SafeGrok
Crypto Overview
Overview
SafeGrok appears to be a new cryptocurrency token launched in early 2024 that aims to capitalize on the interest in artificial intelligence and the Grok AI platform. The token was created on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The stated purpose appears primarily focused on creating a community around AI technology themes, particularly Grok AI. No clear technical utility has been defined beyond basic token transfers and trading functionality.
Business Model Analysis
The project relies mainly on community engagement and trading activity. There is no evidence of lending, interest-bearing products, or explicitly haram activities in the token's smart contract or ecosystem.
Development Activity
Basic token functionality exists through the standard ERC-20 implementation. No significant additional development activity or roadmap has been publicly shared.
Token Distribution
Limited public information is available about the specific token distribution model and vesting schedules. The token appears to be freely traded on decentralized exchanges.
Real World Usage
Current usage appears limited primarily to trading activity on decentralized exchanges. No significant partnerships or integrations have been announced.
Crypto Impact
To assign a comfort level investing in SafeGrok 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 SafeGrok.
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.