Grass Airdrop on October 28

The Grass Airdrop, scheduled for October 28, will deliver GRASS tokens to early contributors and community members.

With a fixed supply of 1 billion GRASS tokens, the distribution seeks to grow the Grass community, incentivize participants, and encourage decentralized engagement.

GRASS Airdrop Tokenomics

The community allocation includes 300 million tokens to network growth. Of these, 170 million tokens are for early contributors and creators, tools, or joining early. Another 30 million tokens go to routers, rewarding them for maintaining the network’s infrastructure until it can sustain itself with network fees. Additionally, a major airdrop of 100 million tokens will bring in early users to create a user owned map of the internet.

The Grass Foundation holds 228 million tokens in a fund for network growth, partnerships, and research, with decisions guided by a governance system. Early investors receive 252 million tokens, with a vesting period of one year and gradual release over another year. Another 220 million tokens are for key contributors, released gradually over three years after a one year lock, recognizing their ongoing work in developing the network.

Grass Airdrop Points and Earning Opportunities

Grass provides a unique incentive program through Grass Points, which are earned by engaging with the network and by bringing in referrals.

1. Usage Points: Users earn points by maintaining a stable network connection, contributing to Grass’s growth.
2. Referral Program:
   • Primary Referrals: Users earn an additional 20% of their referred user’s uptime points.Secondary Referrals: Users gain 10% of the uptime points from second-level referees.Tertiary Referrals:
   Users earn 5% of third level referee’s uptime points, creating an extended referral network.

1. Referral Bonuses are also available:
   • New referrals get a 5,000 point bonus after reaching 100 hours of uptime.
   • New referrers receive a 2,500 point bonus when their referral reaches the 100 hour uptime milestone.
2. Tiered and Epoch Systems:
   Grass Points operate on a tiered ranking system, allowing users to progress through ranks and unlock rewards. Grass also uses an Epoch system, a snapshot feature that displays monthly point earnings on the dashboard. This allows users to track their contributions by month, while their total points remain intact.

Grass Airdrop One

The October 28th Grass Airdrop One is designed to reward early adopters and main community members with GRASS tokens. With a distribution of 100 million tokens (10% of the total supply), the airdrop will include the following allocations:

• 9% to Early Grass Points Earners: Users who earned points during the first stage (Network Snapshot) qualify for this portion of the airdrop.
• 0.5% to GigaBuds NFT Holders: Each eligible GigaBud NFT will receive 515 GRASS tokens, rewarding users who hold these NFTs as of the snapshot block.
• 0.5% to Desktop Node and Saga App Users: Users who installed the Desktop Node or Saga App and accumulated at least 500 Grass Points by October 11, 2024, at 05:00 UTC, qualify for this segment.

Claiming tokens begins on October 28 at 13:30 UTC. Eligible users can claim their tokens at Grass Foundation with the process concluding on January 15, 2025. Please remember to secure your wallet information and only interact with official Grass Foundation sites.

Grass Airdrop Staking Mechanic

To stake GRASS tokens, you delegate them to routers, earning continuous rewards with no minimum staking period, though unstaking requires a 7-day wait before withdrawal. Grass uses a shared risk and reward model, meaning routers with higher stakes earn rewards more frequently, encouraging strong network performance. Routers take a commission on rewards to cover costs, and as competition grows, users can choose routers with lower fees and better uptime. While slashing penalties aren’t active now, future updates may penalize routers for unethical actions to ensure security and compliance with network standards.

Conclusion

The Grass Airdrop is scheduled for October 28, allowing early users to join a decentralized, user owned network. This initiative includes token allocations, Grass Points, staking, and a special airdrop, all aimed at creating a secure, user driven internet space. Eligible participants can take part in Airdrop One and stake GRASS tokens, contributing to the network’s future.

Also Read : How to Claim Grass Airdrop? : A Step By Step Guide