GRASS · a token that mints nothing and still dilutes fast.
GRASS is the token of Grass, a Solana network that pays people to share spare bandwidth and resells it as web data for AI — ~654.6M circulating of a 1B fixed cap. Nothing is minted; the supply on-chain sits flat below the cap. But locked coins keep leaving their vaults and reaching the market.
Sell pressure. Reserve rewards, vesting locks and one Foundation deployment moved about 45.4M GRASS out of the vaults over 90 days — measured straight from the escrows, not the unlock calendar.
Buy pressure. There is no buyback and no burn running on-chain yet, so the buy side reads 0.
Net. About +6.93% to market over 90 days — the float keeps growing, so GRASS is clearly inflationary right now.
- Early-investor vesting completeslock stream endsOct 28 2026 · added to market
Grass mints no new GRASS — the full 1B was created at launch and the on-chain supply sits flat below the cap. What looks like emission is a reserve-funded reward stream: the Foundation vault paid out about 4.8M GRASS to the network three times over the 90 days to Aug 2 2026, roughly 14.5M in total, all from coins that already existed.
Locked investor and contributor coins vesting out of on-chain escrow. Three lock vaults each released exactly 1.95M GRASS on the 28th of May, June and July 2026 — about 17.5M reaching the market, read straight off the vaults. The published unlock calendar quotes a much larger 94.8M for the same window because it counts coins as released the moment they vest on paper, even while they stay inside the vault; the framework books what actually left.
The Foundation treasury vault made one discretionary deployment inside the window — about 13.3M GRASS on Jun 10 2026 — on top of its scheduled reward stream. It is a one-off with no published schedule, so the forward projection carries none of it. The vault still holds about 259.5M GRASS and the three lock vaults hold about 13.6M each (40.9M) of undrawn entitlement — the largest team-controlled overhangs, tracked every rebuild.
No bankruptcy estate or court-ordered distribution applies to GRASS.
Grass markets a revenue model that can buy back and burn GRASS or instead reward node operators, and a revenue-share vote was raised at the Jul 7 2026 token-holder call, but nothing is running on-chain yet — no measurable GRASS buyback or burn this window. It books zero and is monitored.
There is no fee burn. Grass bills AI customers off-chain for data access, so network revenue never passes through an on-chain GRASS burn.
No discretionary open-market buying by the Foundation. The treasury vault only sent coins out this window and took none in — monitored.
No new multi-year GRASS lock or escrow contract was announced in the window — monitored.
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