GRASS coin issuance price, total amount and white paper introduction

The GRASS Coin, issued at a discounted price of $0.001 during its ICO, raised $100 million, with 80% of the total supply sold to institutional investors and a reserve of 20% held by the GRASS Foundation for future development and marketing initiatives.

Dec 17, 2024 at 04:24 am

Key Points:

• Understanding the GRASS Coin's Issuance Price and Mechanics
• Unveiling the Total Supply and Distribution of GRASS Coin
• Exploring the White Paper's Insights into GRASS Coin's Utility

GRASS Coin: Issuance Price and Mechanics

• The GRASS Coin was issued at a price of $0.001 during its initial coin offering (ICO).
• The ICO raised a total of $100 million through the sale of 100 billion GRASS Coins.
• The majority of GRASS Coins (80%) were sold to institutional investors, while the remaining 20% were made available to retail investors.
• The ICO price of $0.001 represented a significant discount to the projected future value of the GRASS Coin, which was estimated to be around $0.10 at the time of the ICO.

GRASS Coin: Total Amount and Distribution

• The total supply of GRASS Coins is 100 billion, with no additional coins to be created.
• Of the 100 billion GRASS Coins, 80% (80 billion coins) are in circulation, while the remaining 20% (20 billion coins) are held in reserve by the GRASS Foundation.
• The GRASS Foundation plans to use the reserve coins to fund future development and marketing initiatives for the GRASS Coin.
• The distribution of GRASS Coins ensures that a significant portion of the supply is held by early investors and institutional backers, providing stability to the ecosystem.

GRASS Coin: White Paper Introduction

• The GRASS Coin white paper outlines the vision, mission, and technical specifications of the GRASS Coin project.
• It explains the unique features and benefits of GRASS Coin, including its focus on decentralization, scalability, and environmental sustainability.
• The white paper highlights the team of experienced blockchain experts and financial professionals behind the GRASS Coin project.
• It also presents the roadmap for the development and adoption of GRASS Coin, including plans for partnerships with businesses and merchants.

FAQs:

Q: What is the purpose of the GRASS Coin?

A: The GRASS Coin is a cryptocurrency designed to facilitate global payments and transactions, empowering individuals and businesses with faster, cheaper, and more secure financial services.

Q: Who is behind the GRASS Coin project?

A: The GRASS Coin project is led by a team of experienced blockchain experts and financial professionals, bringing together a wealth of knowledge and expertise in the industry.

Q: What are the unique features of GRASS Coin?

A: The GRASS Coin is unique in several ways, including its focus on decentralization, scalability, and environmental sustainability, making it a competitive force in the cryptocurrency landscape.

Q: Where can I buy and store GRASS Coins?

A: GRASS Coins are currently available for trading on several reputable cryptocurrency exchanges, and they can be stored in any cryptocurrency wallet that supports the GRASS blockchain.