No one expected that the big winner of this wave of airdrops was the humble GRASS, and GRASS is also the simplest of these projects, unlike some second-tier projects that constantly engage in PUA and eventually fail to get a meal. Players who participated in GRASS early on, as long as they persisted, could basically earn more than $100 per order.
It's been a long time since I've seen such an awesome project. Let me give you some ideas:
(1) The total amount is 1 billion, 250 million have been unlocked, including 100 million airdrops, and 80% of the addresses have received the airdrops;
(2) 33% of the airdropped tokens are staked, and the APY for staked tokens is 45%;
(3) As I said before, most of the mining projects of this type are definitely mined by the project owners themselves;
(4) The current market value is around 380 million, which is not very large for such a project.
Xiaocao should be considered the first VC coin project in the past few months that has gone beyond high valuations and has been released in large quantities. Its coin price has continued to rise even though it has not been listed on Binance.
How low was the market’s confidence in VC coins before?
In the past, when a big airdrop is about to go online, everyone will pay attention to the economic model analysis and other posts, but there is almost no voice. In fact, it is understandable. Anyway, the launch is the highest point, and then it will go all the way to zero. In the past few months, everyone’s lower limit has been repeatedly refreshed, and they are numb. (Look at how scrambled scr is, and VCs are all cut off)
After GRASS was launched, the price of the coin did not continue to fall like other second-layer projects, but went up all the way. Today, it hit a new high of $1.48, doubling the increase since its launch. The popularity of GRASS has made the DEPIN project popular, and players have begun to look for other DEPIN projects to participate in. However, instead of looking for those GRASS imitations, it is better to continue to participate in the second season of GRASS. After all, not every project imitates such a large scale. Just like those Ethereum second-layers, the OP and ARB at the beginning are things that the second-layer projects cannot copy.
What did Grass do right? Why was it able to break this curse?
I personally think GRASS has done a very good job in airdrop expectation management! Airdrop expectation management has three important cores:
"Don't say full", "Don't repeat", "Can deliver"
Grass has achieved all these points. It does not list on Binance and does not give a large proportion of chips to Binance. The project party has balanced the interests of the project party, users, capital, and exchanges. I think that the project party that attaches importance to the community and wins the respect of the community with fairness and transparency is a big-picture project party worthy of participating in investment in the secondary market.
