GROK
Crypto Overview
Overview
GROK is a cryptocurrency token launched in November 2023 inspired by Elon Musk's AI chatbot Grok and the general AI hype around artificial intelligence developments. The token exists on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The stated purpose of GROK is primarily meme-based entertainment and community building around AI themes. The token does not claim any direct technological utility or integration with actual AI systems. Its main function is serving as a tradeable digital asset for those interested in the AI narrative.
Business Model and Operations
GROK operates as a standard ERC-20 token with basic transfer and trading functionality. The project appears to be community-driven without any formal business structure or revenue model beyond token trading. There is no evidence of involvement in any haram activities like gambling, interest-based lending, or adult content.
Development and Adoption
As a meme token, GROK has minimal technical development. The token contract provides basic functionality for transfers and trading. Trading volume and holder numbers indicate active market participation, though primarily speculative in nature.
Token Distribution
While detailed tokenomics are not publicly available, the token appears to have been launched with a fair distribution mechanism. There are no obvious signs of excessive founder allocation or concerning vesting schedules that would indicate a scheme to enrich founders.
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.