What is GRASS

Learned by 497 usersPublished on 2024.07.18Last updated on 2024.10.15

1.08

-1.20%

  • Last Price1.08
  • All-Time High0
  • Turnover (24h)5.02M
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Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. What is grass?

Grass is an AI (artificial intelligence) web crawler project based on the Solana network. Here’s an introduction to Grass:

  • Project Background: Grass is an AI web crawler project built on the Solana blockchain, aimed at leveraging blockchain technology and AI for data processing and analysis.
  • Airdrop Activity: Grass announced on the X platform that users are required to connect their Solana wallets on the Grass dashboard before 8:00 AM Beijing time on October 1st to claim the first airdrop rewards.
  • Functional Features: Although specific functional features were not detailed in the provided information, as an AI web crawler project, Grass may involve applications in data collection, analysis, and processing.

In summary, Grass is an AI web crawler project based on Solana that recently conducted an airdrop activity, requiring users to connect their Solana wallets within a specified timeframe to receive rewards.

2. Who founded grass?

According to the provided search results, no information was found regarding the founders of "cryptocurrency grass". The related articles mainly discussed the technical development, auditing, and listing plans for Grass tokens, but did not mention its founders.

3. Which venture capital firms invested in grass?

According to the information provided, the venture capital firms that invested in the cryptocurrency project Grass include:

  1. Polychain Capital
  2. Tribe Capital
  3. Bitscale
  4. Big Brain
  5. Advisors Anonymous
  6. Typhon V
  7. Mozaik

These investment institutions participated in the seed round financing of Grass’s parent company, Wynd Network, with a total amount of $3.5 million.

4. How does grass work?

The operation of the GRASS cryptocurrency is primarily based on the following aspects:

  1. Application Scenarios: GRASS is a blockchain-based cryptocurrency, mainly used to share idle network bandwidth, earning revenue by selling excess network resources of users to third-party clients.

  2. Technical Foundation: The GRASS project claims to use the Layer2 AI decentralised data network concept of the Solana chain, employing ZK Proof technology to process network data requests, with key fragments of the processed results sent to the Solana main chain for validation.

  3. Acquisition Methods: Users can acquire GRASS through the following methods:

  4. Purchase: Buy GRASS on exchanges like Bitget.

  5. Mining: Earn GRASS Points by installing the GRASS Google plugin and sharing idle network bandwidth, which may later convert to appropriate network ownership.

  6. Usage Methods: GRASS can be used for trading, staking, payments, and other scenarios.

  7. Project Status: GRASS is currently in the early testing phase, and no cash-out options have been provided yet; specific information on cash-out thresholds, cash-out channels, and handling fees has yet to be announced.

In summary, the operation of the GRASS cryptocurrency primarily involves earning revenue by sharing idle network resources, and it utilizes blockchain technology and a token reward mechanism to encourage user participation.

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