Early this morning, Grass (commonly known as Xiaocao in the community) announced on the X platform that TokenAirdrop inquiry has been launched (click here to go to the Airdrop inquiry link). The inquiry page only reflects the allocation of the testing Alpha season and the first seven seasons, excluding the ongoing reward season and the to-be-announced distribution. The total supply of GRASS Tokens is 1 billion, of which 10% is allocated for the first Airdrop, and the detailed Airdrop distribution is as follows:

· Test Alpha Season: 1.5%;

· Season 1-7: 7%;

· Reward season (current): 0.5%;

· To be announced: 1%.

"Xiaocao" is also a project that has gained a lot of popularity in the airdrop frenzy recently. So when the Token query news came out, major "airdrop" communities suddenly became lively. Users who participated in the interaction went to check the number of Tokens they received. However, what followed was a variety of grievances spreading on social media:

"5.8 GRASS, am I not mistaken? It's definitely a reverse move. Is there anyone with less than me?"

"Batch processing a bunch of accounts, how come only a few tens of coins were given for one billion points, how is it calculated in the end?"

"Started promoting from the first season, invited a total of 101 fren to participate, the computer has been down for almost a year, often using VPN during this period, only one account, a total of over 7 million points, but only Airdroped 63 GRASS, not even enough for the electricity bill, it's really unbelievable."

"When the grass succeeds in reverse, I am a beggar on the Internet, I am a clown."

……

Community member query screenshot

It can be said that currently on social media, whether it's individual accounts or studios that mass produce content, almost all are complaining about the small amount of tokens distributed in the Grass airdrop, filled with resentment. Below, the Odaily Star Daily will briefly introduce the Grass project, off-market 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, positioned as the Data Layer for AI. As a decentralized network, Grass aims to provide the data needed for AI model training by accessing public networks. This makes Grass an important component of the AI Data Layer, laying the foundation for its position in the field of AI as it expands to the process of cleaning and preparing structured datasets.

According to the ROOTDATA data, currently, Grass has completed a second round of financing, with a total amount of 450 million U.S. dollars, respectively:

· In July 2023, Grass announced the completion of a $1 million Pre-Seed round of financing, with participation from No Limit Holdings, Big Brain Holdings, Builder Capital, Cogitent Ventures, Kyle Samani, Neel Somani, Rahim Noorani, etc.

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

Over-the-Counter Price

Currently, neither Grass Token nor Over-the-counter Trading have been listed on the well-known Over-the-counter Trading platforms AEVO and Whales Market. Whales Market only previously launched the Over-the-counter Trading market for Grass Points. With the release of Token Airdrop news, the off-market price has dropped significantly, now trading at $0.00015 per point, with a nearly 40% decrease in the past 24 hours.

Grass OTC Trading Price K-line

Currently, there is buying interest in the OTC market at $0.2-0.25, organized by the community, but according to community feedback, sellers seem unwilling to engage in Over-the-counter Trading at such a low price. Some sellers want to sell at a price near $0.5.

OTC price list of a certain community

Therefore, if sold at $0.5 each, the majority of users' Airdrop amounts are concentrated between 10-100, receiving approximately $5-50 Airdrop rewards, a solid 'pork chop rice'.

It is worth mentioning that GigaBuds, the Non-fungible Token project launched by Grass stealthily, did not fall after the release of TokenAirdrop query message, but showed a slight pump, currently at 2.472 SOL with a 12.18% increase in 24 hours. 1% of the tokens in the Airdrop are currently officially labeled as 'to be announced', so perhaps the price of GigaBuds did not fall but rather rose in anticipation of this 1% being given to Non-fungible Token holders.

GigaBuds Non-fungible Token K-line chart

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