Comprehensive overview of Grass Network (GRASS): Key Insights Revealed
In the ever-evolving world of cryptocurrencies, a new player is making waves with its commitment to environmental sustainability - GRASS. This innovative digital coin, built on the Solana network, aims to bridge sustainability within the digital economy.
GRASS was designed with a unique approach, setting itself apart from well-known cryptocurrencies like Bitcoin and Ethereum. The coin's creators have prioritised environmental considerations, ensuring that its mining project consumes relatively low energy, aligning with its mission.
The GRASS ecosystem has a fixed supply of one billion GRASS tokens, assuring the network's long-term sustainability. The distribution of these tokens is as follows:
- The first GRASS airdrop granted 10% (100,000,000 GRASS) of the total supply.
- A 25.2% (252,000,000 GRASS) allocation is meant for early supporters, with a 1-year cliff followed by another 1-year vesting period.
- The community allocation within the GRASS ecosystem is 30% (300,000,000 GRASS).
- The final 22% (220,000,000 GRASS) allocation is for core contributors, with a 1-year cliff followed by a 3-year vesting schedule.
- 3% (30,000,000 GRASS) of the total supply is allocated to incentivise routers promoting efficient bandwidth traffic and reduced latency.
- The GRASS project allocated 22.8% (228,000,000 GRASS) to the foundation for managing and supporting initiatives directed by the project's decentralized autonomous organization (DAO) governance.
- A 17% (170,000,000 GRASS) allocation is dedicated to a retroactive program for rewarding early contributors and creators.
As of writing, the Grass coin was trading at around $1.65 per token. The GRASS token ranks at position #135 with a live market cap of $406,130,256 USD and a circulating supply of 243,905,091 GRASS tokens.
GRASS aims to achieve its environmental goals by sharing idle internet bandwidth through data collection and AI development. Token holders can share their unused internet resources and earn GRASS tokens, becoming part of the emerging digital economy.
The GRASS ecosystem has a native digital wallet designed specifically for storing GRASS tokens and granting access to its eco-rewards system. To buy GRASS, consider using compatible crypto exchanges like Guarda, Bitget, HTX, Gate.io, Bybit, or decentralized platforms.
In summary, GRASS is a promising new cryptocurrency that combines the power of blockchain technology with a commitment to environmental sustainability. By promoting green initiatives and encouraging eco-friendly practices, GRASS is set to make a significant impact in the digital economy.
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