In November 2023, the Baby Grok meme coin was launched, taking inspiration from Elon Musk's AI chatbot, Grok. It combines the worlds of decentralized finance (DeFi) and artificial intelligence (AI) to create a community-driven movement. Baby Grok aims to revolutionize the DeFi space with its unique approach, riding the wave of AI. It operates on the BNB Smart Chain and was launched as a playful nod to Musk's AI innovations and other meme coins like Baby Doge and Baby Floki.
Baby Grok is primarily designed as a utility token for DeFi applications, enabling holders to participate in governance voting and staking while offering rewards and incentives. The tokenomics of Baby Grok are based around a total supply of 420 trillion BABYGROK, with a 5% tax mechanism on transactions. This tax is divided as follows: 1% for liquidity pools, 2% for marketing, and 2% for development. This framework's goal is to offer token holders and the ecosystem stability and security.
One of Baby Grok's key features is its liquid-locked nature, which means that a portion of its liquidity is locked on the blockchain for a predetermined period. This mechanism is intended to minimize price volatility and discourage large-scale market manipulations like rug pulls. Furthermore, a percentage of each transaction is burned, gradually decreasing the total supply and enhancing the token's scarcity over time.
BABYGROK has a total supply of 420,000,000,000,000,000.
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