Grass describes itself as a consumer application that rewards users for sharing unused internet bandwidth, turning unused bandwidth into "Grass Points" which help determine GRASS token rewards over time.

Project Function

Enable a network of nodes, routers, and validators that route traffic and verify bandwidth, and transform public web data into datasets, with transparent reward distribution and data provenance.

GRASS Utility

• Power transactions in the Grass network
• Staking (including staking GRASS to routers) and earning rewards
• Governance participation (propose and vote on network improvements and incentive mechanisms)

About the Founders

The Grass docs reference the Grass Foundation and state that Wynd Labs provides the Foundation with development and administrative services. Beneficial owner information (25%+ ownership) was not identified in the primary sources reviewed.

Risks of GRASS

Like an investment in other crypto assets, there are some general risks to investing in GRASS. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold's platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in GRASS is subject to the following specific risks:

• GRASS operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with GRASS. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The GRASS community and Grass Foundation team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of GRASS have no recourse to the GRASS community, Grass Foundation team, or Uphold if GRASS declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold's Evaluation Process

Prior to listing GRASS on the Uphold Platform, Uphold performed due diligence on GRASS and determined that GRASS is unlikely to be a security or derivative under relevant securities legislation. Uphold's analysis including reviewing publicly available information on the following:

• The creation, governance, usage, and design of GRASS, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.
• The supply, demand, maturity, utility, and liquidity of GRASS.
• Any marketing materials put forward by the GRASS social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with GRASS, including any code defects, security breaches and other threats concerning GRASS and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with GRASS, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of GRASS.