YEREVAN (CoinChapter.com) — Grass Coin recently launched on major exchanges, including Bybit, KuCoin, Bitget, and OKX. After listing, Grass Coin price experienced an 8% drop, moving from $0.9276 down to $0.8380. This price dip is typical for new tokens as they adjust to market activity. According to CoinGecko, Grass Coin has a circulating supply of 243.9 million tokens out of a capped 1 billion, suggesting potential future dilution in the market.
Grass Price Fluctuation Chart. Source: CoinGeckoBybit incentivized trading with a 200,000 GRASS token prize pool for new participants, leading to increased trading volume. This promotion has driven the most volume on Bybit, followed closely by MEXC and Bitget. Analysts indicate that a Binance listing may be anticipated, which could bring additional liquidity to Grass Coin and further diversify its trading platforms.
GrassUSDT Perpetual Contract Launch on Bybit. Source: Bybit Official
How to Claim Grass Airdrop: A Step-by-Step Guide
The Grass airdrop, a key event for the community, provided an opportunity to claim a portion of Grass Network’s initial 10% token distribution. However, users have encountered significant delays due to Phantom Wallet technical issues. Follow these steps to claim Grass airdrop tokens:
Verify Eligibility: Confirm eligibility through official Grass Network channels. Requirements may include specific holdings, following Grass on social media, or joining community platforms like Telegram and Discord. Connect Your Wallet: Link a compatible cryptocurrency wallet to the airdrop platform and authorize required permissions. Ensure your wallet supports Grass tokens to receive the distribution. Complete Necessary Tasks: Follow the airdrop’s instructions, such as social media interactions or completing forms. Grass Network will provide specific tasks for eligibility, which must be completed promptly. Monitor Your Wallet for Distribution: Keep track of your wallet, as token distribution may take several days to a few weeks depending on Grass Network’s timeline. Updates can be found on Grass Network’s social media channels.Phantom Wallet Issues Affect Grass Coin Airdrop Accessibility
Unfortunately, many users found themselves unable to claim the Grass airdrop due to issues with Phantom Wallet, a Solana-based wallet, which experienced an uptime incident. This left some users unable to access their tokens. Subsequently, Phantom Wallet posted on X that some services were disrupted, advising users to retry transactions. For some Grass Network users, wallet addresses incorrectly showed as “not eligible” despite meeting the requirements, leading to frustration.
A user shared their concerns online, stating,
“Spent more than 9 months earning and referring people to use @getgrass_io…Only to find out I’m not allowed to claim the airdrop.”
Other reports noted that eligibility criteria appeared inconsistent across users, which has added to the community’s concerns.
Grass Network Expands in the To-Earn Sector
Additionally, Grass Network operates in the expanding “to-earn” sector, rewarding users who share idle internet bandwidth. It allows users to earn Grass tokens by sharing data with corporate clients, contributing to the growth of the “to-earn” sector, similar to models like “play-to-earn” in Axie Infinity and move-to-earn with Sweatcoin. While to-earn platforms are growing, past tokens such as Axie Infinity and Decentraland saw rapid value declines after initial gains.
Grass Token faces similar risks, as many “to-earn” tokens experience early volatility. The market continues to monitor Grass Coin price trends as it finds its footing in this evolving blockchain sector.
The Grass Coin listing has sparked discussions within the community, especially over distribution details. Grass Network allocated 10% of its total supply for the initial airdrop, setting aside 1.5% for closed alpha testers and 7% for “Epochs 1 through 7.” However, allocation information for additional distributions remains unconfirmed, leading to concerns from some users.
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