Introduction
We're excited to announce the official listing of $GRASS token on LCX Exchange. Trading will commence on **November 20, 2024, at 10 AM CET** with the $GRASS/EUR pair. This marks a significant milestone for the Grass Network ecosystem.
GRASS Token Fundamentals
What Is GRASS Token?
GRASS serves as the native cryptocurrency powering the Grass Network, a decentralized web scraping and data infrastructure platform.
Key Utility Functions
The token enables three primary network functions:
Transaction Fuel:
- Powers web scraping operations
- Facilitates dataset purchases
- Enables LCR (Last Click Reward) distributions
Staking Mechanism:
- Stake GRASS with Routers to process network traffic
- Earn rewards for enhancing network security
- Participate in bandwidth provisioning
Governance Rights:
- Submit improvement proposals
- Vote on network upgrades
- Determine partnership strategies
- Shape incentive structures
👉 Discover how GRASS transforms data infrastructure
LCX Exchange Listing Timeline
Trading Schedule
| Event | Date/Time |
|---|---|
| Deposit Opening | November 20, 2024, 10 AM CET |
| Trading Commencement | November 20, 2024, 10 AM CET |
| Trading Pair | GRASS/EUR |
Deposit Instructions
- Log into your LCX account
- Navigate to Wallet section
- Locate GRASS in asset list
- Select "Deposit"
- Use the displayed address to transfer tokens
Network Value Proposition
Grass Network establishes a decentralized framework for:
- Ethical web data collection
- Fair compensation for bandwidth providers
- Transparent data marketplace operations
- Community-driven governance
👉 Explore decentralized data solutions
Frequently Asked Questions
When can I start trading GRASS?
Trading begins November 20, 2024, at 10 AM Central European Time.
What trading pair will be available?
Initially, GRASS will trade against EUR (GRASS/EUR pair).
How do I participate in network governance?
Hold GRASS tokens to:
- Submit governance proposals
- Vote on ecosystem decisions
- Shape network parameters
Can I earn passive income with GRASS?
Yes, through:
- Router staking rewards
- Network participation incentives
- Transaction fee distributions
Is there a minimum deposit amount?
LCX Exchange has not specified minimum deposit requirements for GRASS.
How secure is the Grass Network?
The network employs:
- Proof-of-Stake security
- Decentralized validation
- Cryptographic verification
- Community oversight
Disclaimer: This content serves informational purposes only and does not constitute financial advice. Cryptocurrency investments carry substantial risk, including potential loss of principal. Conduct thorough research and consult financial professionals before making investment decisions. LCX operates as a regulated digital asset exchange under Liechtenstein Blockchain regulations.