What is Grass? Grass is a protocol for sharing users’ unused bandwidth and is one of the prominent projects in the DePIN space. Grass has attracted many famous investment funds in the Crypto market, so where does Grass have such great attraction? Everyone, let’s find out in the article below.
Overview of Grass
Market context
In reality, bandwidth not being fully utilized is a common situation, for example users pay for a connection with a maximum download speed of 100 MB/s. If you only use 30 MB/s to download a file, that leaves 70 MB/s of “idle” bandwidth that is currently unused at that time. This is the bandwidth that companies will use to scrape the web away from your IP address, and this is a resource that users give away without even knowing.
Besides, there are many free apps that users download that have lines in the subscription terms and conditions for you to donate your unused bandwidth to proxy networks. This can help developers monetize their products and of course users do not get a share from those application platforms.
What is Grass?
Grass is a solution that allows users to share and rent network bandwidth that they do not use in a decentralized way. Grass is a solution that brings rights and fairness to users. For regular users Grass is like an application that integrates into the Web and downloads, after which they don’t need to remember it. Users who install Grass will receive the project’s Native Token and some of the following conditions:
- Share revenue from the protocol.
- Protocol governance with voting on important proposals.
Grass’s products will not only stop at the Web version, but will also be released on the Mobile version for users.
Development Roadmap
July 19, 2023: Grass launches the Grass Point program allowing users to check Points in a number of ways such as:
- Users who download and run Grass will start earning points immediately. The user experience, with Grass will be seamless, while browsing the internet you will accumulate points.
- Introductory point. When a user refers a friend and they download and run Grass, the user will earn additional points. Specifically, users will receive a 20% commission based on the number of points the friend they refer earns permanently. If a user’s friend refers someone else, the user will earn 10% of the points earned by a second-level referrer. And if someone in the second level of your referral network refers someone else, the user will earn 5% of the points that a third-level referral earns.
Investor
- 2023: At the Pre Seed round, the project successfully raised $1M led by No Limit Holdings.
- December 20, 2023: Grass successfully raised $3.5N at the Seed round led by Polychain capital and Tribe Capital besides many names such as Bitscale Capital, Monzaik Capital, Typhon V,…
Core Team
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Tokenomics
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Exchanges
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Project Information Channel
Summary
Grass continues to be one of the prominent projects in the field of infrastructure sharing alongside names like Render, Filecoin, Arweave,… Hopefully through this article everyone can understand more about what Grass is. ?
