The Grass Season 2 Allocation Is Finally Live

This would usually be very exciting news for me. However, the second season's allocation is beyond disappointing. In fact, it's almost unbelievable. After checking my allocation, I went to X to see if I was the only one shocked by my allocation. How did I do? After almost 2 years of mining millions of points, I earned a $1.60 allocation.

That's not a typo. Many users on X were reporting cents. I actually saw a screenshot of $0.01. The irony is that DePIN projects built on existing models should be able to deliver higher rewards through the additional element of tokenization, right? However, I can earn $1.60 on Honeygain in less than 2 weeks, and that's without any referral earnings. 

Given that the first round earned me a $600 airdrop, I was expecting a lot more than a dollar from the second round. I have seen a lot of short videos from users saying they are done with Grass. The strange thing is that the GRASS token is up 11% today. Essentially, a $3 million reward pool was distributed among 6 million+ users.

There are three very important takeaways here, of which I have often mentioned. It is important to examine this particular scenario in context and not become pessimistic about DePIN. Grass is a fairly large player. However, DePIN is a lot bigger than Grass. Let's view this in relation to what we can learn from this event.

Don't Put All Your Faith In One DePIN Project

This is vital, as earnings are speculative and depend heavily on reward allocations and the user base. An allocation of only $3 million dollars for such a large project is way too small to count, especially as the lion's share often goes to the top 10% of users. Diversification remains a solid practice, even for "free" income opportunities.

I use many DePIN projects and never rely on a single one. In a recent article, I list almost 20 DePINs I am actively mining and utilizing. I let them run in the background on a dedicated laptop, and let the rewards come as they may.

The Biggest Rewards Usually Come From The First Airdrop

This has proven to be a trustworthy trend regarding DePIN-related airdrops. The first allocation is always the largest, and usually by a wide margin. If the initial airdrop is disappointing, the second one will likely be too. Essentially, it's always advisable to mine or farm projects that are yet to distribute an airdrop.

So what projects are yet to announce and initiate their initial airdrop? That's where research comes in and why I have often said that DeNet is likely to be the largest airdrop regarding the "next batch" of DePIN-related rewards. Projects like Teneo and Kaisar from Peaq should also be on your radar.

Don't Ignore Proven (Legacy) Passive Income Platforms

This is perhaps the most important takeaway and valid for multiple reasons. Firstly, earnings are stable and predictable. Essentially, you can extrapolate your earnings over a week, a month, or more. They are not speculative, and you know how much you will be earning. Secondly, many of them are relatively efficient and valuable.

As I mentioned, using Honeygain, I can match a 2-year Grass airdrop in less than 2 weeks. That doesn't mean that the next Grass allocation will be low. However, unless they initiate a change, I don't see how one could expect a larger airdrop, especially since the airdrop was in stablecoins rather than GRASS tokens.

It is also important to note that legacy earning apps allow you to cash out once you reach the withdrawal threshold. You do not have to wait for seasons to end. When using the JumpTask mode on Honeygain, there is no threshold; you can withdraw at any time. These are valuable benefits not available in most DePIN ecosystems.

Final Thoughts

One bad event doesn't define an entire sector. However, being in the heart of a bear market is also a contributing factor to consider. It's a disappointment, but as I mentioned not fatal because I never rely on a single outcome. All the best! See you next time!

Disclaimer

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