Grok Moon
Crypto Overview
Overview
Grok Moon (GROKMOON) is a memecoin launched in March 2024 on the Solana blockchain, created in response to Elon Musk's Grok AI project and the general AI narrative in crypto markets.
Purpose and Utility
The token's primary stated purpose is to serve as a community-driven memecoin celebrating artificial intelligence innovation, particularly Elon Musk's Grok AI. The project doesn't claim any technical utility beyond serving as a tradeable digital asset.
Business Model and Operations
The project operates as a standard memecoin with community-driven value and trading. There is no complex technological infrastructure or specific use case beyond serving as a tradeable token.
Token Distribution and Development
The token appears to have a fair launch model with no pre-mine for the team. Liquidity is provided through decentralized exchanges on Solana. The project maintains a simple website and social media presence.
Actual Usage Analysis
Current usage aligns with its intended purpose as a tradeable memecoin. Trading occurs primarily on decentralized exchanges on Solana.
Evaluation of Activities
The token does not facilitate any prohibited activities such as gambling, interest-based lending, or adult content. It functions purely as a tradeable digital asset.
Crypto Impact
To assign a comfort level investing in Grok Moon 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 Moon.
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.