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When was GLM coin issued? Learn about the origin of GLM coin in one article

GLM coin, issued on August 11, 2021, serves as a test network token within the Ethereum ecosystem, aiding developers in building and evaluating blockchain applications without financial risks.

Oct 16, 2024 at 05:48 am

The Origin of GLM Coin

Goerli ETH, also known as GLM, is a test network token used by developers to build and test blockchain applications within the Ethereum ecosystem.

Issuance Date:

GLM coin was first issued on August 11, 2021.

Purpose of GLM Coin:

GLM coins serve as a substitute for ETH in various testnet environments, including:

Developers can use GLM to deploy and test smart contracts, perform transactions, and simulate blockchain interactions.
It allows for testing and validation of decentralized applications (dApps) without using real ETH, minimizing the financial risks associated with testing.
GLM facilitates the development of new protocols, tools, and services within the Ethereum ecosystem.

Availability and Usage:

GLM coins are freely available to developers who wish to use them for testing purposes. They can be obtained from various faucets, exchanges, or through the Goerli testnet itself.

Importance of GLM Coin:

GLM coin plays a crucial role in the development and validation of blockchain applications. It helps to:

Ensure the reliability and functionality of dApps before they are deployed on the main Ethereum network.
Identify and resolve potential issues or bugs early in the development process.
Foster innovation by providing a safe and cost-effective environment for developers to experiment with new technologies.

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