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How to Buy Guru Token (GURU) and What You Need to Know

Guru Token (GURU) is essential for accessing tools, products, and services in the Guru Network, a growing ecosystem centered around AI. If you’re interested in acquiring GURU tokens, here’s a simple guide on how to buy them and some key details you should know. 

Step-by-step guide to buying Guru Token (GURU) on Uniswap, featuring tokenomics and safety tips.
Source: https://beincrypto.com/learn/how-to-buy-guru/

What is the Guru Token? 

GURU is the main currency of the Guru Network, which includes AI services, decentralized exchanges, and business process automation. Launched in June 2024, this token powers transactions, rewards, and payments within the ecosystem.  

You can buy it on centralized exchanges (CEXs) like BitMart, CoinEx, and MEXC or decentralized exchanges (DEXs) like Uniswap. 

The Guru token is used for paying fees, rewarding participants, and distributing income to service providers and stakers within the network. 

Steps to Buy GURU on Uniswap 

Here’s a simple walkthrough on how to buy GURU tokens on Uniswap, a popular decentralized exchange. 

Step 1: Visit Uniswap 

You can go to Uniswap through the official Guru website or by searching for Uniswap in your browser. Click on the “Buy GURU” button or visit Uniswap. 

Step 2: Launch the App 

Once on the Uniswap page, click “Launch App” to start trading. 

Step 3: Connect Your Wallet 

Click “Connect Wallet” on the Uniswap interface. You can use MetaMask, Coinbase Wallet, or Uniswap Wallet. Select MetaMask, give the necessary permissions, and confirm the connection. 

Step 4: Fund Your Wallet 

If you don’t have any crypto in your wallet, fund it with ETH or stablecoins.  

Step 5: Select GURU 

Search for GURU in the search bar. Double-check the token and select it from the list. 

Step 6: Swap Tokens 

Now, you can swap ETH or stablecoins for GURU. Enter the amount and confirm the swap. Once completed, you will have GURU tokens in your wallet. 

GURU Tokenomics 

Here are the important details about GURU’s supply and distribution: 

Category 

Allocation 

Total Supply 

1,000,000,000 

Circulating Supply 

115,000,000 (as of Aug. 2024) 

Partnership Allocation 

1% 

Advisors 

2% 

Grants 

2% 

Exchange Listings 

2% 

Marketing 

3% 

Early Investors 

20% 

Key Contributors 

20% 

Ecosystem Deployment 

10% 

Organizing Treasury 

20% 

Other Allocations 

20% 

 

The Guru token is stored in a multi-signature Gnosis Safe wallet, which ensures only trusted individuals can approve significant transactions. The contract cannot mint more tokens or burn existing ones, making the total supply fixed. 

Key Features of the Guru Ecosystem 

The Guru Network has evolved beyond its initial DEX roots to include AI-powered business process automation and decentralized services. Here are some major components: 

       1. Flow Orchestrator 

A tool that coordinates tasks using AI across the Guru Network, reducing human error and automating processes. 

       2. BBPA Engines 

These engines handle complex tasks and ensure seamless blockchain communication. 

       3. Individual Agents

AI agents that take on specific tasks, from running models to handling transactions. 

       4. Data Warehouse 

An on-chain storage solution for data processing, streaming, and visualization. 

How to Stay Safe When Buying GURU 

Whether you’re using a DEX or a CEX, staying safe during transactions is crucial. 

When Using a DEX: 

  • Be cautious of fake GURU tokens. Always verify you’re buying the correct token. 
  • Consider using limit orders to control the price you pay, as market orders may lead to higher costs due to slippage (difference between expected and executed prices). 

When Using a CEX: 

  • Make sure the platform you choose has a good reputation and low fees. 
  • Update your app and devices regularly, and use multi-factor authentication (MFA) for security. 

Regardless of where you trade, never invest more than you can afford to lose and avoid emotional decision-making. 

Merging AI with Everyday Life 

The Guru Network is helping to integrate AI into daily life, focusing on automation and business processes. GURU tokens are essential for interacting with this ecosystem and benefiting from its wide range of AI-driven features. While the hype around AI tokens is growing, always remember to research thoroughly and manage your risks when investing in cryptocurrency. 

September 10, 2024 at 6:00 pm

Updated September 10, 2024 at 6:00 pm

Disclaimer

Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)

FAQ

Cryptocurrency is a digital form of currency secured by cryptography, not controlled by governments or banks.

Cryptocurrency wallets are digital tools for storing and managing your crypto assets.

Best practices for crypto investment include research, diversification, investing what you can afford to lose, and avoiding hype-driven investments.

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