Baby Grok

What is Baby Grok (BABYGROK)?

Baby Grok (BABYGROK) is a cryptocurrency meme coin launched in November 2023 as a play on the Grok artificial intelligence (AI) chatbot released by Elon Musk’s X social media platform earlier in the month.

The name is also a reference to previous meme coins, such as Baby Doge, Baby Floki, and Baby Musk Coin.

The community project claims to be “born from the visionary mind of Elon Musk” but is “inspired” rather than endorsed by the entrepreneur.

Baby Grok is a Binance Smart Chain (BSC) token that runs on the BNB blockchain. The anonymous development team launched a shilling and meme contest on 10 November and opened a presale for the token on the Pinksale decentralized crypto launchpad on November 11, listing it on the PancakeSwap decentralized exchange (DEX).

The token was subsequently listed on the Uniswap, BitMart, and MEXC exchanges and was listed on Gate.io on 7 December.

How Does Baby Grok Work?

Baby Grok is designed to be a utility token for decentralized finance (DeFi) applications, with plans to allow holders to use it to participate in governance voting or staking to earn rewards.

There are also plans to launch a collection of non-fungible tokens (NFTs) that will entitle holders to receive additional rewards such as merchandise and access to events.

“Baby Grok combines the power of DeFi with the brilliance of AI driven by community,” according to its website. It is a liquid-locked meme coin, which incorporates a mechanism to lock a portion of its liquidity to the blockchain for a certain period.

The developers claim that this mechanism is designed to provide stability and security to token holders and the ecosystem. Locking a portion of the liquidity can help to prevent sudden price volatility and discourages large-scale manipulation or rug pulls.

https://twitter.com/babygrok_bsc/status/1723324246527811741?s=20

The project launched with a total supply of 420 quadrillion tokens and a 5% tax on purchases and sales. The developers have held back 1% of the supply for liquidity pools, 2% for marketing, and 2% for development, according to the website.

The marketing campaign includes placing banners advertising the project on all decentralized exchanges (DEXs) to maximize its visibility in the crypto community.

We have embarked on an ambitious marketing campaign that involves placing our banners on all decentralized exchanges (DEXs). This strategic move aims to maximize our visibility in the crypto community and attract a wider audience to our platform. #BabyGrok pic.twitter.com/wMoCoggjBn

— Baby Grok (@babygrok_bsc) November 13, 2023

A percentage of each transaction is burned, or destroyed, reducing the total circulating supply to increase the token’s scarcity over time and support the price.