/ Discover what is Baby Grok (BABYGROK) and how to buy it?, a playful meme coin inspired by Elon Musk’s Grok AI.
Author: Nilesh Hembade.
Updated on:04 Jan 2024, 16:54 PM IST
Introduction:
The cryptocurrency market is always buzzing with new memecoins; this time is Baby Grok (BABYGROK). Since its launch, this memecoin has been making waves in the crypto world with an impressive surge in its value.
As per coinmarketcap, the BABYGROK token is trading at $0.00000000007753 with a marketcap of $31.29 million. While BABYGROK coin has surged by +714.83% in just the last 30 days as of Jan 04, 2024.
What is Baby Grok (BABYGROK)?
Baby Grok (BABYGROK) has joined the crypto party as a memecoin, making its debut in November 2023. It’s a playful nod to Elon Musk’s Grok AI chatbot from his X social media platform.
This digital coin is in good company, taking inspiration from previous meme coins like Baby Doge and Baby Musk Coin. While the Baby Grok community claims Elon’s influence, it’s more about being inspired than officially endorsed.
Operating on the Binance Smart Chain, Baby Grok started with a meme contest on November 10 and a presale on the Pinksale crypto launchpad on November 11. It’s now available on PancakeSwap, Uniswap, BitGet, BitMart, MEXC, and Gate.io.
How Baby Grok Works in Simple Terms:
Think of Baby Grok as a tool for decentralized finance (DeFi). People holding BABYGROK can use it to vote on decisions and earn rewards by staking it in the DeFi system.
Here’s the cool part: Baby Grok is planning to launch special digital items called NFTs. Holders of these NFTs get extra treats, from cool merchandise to exclusive event access.
Now, why the hype? Baby Grok is designed as a “liquid-locked” meme coin, meaning part of its value is locked in place for a while. This move, the creators say, helps keep things stable and secure, preventing wild price swings and dodgy moves by big players.
Starting with 420 quadrillion tokens, Baby Grok has a 5% tax on purchases and sales. The creators set aside 1% for keeping things liquid, 2% for spreading the word, and another 2% for ongoing development.
To make sure everyone knows about it, Baby Grok is putting banners on all the popular decentralized exchanges (DEXs). And every time someone trades, a bit of the token gets “burned,” reducing the total amount in circulation. This intentional burning is supposed to make the coin rarer over time, potentially keeping its value up.
As Baby Grok steps onto the crypto scene, everyone’s curious to see how its mix of DeFi and AI fun will shake up the world of digital coins.
How to Buy Baby Grok (BABYGROK) on Gate.io?
Buying Baby Grok on Gate.io is simple! Follow these steps:
Create an Account: If you don’t have an account on Gate.io, sign up for one. Provide the necessary details and complete the registration process.
Deposit Funds: Deposit the funds you want to use to buy Baby Grok into your Gate.io account. Gate.io supports various cryptocurrencies and fiat currencies.
Navigate to BABYGROK: Once your account is funded, go to the trading section and find the BABYGROK trading pair. It’s usually denoted as “BABYGROK/USDT” or a similar pairing.
Place an Order: Choose the type of order you want to place (market or limit) and input the amount of BABYGROK you want to buy.
Review and Confirm: Double-check your order details, including the amount and price. Once satisfied, confirm your purchase.
Monitor Your Trade: Keep an eye on your trade in the “Open Orders” or “Trade History” sections. Once your order is filled, you’ll see your BABYGROK balance in your account.
