What is GRASS

Learned by 427 usersPublished on 2024.07.18Last updated on 2024.10.15

Grass

GRASS

¥12.62
-15.08%

Last Price¥12.62
All-Time High¥0

Turnover (24h)¥85.4M
All-Time Low¥0

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. What is grass?

Grass is an AI (artificial intelligence) web crawler project based on the Solana network. Here’s an introduction to Grass:

Project Background: Grass is an AI web crawler project built on the Solana blockchain, aimed at leveraging blockchain technology and AI for data processing and analysis.
Airdrop Activity: Grass announced on the X platform that users are required to connect their Solana wallets on the Grass dashboard before 8:00 AM Beijing time on October 1st to claim the first airdrop rewards.
Functional Features: Although specific functional features were not detailed in the provided information, as an AI web crawler project, Grass may involve applications in data collection, analysis, and processing.

In summary, Grass is an AI web crawler project based on Solana that recently conducted an airdrop activity, requiring users to connect their Solana wallets within a specified timeframe to receive rewards.

2. Who founded grass?

According to the provided search results, no information was found regarding the founders of "cryptocurrency grass". The related articles mainly discussed the technical development, auditing, and listing plans for Grass tokens, but did not mention its founders.

3. Which venture capital firms invested in grass?

According to the information provided, the venture capital firms that invested in the cryptocurrency project Grass include:

Polychain Capital
Tribe Capital
Bitscale
Big Brain
Advisors Anonymous
Typhon V
Mozaik

These investment institutions participated in the seed round financing of Grass’s parent company, Wynd Network, with a total amount of $3.5 million.

4. How does grass work?

The operation of the GRASS cryptocurrency is primarily based on the following aspects:

Application Scenarios: GRASS is a blockchain-based cryptocurrency, mainly used to share idle network bandwidth, earning revenue by selling excess network resources of users to third-party clients.
Technical Foundation: The GRASS project claims to use the Layer2 AI decentralised data network concept of the Solana chain, employing ZK Proof technology to process network data requests, with key fragments of the processed results sent to the Solana main chain for validation.
Acquisition Methods: Users can acquire GRASS through the following methods:
Purchase: Buy GRASS on exchanges like Bitget.
Mining: Earn GRASS Points by installing the GRASS Google plugin and sharing idle network bandwidth, which may later convert to appropriate network ownership.
Usage Methods: GRASS can be used for trading, staking, payments, and other scenarios.
Project Status: GRASS is currently in the early testing phase, and no cash-out options have been provided yet; specific information on cash-out thresholds, cash-out channels, and handling fees has yet to be announced.

In summary, the operation of the GRASS cryptocurrency primarily involves earning revenue by sharing idle network resources, and it utilizes blockchain technology and a token reward mechanism to encourage user participation.

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6 Total ViewsPublished 2025.06.11Updated 2025.06.11

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6 Total ViewsPublished 2025.06.11Updated 2025.06.11

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The project deliberately chooses relatable imagery that strikes a chord with various demographics worldwide. Creator and Development Team Anonymity and Decentralisation A significant characteristic of the Torch of Liberty project is the anonymity of its creators. This has proven to be rather strategic, as it shifts the focus from institutional leadership to a decentralised ownership model, fostering a community-based approach to growth and governance. This trend of anonymity is not uncommon in the realm of meme tokens and denotes a democratic ethos among participants[1][2]. Development Philosophy While the general ethos promotes community engagement through social platforms, the lack of publicised audits and technical specifications raises questions regarding the long-term robustness of the code. The creators seem to prioritise organic growth over conventional marketing and investment strategies often seen in more traditional crypto projects. Investors and Backers Funding and Distribution The economic model surrounding LIBERTY points towards a decentralised nature in its token distribution. There is no indication of significant institutional investment, thus suggesting that the financial backing comes primarily from grassroots community contributions through liquidity pools established on decentralised platforms like PancakeSwap[12][36]. Community as Stakeholders The role of the community cannot be understated; they essentially drive the marketing and govern the project. This collective ownership structure creates a sense of belonging among participants, akin to that found in grassroots movements as opposed to top-heavy, corporate-backed cryptocurrencies. Functionality and Innovation Unique Value Propositions Cultural Resonance: By intertwining its identity with the Statue of Liberty, LIBERTY effectively resonates on a global scale, emphasising universal notions of independence and freedom[1][7]. 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Historical Timeline Key Milestones June 2025: The token marked its debut on LBank, a significant step that facilitated increased visibility and liquidity in the market[59]. May 2025: Initial liquidity pools were formed on PancakeSwap, enabling decentralised trading mechanisms and fostering community engagement[12][36]. Q1 2025: Implementation of community-driven marketing efforts spearheaded on various social media platforms[1][2]. Challenges and Controversies Notably, the lack of transparency surrounding the project’s development has incited skepticism among crypto investors. Moreover, given that LIBERTY operates within the meme token category, it is inherently susceptible to the challenges relating to market volatility, driven by speculative trading behaviours [1][17]. Conclusion and Future Outlook Strategic Recommendations Documentation Development: Establishing comprehensive documentation, including a whitepaper, could augment credibility and potentially attract more institutional interest. Governance Enhancements: Improving the governance framework to establish clear voting protocols would lend strength to the decentralised decision-making aspects of the project. Utility Expansion: Diversifying use cases by introducing staking mechanisms or NFT integrations may provide greater longevity and application beyond block trading dynamics. Final Thoughts Torch of Liberty (LIBERTY) highlights the cultural significance of meme tokens within the rapidly evolving landscape of Web3. Though its thematic branding and commitment to community engagement furnish a robust foundation, confronting the dual challenges of technical ambiguity and transparency will be vital for its sustained relevance. As the project matures, managing the delicate balance between meme culture engagement and meaningful innovation will ultimately dictate its place within the decentralised future. Citations [1][2][7][9][12][17][36][59]

5 Total ViewsPublished 2025.06.11Updated 2025.06.11

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