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

The Guru token (GURU) is the key to an ecosystem laden with tools, products, and services catering to AI agents. To unlock the many features of the Guru Network, you will need to acquire GURU tokens. Here is a brief guide on how to buy GURU and everything else you need to know in 2024.

In this guide:

• What are Guru tokens?
• How to buy GURU: A step-by-step guide
• GURU tokenomics
• A brief look at the Guru ecosystem
• How to stay safe when buying and trading GURU
• Merging AI in our everyday lives
• Frequently asked questions

What are Guru tokens?

GURU price: CoinGecko

GURU is the lifeblood of the Guru Network — an ecosystem of products and services built around AI. This project encompasses a multi-chain AI compute layer, a decentralized exchange (DEX), a framework for blockchain business process automation (BBPA), and much more.

We started as [a] trading terminal, then we expanded towards B2B products during crypto winter. And to support all those products we created internal tooling, which allowed us to do it across 18 chains, multiple products, and so on.

Evgeny Vakhteev, CEO and co-founder of Guru Network

The Guru token (GURU) serves as the utility crypto of this ecosystem. It distributes income among numerous Guru ecosystem participants, including service providers and stakers.

In addition to distributing rewards, GURU is also a medium of exchange for paying transactions and service fees. It was launched in early June 2024 and is available on centralized exchanges (CEXs) like BitMart, CoinEx, and MEXC, as well as DEXs like Uniswap.

How to buy GURU: A step-by-step guide

If you’re looking to buy GURU, you have a few different options. As mentioned above, both CEXs and DEXs support the token. For this demonstration, we will show you how to buy GURU on Uniswap, a leading DEX.

Step 1: Go to UniSwap. You do this from the official GURU website — as shown in this screenshot — and click “Buy GURU” or search https://uniswap.org.

2. If you have arrived at the Uniswap interface via searching in your browser, you must click “launch app.” You will then see this screen.

3. From here, click “Connect wallet.” For this demonstration, we will connect with MetaMask via WalletConnect. Note that Coinbase Wallet and Uniswap Wallet are also available. Give the required permissions, then click “Confirm.”

4. Now, if you have no available crypto, you can fund your account with a stablecoin or ETH. Once you have done this, search for GURU in the search bar on-screen. It should look like this. Ensure you have enough ETH in your wallet to cover gas fees.

5. Choose GURU, the first option on the drop-down list. Due to the recency of the listing and token launch, Uniswap will show you the warning screen below. Click “I understand” to proceed.

6. Now, you can swap a chosen amount of the funds in your account.

Here, we are swapping USDT for GURU. Carefully check the amount you want to sell. You will see the amount of GURU you will receive. Check again, then click confirm. You have now bought GURU! Congratulations.

GURU tokenomics

The initial and maximum supply of GURU is 1,000,000,000. The circulating supply, as of Aug. 13, 2024, is just over 115 million tokens. It was deployed on the Ethereum network at the address 0x525574c899a7c877a11865339e57376092168258. The token contract has no additional minting functions and does not employ a burning mechanism.

The contract uses a Gnosis Safe multi-signature wallet. In other words, it requires a threshold of signatures to approve important transactions. The signatories are trusted and anonymous parties in the Guru ecosystem.

The safe wallet has two primary abilities: pausing and unpausing token transfers and managing the circulating supply. The token is allocated in the following fashion:

• Partnerships: 1%
• Advisors: 2%
• Grants: 2%
• Exchange listings: 2%
• Marketing: 3%
• LBP: 10%
• Ecosystem deployment: 10%
• Early liquidity and pricing: 10%
• Investors: 20%
• Organizing treasury: 20%
• Key contributors: 20%

Incentives

Due to the vast scope of the Guru ecosystem, it is important to remain aware of the participants and incentives relating to the GURU token. For starters, Gurus and Individual Agents have multiple revenue streams: instantiation fees for tasks, providing individual agents as a service, and providing resources for computational tasks.

Users can also stake their GURU tokens. This allows participants to lock up their crypto and earn rewards in return. Traders will also be able to earn passive income via yield farming, borrowing, and lending. This will be facilitated as projects are built on the Guru Network’s blockchain. There are also plans for governance features in the future.

A brief look at the Guru ecosystem

To fully understand the value of GURU, we will briefly cover the intricacies of the Guru ecosystem. The Guru Network started as a simple decentralized exchange. Eventually, the platform expanded into artificial intelligence. To put it simply, Guru Network marries real-world business processes with AI.

The ecosystem that Guru supplies is tailor-made to support AI automation and collaboration with other AI agents. This is all done with minimal code and a framework that aids the development and deployment of DApps. Some of the many features that power these services are:

• Flow Orchestrator: This tool uses smart AI to handle data from different sources within the Guru Network. It aids in automating several tasks, reduces human error, and helps other applications use special features by coordinating activities across the network. The Flow Orchestrator deploys and dispatches BBPAs.
• BBPA Engines: Derived from business process automation (BPA), blockchain business process automation (BBPA) engines run complex tasks across different blockchains. Guru Network’s BBPAs use Chainlink CCIP to communicate across different blockchains. They also receive instructions from the Flow Orchestrator.
• Individual Agents: These agents subscribe to tasks commensurate with their abilities. They join a queue where tasks are listed and complete tasks like running AI models, handling transactions, or analyzing data.
• Data Warehouse: Stores data for several applications to use and integrate into their services. It is on-chain and provides tools for data processing, visualization, and real-time streaming.

In summary, the entire process for the automation of tasks on the Guru Network goes as follows:

1. Data Warehouse gathers and stores data.
2. The Flow Orchestrator uses this data to create tasks.
3. The BBPA Engines receive tasks from the Flow Orchestrator and manage the overall process.
4. Individual Agents subscribe to tasks from the BBPA Engines and complete them.

How to stay safe when buying and trading GURU

Staying safe when buying Guru depends on how and where you buy. Whether you are purchasing GURU on a DEX or a CEX, you should keep a few things in mind.

Buying GURU on a DEX

Firstly, ensuring your safety is paramount if you are using a DEX. Scam tokens that attempt to “phish” users from the official GURU token can pop up at any point. Make sure to buy only the official GURU token.

Due to cryptocurrency’s volatile nature, it is also a good idea to consider order types. Limit orders help to “limit” the amount one has to spend when buying an asset, paying no more than what is specified. However, traders should keep in mind that these orders take longer to fulfill.

This is opposed to a market order, which fills immediately at the best price available. While these orders execute faster, they are also subject more to slippage. Slippage refers to the expected price of a trade versus the actual price at which the trade is executed.

Buying GURU on a CEX

Buying GURU on a CEX makes it easier to purchase the correct token. However, several considerations must also be made here.

First and foremost, It is always best to practice good operational security. This means making sure your app and devices are up to date, implementing multi-factor security, and generally making safe decisions when using your devices (e.g., mobile phone or PC) outside of trading.

That aside, it is wise to choose an exchange with low fees and a good reputation. Employing limit and market orders on CEXs can also be useful.

Lastly, whether trading on a CEX or DEX, it is important to have realistic expectations. Buying cryptocurrency can be risky, and you could potentially lose money. Be sure to avoid emotional trading.

Merging AI in our everyday lives

This guide has demonstrated the ease with which interested parties can purchase GURU in 2024. Notably, the Guru Network is one of the projects leading the way in making AI a part of our everyday lives. The Guru token is the glue that holds this marriage of artificial intelligence and business process automation together.

While AI tokens are all the rage in 2024, remember that all investments should be made with caution. Never buy crypto without first developing a comprehensive risk management strategy, and never invest more than you can afford to lose.

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