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DeFi News

Grass Network Goes Live with $GRASS Token Distribution

Written By Jalpa Bhavsar Jalpa Bhavsar
Fact Checked by Dhara Chavda Dhara Chavda
Published October 28, 2024 9:44 PM·Updated 2 years ago
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Grass Network Goes Live with $GRASS Token Distribution

The Grass network has gone live, and the Grass Foundation has announced that the distribution of the $GRASS token has officially begun.

Grass Network Goes Live
Grass Network Goes Live, Source: Twitter

Eligible participants can now claim their tokens following the recent snapshot, which recorded over 125,000 wallets. The claiming window opened shortly after the announcement, allowing users to check their eligibility and claim their tokens based on their portfolio and snapshot position.

The claiming window will close at block 312762760, which is expected to occur around January 15, 2025.

Grass is a layer 2 data rollup built on the Solana blockchain. It is designed to accelerate AI development by transforming data acquisition and processing. It utilizes a decentralized network of web scraping nodes operated by residential users, enabling efficient and secure data collection while supporting up to 1 million transactions per second. 

The distribution of $GRASS tokens has begun, incentivizing participants to contribute to data scraping and processing.

Additionally, the launch of the Airdrop Points Program encourages user referrals and active participation, rewarding them with Grass Points that can be redeemed for $GRASS tokens, thereby fostering a vibrant ecosystem for AI training and data integrity.

Also Read: Tomarket Plans to Launch its $TOMA Token Oct. 31st

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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