What is Grass: the crypto AI token leveraging unused internet bandwidth

Grass is a platform that allows users to put their unused internet bandwidth to work in return for token rewards. The bandwidth contributed by network participants is used by builders to train AI models. As a result, internet users can earn rewards from the unused internet they pay for while supporting the development of AI.

Read on as we explore what Grass is in more depth, how the technology works, and the role of the incoming GRASS token.

TL;DR

  • Grass allows users to sell their unused internet bandwidth to support the development of AI models.

  • The technology scrapes web data — without accessing private data — before transforming it into AI datasets.

  • Contributors earn Grass points for selling their unusual bandwidth. A GRASS token airdrop was announced in early September 2024, during which early users can convert their points into GRASS.

How does Grass work?

Grass is a decentralized platform that sees node operators (the users) contribute their unused internet bandwidth to support web scraping of public web data. This unstructured web data is then fed through an AI development tool that converts it into a readable format.

Grass routers connect nodes to the network’s validators. The routers are responsible for the accountability of validators and for moving bandwidth across the network. Meanwhile, validators receive, verify, and batch transactions received from the router.

Grass nodes manage traffic to allow the network to scrape public web data, which is structured into data sets. These datasets are then sold to AI labs to train AI models. It's free to run a node, and node operators are rewarded for the data relayed through them.

What are node operators rewarded with?

Node operators earn Grass points in two ways: using the platform, and referring friends. The referral system has three tiers. Tier one awards primary referrals, where you share your referral link with others. Should a contact download the platform and use your link, you'd earn a 20% commission. Secondary referrals, when someone you've invited shares their own referral link, you earn you a further 10% commission. And, tertiary referrals, where a second referral in your network shares a link, would grant you an additional 5% commission.

How do I access Grass?

Getting started with Grass is straightforward. Just follow the three steps below.

  1. Register an account at app.getgrass.io using your email address.

  2. Download the Grass desktop node from the Grass Store.

  3. Click "Connect", and you're all set. The technology will run in the background, and you can view your earned points via the dashboard.

What's the role of the GRASS token?

The GRASS token will be used for network staking, governance, and transaction fees. By staking their tokens, holders earn additional rewards and also gain voting rights as part of the Grass ecosystem. This includes votes on decisions related to protocol updates and network developments, according to the project.

What's next for Grass?

The beta phase for Grass has now ended, and the project's first airdrop was announced on September 4, 2024. Users can check their eligibility on the Grass Foundation website. The project has stated that the checker "only reflects allocations or Closed Alpha and Epochs 1-7. The checker does not include the ongoing Bonus Epoch or the To Be Announced allocation." The project is meant to soon be launching the GRASS token, with a total supply of 1 billion.

FAQs

Grass is a decentralized platform that allows individuals to sell their unused bandwidth and be rewarded with Grass Points. This bandwidth is used to scrape unstructured public web data, which is structured and sold on to help train AI models.

The project has made it clear that its technology only scrapes publicly available web data, and doesn’t collect personal data from users.

No. Grass points are the original reward granted to node operators on the network. Grass tokens will soon launch and replace Grass points as the reward. Holders of Grass points will be able to convert their points to GRASS tokens during the first airdrop.

The trading of every crypto asset carries some form of risk given how volatile the market is. Before you trade GRASS, it's important to do your own research, and never trade with more than you can afford to lose.

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Expand
Related articles
View more
View more
Sign up to OKX