Grok
Crypto Overview
Overview
Grok ($GROK) is a meme cryptocurrency launched on November 2023 on the Ethereum blockchain. The token's name is inspired by Elon Musk's AI chatbot named 'Grok' released by xAI.
Purpose and Utility
The token does not claim any specific utility beyond being a meme token and community-driven project. It operates as an ERC-20 token on the Ethereum network.
Business Model
The project appears to be primarily driven by community engagement and trading activity. There is no complex business model or specific utility beyond serving as a tradeable digital asset.
Development Activity
The token operates on smart contracts with basic functionality for transfers and trading. There is no significant ongoing development activity as the token's primary function is to serve as a tradeable asset.
Token Distribution
The token was launched with a fair launch mechanism, with no pre-sale or team allocation. The contract shows that ownership was renounced after launch, meaning the developers cannot modify the contract.
Marketing and Community
The project relies heavily on social media presence and community-driven marketing. The community actively promotes the token across various platforms.
Current Usage
The primary use of GROK is trading on decentralized exchanges like Uniswap. The token maintains active trading volume and liquidity pools.
Crypto Impact
To assign a comfort level investing in Grok from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Grok.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.