GROK (GROK) Tokenomics

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

Information regarding the specific total supply and a detailed monthly unlocking schedule for the original $GROK token was not available.