Grok
Crypto Overview
Project Overview
Grok (XAI) is a utility token launched in May 2024 associated with the Grok AI chatbot and ecosystem. The token was created by xAI, a company founded by Elon Musk, with the stated purpose of providing governance and utility within their AI ecosystem.
Intended Purpose
The XAI token is designed to provide utility through governance rights and access to Grok AI services. Token holders are meant to have voting power on protocol decisions and premium access to AI features.
Real-World Adoption and Usage
As a very new project, current adoption is limited. The token primarily trades on decentralized exchanges, with most activity centered around trading rather than utility usage. The Grok AI chatbot is functional and accessible to X (formerly Twitter) Premium+ subscribers, though token integration is still in development.
Platform Development
The project maintains active development of the Grok AI platform. While the token's utility features are still being implemented, the core AI technology is operational.
Token Distribution and Governance
Detailed information about token distribution and vesting schedules is limited due to the project's recent launch. The token operates on the Ethereum blockchain as an ERC-20 token.
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.