The Grass (GRASS) token has seen a remarkable surge, climbing 40% in a single day to reach an all-time high of $2.89 on Nov. 7, 2024.
The Grass (GRASS) token has seen a remarkable surge, climbing 40% in a single day to reach an all-time high of $2.89 on Nov. 7, 2024. This spike comes after a significant decline, with the token valued at $0.6415 just 10 days earlier.
Currently trading at $2.64, GRASS boasts a market capitalization of approximately $629.60 million. Over the past week, the token has appreciated by an impressive 134.40%, drawing substantial interest from the cryptocurrency community.
The recent growth is largely attributed to a successful airdrop on the Solana network, which distributed GRASS tokens widely, enhancing visibility and trading volume. In addition, the token has been listed on several major exchanges, including BYDFi, further boosting trading activity.
In tandem with the token's rise, Grass.io has launched an incentivized beta program that allows users to earn Grass points by sharing their unused internet bandwidth via a browser extension.
This initiative aims to create passive income opportunities while addressing the growing demand for data in artificial intelligence (AI) training.
As a decentralized layer-2 network on the Solana blockchain, Grass enables users to serve as node operators, collecting and processing public web data into structured datasets. Importantly, the platform prioritizes user privacy, ensuring that personal data is not collected or stored.
With $3.5 million secured in a seed funding round led by Polychain Capital and Tribe Capital, Grass is poised to tackle rising data acquisition costs for AI training.
While Grass points can be traded on decentralized exchanges, the platform has yet to launch its own cryptocurrency. The operational model emphasizes transparency and security, undergoing regular audits to maintain its integrity.
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