-counter price situation and other information.


Grass Project Introduction



Image Source: Official Push


Grass is the first project deployed on Solana that combines AI, Depin, and Solana technologies, and is positioned as the data layer for AI. As a decentralized network, Grass aims to provide the data needed for AI model training by accessing the public network. This makes Grass an important part of the AI data layer as it expands to clean and prepare structured data sets, laying the foundation for its foundation in the field of AI.


According to ROOTDATA data, Grass has completed secondary financing with a total amount of US$4.5 million, namely:


· In July 2023, Grass announced the completion of a US$1 million Pre-Seed round of financing, with No Limit Holdings, Big Brain Holdings, Builder Capital, Cogitent Ventures, Kyle Samani, Neel Somani, Rahim Noorani and others participating in the investment;


· In December 2023, Grass announced the completion of a US$3.5 million seed round of financing, led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V and Mozaik.


Over-the-counter price


Currently, Grass tokens are not listed on the well-known over-the-counter trading platforms AEVO and Whales Market. Whales Market has only previously launched the over-the-counter market for Grass points. With the release of the token airdrop news, its over-the-counter price has fallen sharply, now reported at $0.00015 per point, a 24-hour drop of nearly 40%.


Grass points over-the-counter price K-line


Currently, the community spontaneously organized OTC situation, there is a buy order at 0.2-0.25 US dollars, but according to community feedback, sellers do not seem to be willing to trade at such a low price, and some sellers want to sell at around 0.5 US dollars.


A community OTC price list


Therefore, if sold at 0.5 US dollars per coin, the number of airdrops queried by most users is concentrated between 10-100 pieces, and the airdrop reward of about 5-50 US dollars is obtained, which is a "pig foot meal".


It is worth mentioning that the NFT project GigaBuds, which was launched by Grass stealth, did not fall after the release of the token airdrop query message, but rose slightly, temporarily reporting 2.472 SOL, a 24-hour increase of 12.18%. Of the 10% of tokens in the airdrop, 1% of the tokens are currently officially given as "to be announced", so the price of GigaBuds has risen instead of falling, perhaps because they expect that this 1% will be given to NFT holders.


GigaBuds NFT K-line chart


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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