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What Is GROK and How to Buy GROK Tokens?

2024-05-02 09:43:42

With AI rising daily, we are introducing a new AI tool currently making waves in the digital world- GROK. Grok is a conversational AI chatbot created by Elon Musk’s firm, xAI, designed to answer questions with humor and a rebellious streak. It has real-time access to material via social networking platform X and can reportedly answer “spicy” inquiries that most other AI systems would refuse. 

In this article, you will learn everything you need to know about Grok: how it works, its features, what makes it unique, and how it differs from other AI chatbots like ChatGPT.

We will also examine the native token GROK, explore its tokenomics and statistics, and learn how to buy and trade GROK tokens. 

What Is GROK? 

Grok is an artificial intelligence chatbot created by xAI. It was released in November 2023 and is now available to customers with a Premium+ subscription to the X social networking platform. 

Grok-1, the massive language model that runs Grok, was trained using a bespoke tech stack comprised of the software management system Kubernetes, the machine learning framework JAX, and the coding language Rust, all of which enabled xAI to construct Grok faster and more efficiently than competing chatbots. 

Like all LLMs(Large Language Models), Grok-1 was trained using vast amounts of text data gathered from the Internet, ranging from Wikipedia articles to scientific papers. Grok stands out because it provides immediate access to postings on X. According to the development company, Grok now has “real-time knowledge of the world,” giving it a “massive advantage over other models.”

Grok provides two interaction styles: “Fun Mode” and “Regular Mode.” Grok defaults to “Fun Mode,” which gives the chatbot a more edgy or hilarious demeanor and sometimes produces factually erroneous responses. “Regular Mode” often provides more accurate answers, although, like any AI chatbot, xAI claims it can still provide misleading or contradicting information.

How Does GROK Work? 

Grok will use X’s massive database to find correlations between different words and phrases in the language, allowing the model to provide human-like results and make accurate predictions. 

This chatbot’s functionality is identical to ChatGPT and Google Bard. Grok learns conceptually by finding word-sentence links, which it then uses to build phrases similar to those produced by humans. It will have fewer features than the most recent version of ChatGPT but more than the initial version.

Grok is brave and direct, confident in expressing unpopular thoughts, and “loves sarcasm.” This means it is programmed “to respond with irony and have a rebellious spirit, so don’t use it if you don’t like humor,” as xAI stated in a statement on X.

Grok is powered by Grok-1, a separate language model established in September 2023. Grok-1’s predecessor, Grok-0, created in July 2023, was a massive language model with 33 billion parameters.

The LLM(Large Language Model) matched the capabilities of much larger LLMs, such as LLaMA 2, which are trained on double the training data. 

Grok-1 is considerably improved over Grok-0, with improved reasoning and coding capabilities based on extensive feedback from people and early Grok-0 models. 

Grok’s development and success rely heavily on Kubernetes, Rust, and JAX technologies. Together, these technologies provide a stable and reliable framework for deep learning research. 

The xAI team includes specialists with experience from businesses such as DeepMind, OpenAI, Google, Microsoft, and Tesla, and they are actively recruiting.

Overview of GROK

Unlike other models on the market, Grok is willing to tackle “spicy” questions and is trained to do so in a funny and slightly rebellious manner. 

Grok’s style of humor and “personality” was inspired by Douglas Adams’ The Hitchhiker’s Guide to the Galaxy, one of Musk’s favorite books. 

“It’s a book on philosophy, disguised as a book on humor,” Musk stated in an interview with computer scientist and podcaster Lex Fridman. With Grok, xAI is attempting to maintain that mindset while also adhering to “the truth of the universe,” Musk added, and eventually discovering new truths — moving closer to artificial general intelligence, in which a machine can learn and think like (or better than) a person.

Grok can write emails, debug code, develop ideas, and more in natural, human-like language. It simply accepts an input (such as a command or query), applies knowledge from its training data, and employs advanced neural networks to produce relevant text output. 

While it is utilized in the same ways as other AI chatbots, “Grok will probably say ‘yes’ to a lot more jobs that you give it,” according to Sharon Gai, an AI-focused author and speaker.

Features of GROK 

Below are the features of Grok:

  • Natural Language Understanding: It uses advanced natural language processing to understand better and respond to user inputs. 
  • Data Insights: Grok may provide data-driven insights that improve decision-making processes.
  • Personalization: Grok learns users’ preferences and behavior to modify recommendations and suggestions. 
  • Task Automation: It automates repetitive processes, which increases efficiency. 
  • Contextual Assistance: Grok delivers context-aware support by analyzing user demands depending on their current activities or inquiries. 

The Rise and Fall of GROK 

After the successful launch of the GROK token, it surged 13,000% in just nine days, surpassing the growth of other trending cryptocurrencies like PEPE and SHIB. Its market cap soared to $150 million with over 13,000 investors and more than $25 million in trading volume.

However, the token increase in price was abruptly halted when a Blockchain investigator with the username @ZachXBT on X exposed the GROK token’s deployer as being connected to wallets linked to other failed crypto projects. He posted this on the X platform with screenshots showing the deployer’s history of issuing other unsuccessful tokens and repeatedly changing usernames on Telegram.

Following this disclosure on the X platform, GROK’s value plunged rapidly, dropping more than 70% within 24 hours.

The GROK community dismissed @ZachXBT as mere FUD(fear, uncertainty, and doubt) and encouraged further investment in the token. The developers destroyed their entire token supply by transferring it to a dead address to bolster confidence among supporters. 

GROK Tokenomics

GROK Tokenomics

Token Symbol: GROK

Total Supply: 6.9B

Token Circulating Supply: 6.6B

Token Market Capitalization: $73M

Tokens Burned: 303M

Trading Price: $0.01171 on CoinEx (May 2, 2024)

How to Buy and Trade GROK Tokens?

CoinEx is a global cryptocurrency exchange trusted by over 5 million consumers globally, with 100% reserve. With over 1,000 tokens available, including GROK, users may trade effortlessly. To buy GROK tokens on CoinEx, follow these instructions. 

  1. Create an account: Sign up for a CoinEx account. 
  2. Deposit Funds: After logging in, fund your CoinEx account using any supported cryptocurrency or deposit method available on the exchange. With funds in your account, you can perform trades seamlessly.
  3. Navigate to GROK Trading Page: Once your account has been funded, visit CoinEx’s dedicated GROK trading page. To find GROK trading pairs on the spot trading page, use the search box and input the phrase “GROK.”
  4. Choose a trading pair: To trade GROK against USDT (Tether), use the trading pair GROK/USDT.
  5. Specify the Purchase Amount: The next step is to specify the quantity of GROK you want to buy. On the trading page, you can buy them at the existing market price or set a limit for your desired buying price.
  6. Execute the Trade: Proceed using the provided amount. Confirm the information, and if you’re pleased, submit the order. 

The above steps allow you to trade GROK tokens on CoinEx using the available trading pairs.

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