GROOVE Price

GROOVE, trading under the ticker GROOVE, is a cryptocurrency launched in 2024. It anchors a decentralized platform tailored for music artists to share, monetize, and build direct relationships with their audiences.

The project casts itself as a music equivalent of Rotten Tomatoes—a community-driven aggregator for discovery and critique—while layering financial infrastructure onto that experience. Artists bypass the labyrinth of label advances and opaque royalty accounting. Instead, they tap a protocol that matches compensation to actual consumption.

GROOVE operates on the Base network. As a token, it rides on Base’s infrastructure rather than maintaining its own consensus layer.

The contract, deployed at 0x1cd38856ee0fdfd65c757e530e3b1de3061008d3, adheres to the Base ecosystem’s token standards, which streamline interoperability with wallets and decentralized exchanges. All transfers and interactions settle on Base, leveraging its execution environment. Market data reveals a solitary trading pair and a 24-hour volume hovering near $5.58, reflecting nascent liquidity.

The initiative launched on May 24, 2024, with a token generation event minting the entire supply of 1 billion GROOVE directly on Base. No venture-backed pre-sale or gradual unlock characterized its birth; the full supply existed from day one. Early discourse framed the project as an instrument to rewire music economics, and its presence quickly surfaced on niche trading venues.

At a systemic level, GROOVE aims to dismantle the intermediary-heavy structure of the music industry. It envisions a permissionless arena where creative output is valued transparently and where the relationship between artist and listener is not mediated by corporate gatekeepers. This reframing targets the core friction of royalty distribution, which has long been criticized for delayed payments and asymmetric information.

The token functions as the native unit of account for the platform’s economy. Creators receive GROOVE when fans purchase tracks, license samples, or stream content. Fans spend it to unlock exclusive material, vote on curated lists, or tip artists directly, embedding the asset into a closed-loop payment system. No governance rights are encoded; the token’s sole purpose is to lubricate transactions between supply and demand for digital music.

Without a staking mechanism or network security role, the token’s utility is purely for exchange of value between creators and their audience. Artists accumulate GROOVE from listener contributions and can re-invest into promotional campaigns or collaboration pools, while listeners use their holdings to signal demand and influence curation. There is no lock-up period or staking pool; utility is purely transactional. The value proposition for holding rests entirely on anticipated usage within the music marketplace.

GROOVE has a maximum supply of 1,000,000,000 tokens. Currently, 0 are in circulation. With a market capitalization of $0, GROOVE ranks #7,194 among all cryptocurrencies.