Grok

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.