LLP lost 500U, compensated 0.62 points, and the community is full of complaints.
Personal compensation situation, 1 point is 806u, always grateful.
Thank you, grass!
However, based on the magnitude of the compensation they provided, currently, 80u per point should be achievable, while the earlier 100+ was more influenced by FOMO. Since the compensation won't be full, it will basically cover about 30-50%, which means a loss of 25 million, compensating about 15 million in equivalent points, so the internal evaluation of the project should value one point at around 100u.
At the same time, there are currently no more invitations, and it's unclear if this will be the case going forward. If they stop giving them altogether, it might actually be fine; many early large holders can no longer get points for free, which somewhat reduces the speed of point inflation.
I assessed the expected price of points through @Surf_Copilot, and it was quite reasonable, for reference:
Based on the project's fundamentals:
TVL: 1.1 billion USD (2000x growth in 2 months)
Trading volume: average daily 7.2 billion USD
Investment background: a16z, Lightspeed led the seed round
Market expectations: Polymarket shows a 47% probability that FDV exceeds 2 billion USD
Valuation range calculation:
Conservative estimate: benchmark against mature L2 DEX, each point 60-80 USD
Optimistic scenario: considering growth momentum and backing from investors, each point 80-120 USD
Risk adjustment: 88% of DeFi tokens drop 60-90% within 3 months, suggesting a discount of 20-30%.
Lighter
Lighter is distributing a special drop of 250k points at this time to compensate traders affected by the events of 10/10. Details in the thread here. Season 2 drops will run on Fridays starting on October 17, the first of which will be 600k points to cover the last 2.5 weeks.
SniperX
1/ SmartTrader Value inflow trend on large-cap coins in the past hour (top 10).
NO.1 $PUMP +$804.64K
NO.2 $META +$249.15K
NO.3 $W +$144.23K
NO.4 $Fartcoin +$56.96K
NO.5 $RENDER +$24.03K
NO.6 $PENGU +$10.26K
NO.7 $CLOUD +$3.60K
NO.8 $RAY +$2.21K
NO.9 $ZBCN +$806.32
NO.10 $GRASS +$223.10
Ling Li
There’s an extra 2.5M $PLUME up for grabs—just deposit pUSD into Morpho vaults curated by Re7 and Mystic MEV Capital. Easy access, curated rewards.
$BAS $ETHDYDX $BRBTC $WAVAX $SCRT $RIO $CFG $GRASS $KET $WAETHUSDC
About Grass (GRASS)
GRASS is the native token of the Grass project. Grass is a decentralized platform that rewards individuals for joining up as node operators and selling their unused internet bandwidth. The surplus bandwidth is used to scrape unstructured public web data, which is organized and sold on to train AI models.
How does Grass work?
In the simplest terms, Grass operates using nodes, validators, and routers, alongside other technologies. Grass nodes manage users' unused bandwidth and relay traffic to allow the network to scrape public data. Users run the nodes, and they're free to operate. These node operators are currently rewarded in Grass points, but the reward system will change to GRASS tokens once the asset launches. In the network, routers connect Grass nodes to the validators. Here, routes pass on bandwidth while making sure nodes are accountable. Validators, meanwhile, receive, verify, and batch router transactions. ZK proofs are used to checkpoint session data onchain, improving the network's efficiency.
How are GRASS tokens earned?
Once the GRASS token is released, users of the platform can earn GRASS by signing up and selling their surplus bandwidth, as the platform intends. With staking also possible on the platform, it's users may also be able to earn additional GRASS tokens with this method at some point. A referral program also currently exists to allow users to earn more Grass points. This may be another avenue for users to earn GRASS tokens.
GRASS price and tokenomics
The GRASS token has not yet been released, and so data on GRASS prices is not available. However, the project has announced the first airdrop of assets to early users. GRASS will have a total supply of 1 billion tokens, with 10% set aside for the first airdrop. The project is built on Solana's Layer-2 architecture, granting network users the advantage of lower transaction costs. On the network, the GRASS token will be used for staking, governance, and paying transaction fees.
About the Grass founders
Grass was co-founded by Andrej Radonjic, who also acts as CEO. Chris Nguyen, the Chief Technology Officer of Wynd Network, also plays an important role in the project. Wynd Network is an important contributor to the Grass network.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about Grass, driven by 7.6K contributors, and total online engagement reached 35M social interactions. The sentiment score for Grass currently stands at 81%. Compared to all cryptocurrencies, post volume for Grass currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Grass.
Powered by LunarCrush
Posts
9,966
Contributors
7,641
Interactions
35,158,240
Sentiment
81%
Volume rank
--
X
Posts
2,560
Interactions
1,840,034
Sentiment
74%
Grass FAQ
What is cryptocurrency?
Cryptocurrencies, such as GRASS, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GRASS have been created as well.
Can I buy GRASS on OKX?
No, currently GRASS is unavailable on OKX. To stay updated on when GRASS becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of GRASS fluctuate?
The price of GRASS fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
Monitor crypto prices on an exchange
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
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