The Grass airdrop eligibility checker, an important feature of the decentralized physical infrastructure network (DePin) project, has launched to a less-than-enthusiastic reception.
Grass, in its commitment to democratizing the internet, proclaimed this launch as the inception of “a decentralized movement of millions worldwide taking back collective control of the web.” Despite the promising rhetoric, the community’s reaction has been starkly different.
According to the announcement, the total supply of GRASS tokens stands at 1 billion, with 10% earmarked for the initial airdrop. This distribution includes 1.5% for closed alpha participants and 7% across Epochs 1-7. Notably absent from the current allocations are the Bonus Epoch and future distributions.
Additionally, Grass introduced the Grass Foundation, which aims to solidify the project’s commitment to its long-term vision. This entity is designed to steward the ecosystem towards a decentralized and collaborative future by allocating resources to key contributors. However, the airdrop checker’s launch has triggered a wave of discontent among early supporters.
Read more: Best Upcoming Airdrops in 2024
The community’s disappointment stems from perceived inadequacies in the token distribution. Many users wryly noted that their rewards were akin to “a Big Mac,” highlighting a pervasive sense of disillusionment.
“Did y’all waste 7 months of my internet connection to give me this measly peanut? 32 [tokens] out of 1 billion supply after accumulation of over 100,000 points between [epochs] 1 to 7,” Grass user Elvhis said.
Moreover, the frustration is compounded by the token’s dilution concerns. On-chain analyst Hitesh Malviya observed that Grass’s rapid user growth to 2 million participants has substantially diluted the airdrop. This phenomenon is common in crypto airdrops, where a large distribution pool meets a high participant count, driving down individual token value.
Furthermore, the project’s lack of communication on platforms like X (Twitter) regarding these pressing issues has only fueled dissatisfaction.
It is worth noting that Grass has not yet activated claims for these tokens. Currently, airdrop participants can only verify their allocated amounts. Hence, users should beware of scammy links that allow claiming the tokens.
Read more: What Is DePIN?
Despite the turbulence, it’s important to recognize the broader context. Grass has been an influential DePin project, capturing substantial interest with its approach to transforming public web data into AI-ready datasets.
Moreover, it has raised $4.5 million in funding from venture capitalists like Polychain Capital and Tribe Capital.
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