Launched in 2022, GRASS has rapidly become a standout blockchain protocol, blending decentralized finance with sustainability, allowing users to support environmental causes while benefiting from DeFi rewards.
Today, we will cover the following topics:
- About Grass
- How does Grass work?
- Key Features
- Technical Analysis
- Why is GRASSThe Coin of the Week?
About Grass (GRASS)
What is Grass?
Launched to bridge the gap between decentralized networks and AI data generation, Grass (GRASS) enables users to monetize their idle internet bandwidth.
By joining the platform, participants contribute to a decentralized system that collects public web data, helping build comprehensive AI datasets. With over 3 million users, Grass has established itself as a key player in decentralized AI infrastructure.
Grass fosters a user-owned knowledge graph, redefining how public data is collected and utilized in AI applications.
This innovative approach ensures that users are not just consumers but also stakeholders in a system that rewards them for their contributions.
Dig deeper into Grass whitepaper.
GRASS Tokens
The GRASS token underpins the Grass Protocol, driving governance, staking, and transactions within its ecosystem. With a capped supply of 1 billion tokens, its allocation supports community incentives, ecosystem development, and long-term sustainability.
Token Allocation
Community (30%): Rewards for engagement through airdrops, staking, and incentives.
Early Investors (25.2%): Allocated to initial backers with a vesting schedule.
Foundation (22.8%): Supports ecosystem growth and partnerships.
Contributors (22%): Reserved for developers and key contributors.
Governance and Staking
GRASS empowers holders to influence the protocol's development through voting while offering staking opportunities to earn passive income and reinforce the network’s growth.
Sustainable Tokenomics
A phased release strategy ensures stability, aligning supply with network needs and supporting liquidity, rewards, and governance.
How does Grass work?
The Grass Ecosystem is a decentralized network designed to leverage idle internet bandwidth for AI model training, emphasizing transparency, efficiency, and privacy.
Here’s how it works:
Grass Nodes
Grass Nodes form the foundation of the ecosystem, allowing users to share unused bandwidth in exchange for GRASS tokens. These nodes relay public web data, which is anonymized and structured into datasets for AI training. Node operators are rewarded based on their activity and performance, fostering an incentivized community.
Zero-Knowledge Processor
The ecosystem incorporates a Zero-Knowledge (ZK) processor to ensure privacy and integrity. By bundling data with ZK proofs, the network validates data origins without exposing sensitive information. This technology guarantees the reliability and verifiability of datasets used for AI training, mitigating risks like data poisoning.
Data Ledger
Grass employs a dedicated Data Ledger as a permanent repository for all datasets collected by the network. This ledger captures metadata for each dataset from its origin, ensuring transparency and traceability. It supports open-source AI initiatives and enhances user trust by providing an immutable record of data provenance.
Solana Layer 2 Solution
Built on Solana as a Layer 2 solution, Grass benefits from Solana’s high-speed settlement layer and scalability. This setup enables the network to process large-scale web scraping operations efficiently, ensuring smooth data collection and processing.
Privacy-Preserving Browser Extension
Grass utilizes a lightweight browser extension that harnesses idle bandwidth while maintaining user privacy. No personal data, such as browsing history or emails, is collected or stored. The extension operates anonymously, channeling bandwidth solely for data relay without accessing sensitive information.
Key Features and Use Cases
AI Development and Data Democratization
The GRASS ecosystem empowers AI developers by providing access to structured, high-quality datasets collected through user-contributed bandwidth. By leveraging decentralized technology, GRASS makes it possible for smaller developers to access the same level of data resources typically reserved for large corporations, promoting innovation and competition across the AI landscape.
Decentralized Data Integrity
GRASS operates with a decentralized architecture that prioritizes security and transparency. Developers can obtain reliable datasets without depending on centralized entities, ensuring data integrity and user control. This decentralized model minimizes risks associated with data manipulation and centralized oversight.
Monetizing Unused Bandwidth
GRASS offers users the ability to monetize their idle internet bandwidth, creating a novel income opportunity. By participating in the network, users earn GRASS tokens in return for their bandwidth contributions, making it a simple and accessible way to benefit from the digital economy.
Zero-Knowledge Security Measures
GRASS incorporates advanced Zero-Knowledge (ZK) processors to enhance data privacy and security. These processors generate immutable proofs and log session data onto the blockchain without revealing sensitive information, ensuring that all datasets remain verifiable and tamper-proof.
Enhanced Platform Security
GRASS ensures user safety through a combination of advanced security practices. The network exclusively collects public web data, guaranteeing that personal or sensitive information remains untouched. To maintain high security standards, GRASS collaborates with independent cybersecurity firms for regular platform audits, addressing potential vulnerabilities proactively.
Technical Analysis
According to our latest altcoins market outlook, altcoins have been surging significantly while BTC and ETH remain range-bound. This is a clear signal that we are in an altcoin season.
GRASS also participated in the rally, nearly reaching its all-time high. For the bulls to maintain control, a breakout above the $3.8 mark is essential.
In the meantime, as it retests the lower bound of the range, we will be watching for opportunities to enter short-term long positions again.
Why is GRASS The Coin of the Week?
Grass stands out for its innovative approach to leveraging decentralized physical infrastructure for AI applications. Its dual focus on user empowerment and technological advancement has positioned it as a pioneer in the DePIN sector.
With over 2.5 million participants, a strong market presence, and growing adoption, Grass represents the intersection of decentralized networks and real-world applications.
From a technical analysis perspective, GRASS has demonstrated significant strength, nearly reaching its all-time high and outperforming 80% of altcoins.
Discover more exciting projects and ecosystems in our other Coin of the Week articles!
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