KuCoin has launched pre-market trading of Grass (GRASS), generating excitement ahead of the upcoming GRASS airdrop. The average pre-market price currently stands at 0.87 USDT, showing a promising trend. With the GRASS Airdrop One scheduled for October 28, 2024, at 13:30 UTC, traders and participants are preparing to secure their positions before the official token launch.
Quick Take
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The GRASS token is currently trading at an average price of 0.87 USDT on KuCoin pre-market.
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For the first Grass Network airdrop, 100 million GRASS tokens—10% of the total supply—will be given out. Those eligible to receive tokens during the Grass airdrop campaign include Alpha testers, GigaBuds NFT holders, and other contributors to the network.
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As per the project roadmap, the GRASS token will be used for governance, staking, accessing bandwidth, and paying transaction fees within the Grass network.
What Is Grass Network (GRASS)?
The Grass Network is designed to change how internet connectivity works by letting users sell unused bandwidth through a decentralized model. This contrasts with traditional networks, where corporations control data and profits. With Grass, users earn passive income while maintaining ownership over their contributions.
The infrastructure includes routers that connect nodes across regions, ensuring low-latency web traffic. Additionally, the network features Live Context Retrieval (LCR) to provide a transparent search experience without advertising interference. This approach aims to build the first user-owned map of the internet by empowering participants through decentralization.
Read more: What Is Grass Network (GRASS) and How to Earn Passive Income from It?
When Is the Grass Airdrop?
Source: Grass Foundation on X
The Grass Airdrop One is scheduled for October 28, 2024, at 13:30 UTC. To be eligible, users must have earned 500 or more Grass Points during any epoch and linked their Solana wallet to the Grass dashboard by October 14, 2024, at 20:00 UTC. This airdrop rewards early supporters and contributors, marking an important milestone in the development of the Grass Network.
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GRASS Airdrop Breakdown and Eligibility
Source: Grass Foundation on X
The Grass Foundation's first airdrop distributes 100 million GRASS tokens, accounting for 10% of the total 1 billion token supply. Allocation details are as follows:
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9% to users with 500+ Grass Points during the Network Snapshot (Epochs 1-7).
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0.5% to GigaBuds NFT holders, with 515 GRASS allocated per eligible NFT.
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0.5% to users who installed the Desktop Node or Saga Application and earned Grass Points.
Eligible participants can check their airdrop allocation using the official Grass eligibility tool. Claiming will open soon, and additional allocations are expected as the network evolves.
Incentive Programs and Future Token Releases
The phased token release strategy ensures sustainable growth, with only 10% of the supply airdropped initially. The remaining 90% will be released periodically, supporting liquidity, staking incentives, and community-building initiatives.
The referral program offers an additional layer of rewards, giving participants 20% of the points earned by their direct referrals. This approach aligns individual incentives with the network’s long-term expansion goals.
GRASS Token Utility
The GRASS token is central to the network’s goal of creating a user-owned internet. Its design ensures a sustainable balance between governance, staking rewards, and bandwidth access.
Key Use Cases
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Governance: Token holders propose and vote on network improvements, determine incentive mechanisms, and align on partnerships.
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Staking Rewards: Users stake GRASS tokens to Routers to facilitate web traffic, earning rewards while contributing to network security. A minimum of 1.25 million GRASS must be staked for each router to become operational.
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Access to Bandwidth: After decentralization, GRASS will serve as payment for transactions across the network, enabling decentralized scraping of public web data.
Users can participate in the Bonus Epoch by downloading the Grass desktop app, connecting their Solana wallets, and earning Grass Points. The referral program offers up to 20% of points earned from referred users, further incentivizing participation and network growth.
GRASS Token’s Price Performance on KuCoin Pre-Market
GRASS pre-market price trends on KuCoin
KuCoin has become a primary exchange for GRASS futures, with pre-market trading starting on October 17, 2024. Here’s a snapshot of the pre-market performance:
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Floor Price: 0.76 USDT
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Highest Bid: 0.67 USDT
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Average Price: 0.87 USDT
Traders are closely monitoring GRASS price trends in the pre-market, preparing for the token’s full launch and upcoming airdrop. The phased token release has fueled speculation while mitigating the risks of market dilution.
When Is the Grass Network (GRASS) Listing Date?
The GRASS token will officially be listed on KuCoin spot trading on October 28, 2024 at 14:00 UTC, after the airdrop. Stay tuned to official channels and KuCoin News for the latest developments surrounding the GLASS token listing and withdrawal timelines.
Read more: Grass (GRASS) Gets Listed on KuCoin! World Premiere!
Rising Fake Airdrops Amid GRASS Token Launch and Airdrop
With the surge in excitement around GRASS, scammers are spreading fake airdrop links across social media. To avoid falling victim to fraud, users should rely only on official announcements from the Grass Foundation or KuCoin. The Grass airdrop eligibility checker is available on the official website, and users are urged to stay vigilant.
Conclusion
The GRASS token launch and airdrop signal the beginning of a major initiative to reshape internet ownership. With a focus on governance, staking, and user empowerment, GRASS is positioned to play a significant role in the decentralized web ecosystem. However, participants should remain cautious, as token dilution and price volatility could impact market stability.
As the October 28, 2024 airdrop approaches, users can stay informed through KuCoin and the Grass Foundation's official channels. It’s essential to trade wisely, check eligibility early, and remain vigilant against scams to fully benefit from the GRASS ecosystem.
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