News

Grass Airdrop One Will Reward 9% To Early Participants

Key Points:

  • The Grass team announced details for the upcoming airdrop, rewarding users based on Grass Points earned.
  • Grass Airdrop One will distribute 100 million GRASS tokens, with 9% going to early network participants.
Grass believers are waiting with bated breath for the hyped Grass Airdrop One, which is getting closer after the development team dropped more information on Monday.

Read more: Grass Token Airdrop Eligibility Will Be Determined Through Epoch 7 Snapshot

Grass Airdrop One Nears as New Details Released

Grass Airdrop One will reward users based on their accumulation of Grass Points, but according to regional regulations, how and when it happens will be different.

The Grass team designed the airdrop to work on a multi-tiered system. Participants will be assigned to one of nine tiers based on their Grass Points earned based on network uptime and referrals. The higher the Grass Points a user has, the higher the tier and, thus, the higher the possible rewards.

Grass Airdrop One will distribute 100 million GRASS tokens, 10% of the total supply, to early network contributors, node operators, and community members. The distribution goes as follows:

  • 9% of the tokens are reserved for users who earned Grass Points during Stage 1, called the Network Snapshot.
  • 0.5% will go to holders of GigaBuds NFTs.
  • 0.5% to the users who installed either the Grass Desktop Node or the Saga Application. Only those participants who earned more than 500 Grass Points in any epoch will be included for rewards in the Network Snapshot to ensure that only active contributors receive rewards.

Advanced Measures Taken for Fair Airdrop Distribution

Grass has tried to introduce advanced fraud detection in order not to get this process abused. Such measures consist of using Graph ML, anomaly detection of suspicious referral patterns, fingerprinting, and device and IP subnetwork monitoring for fair distribution.

The project is a web scraping protocol that can enable the generation of passive income by giving up a small portion of bandwidth to firms in AI technology development. The protocol only uses the minimum possible bandwidth, up to 0.3% of your bandwidth, to ensure you face no drop in internet speed as you make money off of unused capacity.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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