GROK (GROK) Tokenomics
GROK (GROK) Tokenomics & Price Analysis
Explore key tokenomics and price data for GROK (GROK), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
GROK (GROK) Information
GROK is a meme coin on Ethereum.
In-Depth Token Structure of GROK (GROK)
Dive deeper into how GROK tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
The Grok ($GROK) token is a cryptocurrency inspired by Elon Musk's Grok AI program. It is important to note that while the token draws inspiration from the AI initiative, it is not officially affiliated with the actual Grok AI service or xAI. The project consists of several AI-related products, including GROK GPT, GROK AI Draw, and GROK Contract Scanning.
Issuance Mechanism
The Grok token was launched as a new asset in the decentralized finance (DeFi) space, reaching a market capitalization of $160 million within eight days of its release in November 2023. The issuance is characterized by:
- Initial Supply and Growth: The token experienced a rapid rally of 13,000% in its first week, driven by speculative interest surrounding the launch of Elon Musk's AI chatbot.
- Market Dynamics: The token is traded on various decentralized exchanges. Its issuance and price discovery are heavily influenced by market volatility and its association with high-profile AI trends.
Allocation Mechanism
While specific percentage breakdowns for the original Grok token's total supply are not detailed in the available documentation, the project's roadmap outlines a phased approach to expansion:
- Phase 1: Focused on launch, community building, and initial AI product rollout.
- Phase 2: Aimed at expanding the user base and enhancing AI products.
- Phase 3: Focused on integrating more blockchain networks and further ecosystem growth.
The token is intended to be used for rewarding contributors and supporting the overall growth of the ecosystem.
Usage and Incentive Mechanism
The $GROK token serves several primary functions within its ecosystem:
- Access to AI Services: Users utilize the token to access the platform's AI products, such as GROK GPT-4 for blockchain interaction and GROK AI Draw for NFT production.
- Contributor Rewards: The token is used to incentivize and reward those who contribute to the development and expansion of the Grok ecosystem.
- Security and Scanning: It supports tools like GROK Contract Scanning, which helps users detect potential DeFi scams by analyzing token contracts.
Locking Mechanism and Unlocking Time
Specific locking and unlocking schedules for the primary Grok ($GROK) token were not provided in the project's initial release documentation. However, related "Grok-themed" projects often implement the following safety measures:
- Liquidity Locking: Some variations, such as Grok Heroes, have claimed to lock liquidity for extended periods (up to 100 years) to prevent "rug pulls" and ensure community trust.
- Team Tokens: Several Grok-inspired projects, including Grok Girl, have stated they have no team tokens to align the interests of the developers with the community.
Summary Table of Grok Token Features
| Feature | Description |
|---|---|
| Inspiration | Elon Musk's Grok AI (unaffiliated) |
| Primary Use Cases | Accessing AI tools, rewarding contributors, ecosystem growth |
| AI Products | GROK GPT, GROK AI Draw, GROK Contract Scanning |
| Market Status | High volatility, speculative interest, traded on DEXs |
| Safety Features | Often includes liquidity locks and "no team token" policies in sub-projects |
Information regarding the specific total supply and a detailed monthly unlocking schedule for the original $GROK token was not available.
GROK (GROK) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of GROK (GROK) is essential for analysing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of GROK tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many GROK tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralised control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand GROK's tokenomics, explore GROK token's live price!
How to Buy GROK
Interested in adding GROK (GROK) to your portfolio? MEXC supports various methods to buy GROK, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
GROK (GROK) Price History
Analysing the price history of GROK helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
GROK Price Prediction
Want to know where GROK might be heading? Our GROK price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
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Amount
1 GROK = 0.000662 USD
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