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Golem price today is $0.113574 USD with a 24-hour trading volume of $2,165,147 USD. Golem is down 5.94% in the last 24 hours. The current CoinMarketCap ranking is #123, with a market cap of $113,574,009 USD. It has a circulating supply of 1,000,000,000 GLM coins and the max. supply is not available.
On April 28th 2016 the Golem Project was announced, led by Golem Factory. The network launched on mainnet on April 10, 2018. The Golem Network is a decentralized computation network, a new way of distributing redundant computing power to those who are in need of it, on-demand. It creates a peer-to-peer network where users join on an equal basis to buy and sell computation, splitting up complicated tasks into smaller subtasks in the network. In Golem there’s no central authority and no user is more or less important than another.
GNT or Golem Network Token is needed to pay for computations on the network and is the currency that drives our marketplace. As a Requestor, you set a bid for an amount of GNT you are willing to pay to have your task completed. As a Provider, you earn GNT by computing tasks for Requestors. You can set your minimum and maximum price thresholds in your settings.
Golem tools include:
On November 11th, 2016, the GNT token sale started and finished. The token sale reached the maximum cap in 29 minutes with 1 billion GNT tokens created and distributed. 82% of the GNT went to token sale participants, 12% to the operating company, and 6% to Golem’s founders. On November 19th, 2020, the GNT token began a migration to the new token GLM where individuals holding GNT were able to burn their old GNT tokens and receive the new GLM 1:1. It will always be possible to migrate GNT to GLM 1:1.
Golem Factory was founded in Switzerland in 2016 by Julian Zawistowski, Andrzej Regulski, Piotr Janiuk, Aleksandra Skrzypczak
The idea for Golem Network was first presented during DevCon 0 in November 2014. The decentralized platform is intended to be the first proxy-free and censorship-resistant environment for computer-intensive projects around the world. After introducing this concept at DevCon 0, the team worked tirelessly towards developing the Golem Network, launching a public crowdfunding event on November 11, 2016.
In 2019, based on their collective learnings, the team realized that they needed a completely new architecture in order to build a more overarching platform for generalized distributed compute. This ultimately resulted in a new better architecture and a new building approach designed to provide users with limitless possibilities when it comes to creating on top of Golem.
Over the course of 2020, the Golem Network team has been tasked with building a completely new protocol, architecture and codebase.
GLM is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.
New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.
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|Fully Diluted Market Cap||No Data|
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All Time High
Jan 08, 2018 (3 years ago)
All Time Low
Dec 12, 2016 (4 years ago)
|Circulating Supply||1,000,000,000 GLM|
|Total Supply||1,000,000,000 GLM|
|Max Supply||No Data|