[PRESS RELEASE – Colorado, USA, November 6th, 2024]
Grass is a decentralized data network that enables users to gather and analyze web data in real time, utilizing artificial intelligence (AI) to streamline data collection. The platform incentivizes community contributions through a reward mechanism, enhancing user engagement. Recently, Grass secured a position among the top 5 Web3 projects on the RootData rankings, as measured by user engagement metrics.
Funding Milestones
Grass has successfully completed two funding rounds, raising a total of $4.5 million to support its development and expansion:
- July 2023: Grass raised $1 million in a Pre-Seed round, with participation from No Limit Holdings, Big Brain Holdings, Builder Capital, Cogitent Ventures, Kyle Samani, Neel Somani, and Rahim Noorani.
- December 2023: Grass secured $3.5 million in a Seed round, led by Polychain Capital and Tribe Capital, with additional investment from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik.
GRASS Airdrop Campaign Sees High Participation
On October 28, Grass launched an airdrop initiative that garnered significant attention. The demand for GRASS tokens led to high activity levels. By November 4, approximately 82.75% of the total tokens allocated for the airdrop (around 64.7 million GRASS tokens) were claimed by 1.8 million wallet addresses.
GRASS Market Overview
Currently, GRASS is priced at $1.62, with a market capitalization of approximately $394 million, ranking #173 on CoinGecko. Over the past week, GRASS has experienced a notable price increase of over 68%.
BYDFi Listing of GRASS Token
The listing of GRASS on BYDFi marks a significant milestone for Grass, making the token accessible to a wider audience. In conjunction with this listing, BYDFi has introduced a promotion allowing users to earn GRASS tokens by completing specified tasks. Participants can register on BYDFi and complete these tasks to receive GRASS tokens as part of this promotional campaign.
GRASS in the Web3 Sector
Grass is positioned as a competitive player within the Web3 data sector, with recent achievements that highlight its focus on community-driven data collection and incentive structures. The listing on BYDFi provides additional access for users and contributes to Grass’s expanding reach.
For more information on Grass or to participate in the BYDFi promotional campaign, users can visit BYDFi’s platform.
About BYDFi:
Established in 2020, BYDFi is a top-tier crypto exchange recognized by Forbes and endorsed by CoinMarketCap and CoinGecko. Known for its professionalism, innovation, and robust security features, BYDFi offers more than 600 cryptocurrencies for spot trading, along with advanced options like 200x leverage on perpetual contracts. The platform prioritizes user security, provides 0% trading fees, and facilitates simple crypto purchases in partnership with Banxa, Transak, and Mercuryo, making it a preferred choice for traders globally.
Read the full article here
