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The Decentralized Physical Infrastructure Network (DePIN) has recently gained significant attention in the blockchain world due to its promising potential. By offering opportunities to contribute to global networks using physical devices while earning rewards in tokens, Grass Network has joined the roster of existing DePIN crypto projects. Thus, what is Grass Network, and what is the GRASS token? Discover the full details here.

What is Grass Network?

Grass Network is a decentralized platform that allows users to monetize their unused internet bandwidth. Bandwidth refers to the internet’s capacity to send or receive data. In essence, Grass Network allows users to earn income securely and in a decentralized manner by utilizing their idle internet resources.

Users can earn Grass Points in two primary ways: using the Grass platform and through referrals. Here’s how you can participate in the Grass Network:

Download the Grass App or Browser Extension: Visit the Grass website to download the app or browser extension. You’ll need to add the extension to your browser or install the desktop version.

Create an Account: Sign up using your email, set a password, and agree to the terms of service. A referral code is required to complete registration, which can be obtained via social media or other users.
Activate Your Node: Click the Grass icon and connect your device to the network. Your internet will now function as a node to collect public web data.
Track Earnings Through the Dashboard: Monitor your Grass Points and referral bonuses on the dashboard. Points will accumulate as long as your device remains connected to Grass.

How Grass Network Works

Grass acts as a data provider for AI by recording every scraping activity performed on its network. To support large-scale operations, Grass leverages Layer-2 technology built on the Solana blockchain, utilizing a sovereign rollup system for efficient processing.

The network also integrates a Zero Knowledge (ZK) Processor, enabling developers to verify that AI models are trained correctly, alongside a Data Ledger designed for permanent data storage.

Grass Network operates via a simple browser extension that utilizes users’ idle bandwidth without accessing personal data. Privacy remains a top priority, ensuring that no personal information, browsing history, or files are tracked or stored.

To maximize security, Wynd Network conducts regular external audits performed by independent cybersecurity firms. These audits are designed to identify and address potential vulnerabilities, ensuring Grass remains resilient against security threats.

Overall, Grass not only offers an innovative way for users to monetize unused bandwidth but also lays a foundation for safer, more transparent, and higher-quality AI development.

Who is the Founder of Grass Network?

Andrej Radonjic is the founder of Grass Network. He introduced himself and five team members through LinkedIn, highlighting their shared expertise in software engineering and DeFi protocol development.

Previously, Andrej worked on 1on1proxy, a provider of static residential proxies, and earned a Bachelor’s degree in Engineering from McMaster University. His team members, primarily educated at universities in Asia, including the Philippines and Bangladesh, bring diverse perspectives to the project.

According to Crunchbase, Andrej also made a pre-seed investment in Rug.ai in March 2024.

During his presentation at ETH Denver, Andrej revealed that Grass Network has been downloaded in 190 countries and collects over 1 TB of data daily. Despite this rapid growth, Grass still lags behind competitors like Honeygain, which boasts approximately 12 million users.

GRASS Token as an Investment

The GRASS token serves as the native cryptocurrency of the Grass Network, enabling holders to engage with the network in several meaningful ways, including:

Transactions and Buybacks
- GRASS supports transactions for web scraping, purchasing datasets, and utilizing Local Cache Routing (LCR) within the network.
Staking and Rewards
- Token holders can stake GRASS to Routers, assisting in managing web traffic across the network. In return, stakers earn rewards for contributing to the network’s security and efficiency.
Network Governance
- Participate in the development of Grass Network by submitting and voting on network improvements, determining partner organizations, and designing incentive mechanisms for all stakeholders.

The allocation of GRASS tokens is strategically designed to ensure sustainable ecosystem growth and provide incentives to key stakeholders within the community. Below is a breakdown of the allocation based on the provided diagram:

Community (30%)
- The largest portion is allocated to community-driven initiatives, including:
  - Future Incentives (17%): To reward future users and encourage broader adoption and participation.
  - Airdrop One (10%): Aimed at attracting early users to the ecosystem.
  - Router Incentives (3%): To reward contributors who strengthen the network infrastructure.
Investors (25.2%)
- A total of 25.2% is allocated to investors, reflecting their trust and contributions during the early funding stages and their role in sustaining the ecosystem.
Contributors (22%)
- Developers and contributors responsible for building the project are allocated 22% of the tokens, recognizing their efforts in driving the project’s success.
Foundation and Ecosystem Growth (22.8%)
- This allocation supports foundation management and ecosystem expansion through various initiatives, infrastructure development, and marketing efforts.

The GRASS token launched in late October 2024 on the Solana mainnet with a total supply of 1 billion GRASS tokens. As of November 28, 2024, 243.91 million GRASS tokens are in circulation.

At the time of writing, GRASS is trading at $3.49, with a market cap of $851.82 million. This market cap ranks GRASS at 206, according to CoinMarketCap. For easy tracking of GRASS token prices, you can explore it on Pintu Market.

Since its launch, the value of the GRASS token has soared 343.52% with a range of $0.6443 and $3.6201 during October to November 2024.

How to Buy GRASS on Pintu

After knowing what GRASS is, you can start investing in GRASS by buying it on Pintu app. Here is how to buy crypto on Pintu application:

Create a Pintu account and follow the process of verifying your identity to start trading.
On the homepage, click the deposit button and top up the Pintu balance using your preferred payment method.
Go to the market page and look for GRASS.
Click buy and fill in the amount you want.
Now you have GRASS!

In addition to GRASS, you can safely and conveniently purchase a wide range of cryptocurrencies such as BTC, ETH, SOL, and others safely and easily on Pintu. Pintu diligently evaluates all its crypto assets, highlighting the significance of being cautious.

Pintu is also compatible with popular wallets such as Metamask to facilitate your transactions. Download Pintu app on Play Store and App Store! Your security is guaranteed because Pintu is regulated and supervised by Bappebti and Kominfo.

In addition to buying and trading crypto assets, you can expand your knowledge about cryptocurrencies through various Pintu Academy articles. Updated weekly, all Pintu Academy articles are made for knowledge and educational purposes, not as financial advice.

References

Grass Foundation. GRASS Tokenomics. Accessed on 28 November 2024
Joel Zhao. What Is Grass.io and How to Earn Points for a Potential Airdrop. Accessed on 28 November 2024