Author: Asher, Odaily Planet Daily

 

This morning, Grass (commonly known as Xiaocao in the community) announced on the X platform that the token airdrop query has been launched (click here to jump to the airdrop query link). The query page only reflects the distribution of the test Alpha season and seasons 1-7, excluding the ongoing reward season and the distribution to be announced. The total supply of GRASS tokens is 1 billion, of which 10% is for the first airdrop. The detailed airdrop distribution is as follows:

  • Alpha season: 1.5%

  • Season 1-7: 7%;

  • Bonus Season (currently): 0.5%;

  • To be announced: 1%.

Xiaocao is also a popular airdrop project during this period. Therefore, when the token query news came out, major airdrop communities became lively. Users who participated in the interaction went to check the number of tokens they received, but all kinds of resentment spread on social media:

  • “5.8 GRASS, am I reading this correctly? It’s definitely a counter-attack. Is there anyone who has less than me?”

  • "I created a bunch of accounts in batches, but I only got a few dozen coins for 100 million points. How is that calculated?"

  • "I started promoting it from the first season, and invited 101 friends to participate. My computer was down for almost a year, and I often used VPN during that time. I only had one account, and I had more than 7 million points in total, but I only got 63 GRASS airdrops, which was not enough to cover my electricity bill. It was incredible."

  • "Xiao Cao successfully fought back. I am just an online beggar. I am a clown."

  • ……

Screenshot of a community member's query

It can be said that on social media, whether it is individuals with single numbers or studios that make bulk purchases, almost all of them are complaining about the small number of tokens airdropped by Xiaocao, and are full of resentment. Next, Odaily Planet Daily will take you to a brief understanding of the Grass project, OTC price situation and other information.

Grass Project Introduction

Image source: Official Twitter

Grass is the first project deployed on Solana that combines AI, Depin, and Solana technologies, and is positioned as the data layer for AI. As a decentralized network, Grass aims to provide the data needed for AI model training by accessing the public network. This makes Grass an important part of the AI ​​data layer as it expands to clean and prepare structured data sets, laying the foundation for its position in the field of AI.

According to ROOTDATA data, Grass has completed secondary financing with a total amount of US$4.5 million, including:

  • In July 2023, Grass announced the completion of a $1 million Pre-Seed round of financing, with No Limit Holdings, Big Brain Holdings, Builder Capital, Cogitent Ventures, Kyle Samani, Neel Somani, Rahim No orani and others participating in the investment;

  • In December 2023, Grass announced the completion of a US$3.5 million seed round of financing, led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V and Mozaik.

OTC Price

At present, Grass token over-the-counter trading is not available on the well-known over-the-counter trading platforms AEVO and Whales Market. Whales Market has only previously launched the over-the-counter market for Grass points. With the release of the token airdrop news, its over-the-counter price has fallen sharply and is now reported at US$0.00015 per point, a 24-hour drop of nearly 40%.

Grass Points OTC Price K-line

Currently, the community spontaneously organizes OTC transactions, and there are buy orders at $0.2-0.25. However, according to community feedback, sellers do not seem willing to conduct OTC transactions at such a low price, and some sellers want to sell at around $0.5.

OTC price list of a community

Therefore, if sold at $0.5 per coin, the number of airdrops inquired by most users is concentrated between 10-100 coins, and the airdrop rewards received are approximately $5-50, which is a real waste.

It is worth mentioning that the NFT project GigaBuds, which was launched by Grass in stealth, did not fall after the release of the token airdrop query message, but rose slightly, temporarily reporting 2.472 SOL, with a 24-hour increase of 12.18%. Among the 10% of airdropped tokens, 1% of the tokens are currently officially given as "to be announced", so the price of GigaBuds did not fall but rose instead, perhaps because it was expected that this 1% would be given to NFT holders.

GigaBuds NFT candlestick chart

#AI