The Grass (community nickname: Small Grass) project has recently launched an airdrop query feature, sparking heated discussions among community members about the return on investment (ROI) of their electricity costs. The query tool reveals the distribution of Grass tokens from the Alpha season to the first seven seasons, excluding the ongoing reward season and yet-to-be-announced distribution.
Airdrop Distribution and Community Reactions
Grass has a total supply of 1 billion GRASS tokens, with 10% allocated to the first airdrop. The distribution breakdown is as follows:
- Alpha Season: 1.5%
- Seasons 1-7: 7%
- Reward Season (current): 0.5%
- Unannounced: 1%
Despite the project’s popularity, community members have expressed disappointment with the low number of tokens received in the airdrop. Many users have taken to social media to vent their frustrations, questioning the calculation methods and expressing dissatisfaction with the results.
Grass Project Overview
Grass is the first AI data layer project on Solana, combining AI, Depin, and Solana technologies. As a decentralized network, Grass aims to provide data for AI model training by accessing the public network. This makes Grass a crucial component in the AI data layer, solidifying its position in the AI industry.
According to ROOTDATA data, Grass has completed two rounds of financing, totaling $4.5 million. The first round, a $1 million Pre-Seed financing, was secured in July 2023. The second round, a $3.5 million seed financing, was announced in December 2023, led by Polychain Capital and Tribe Capital.
Off-Chain Price and OTC Market
Grass tokens are currently not listed on popular off-chain trading platforms like AEVO and Whales Market. The price of Grass points on Whales Market has experienced a significant drop following the release of the airdrop query, with a current price of $0.00015 per point, down nearly 40% in 24 hours.
Community members have organized an OTC market, with buyers offering prices ranging from $0.2 to $0.25 per token. However, sellers seem reluctant to sell at such low prices, with some seeking to sell at around $0.5.
GigaBuds NFT Price
The GigaBuds NFT project, which is part of the Grass ecosystem, has experienced a slight increase in price following the release of the airdrop query, currently trading at $2.472 SOL with a 12.18% 24-hour gain. This may be due to the anticipation of the 1% of tokens allocated to NFT holders.
Conclusion
The Grass airdrop query has sparked a heated debate among community members about the ROI of their electricity costs. While the project has garnered significant attention and investment, the low number of tokens received in the airdrop has left many users dissatisfied. As the project continues to evolve, it remains to be seen how the community will respond to future developments.
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