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Introduction to the issuance price and quantity of Golem (GLM) currency
Golem's decentralized supercomputer, accessible through its GLM token, initially sold for $0.075 and has a limited supply of 1 billion tokens allocated for team, governance, and future developments.
Dec 17, 2024 at 08:23 am
Key Points
- Golem is an open-source, decentralized supercomputer that allows users to rent out their spare computing power.
- GLM is the native token of the Golem ecosystem, which is used to pay for computing resources and to participate in the Golem governance system.
- The issuance price of GLM was $0.075 USD.
- The total supply of GLM is 1 billion tokens.
Introduction to the Issuance Price and Quantity of Golem (GLM) Currency
Golem is an open-source, decentralized supercomputer that allows users to rent out their spare computing power. The Golem network is powered by the GLM token, which is used to pay for computing resources and to participate in the Golem governance system.
The issuance price of GLM was $0.075 USD. The token was first sold in a public token sale in November 2016, and raised a total of $8.6 million USD.
The total supply of GLM is 1 billion tokens. Of this total, 50% were sold in the public token sale, 25% were allocated to the Golem team, and 25% were reserved for future development.
FAQs
What is the purpose of the GLM token?
The GLM token is used to pay for computing resources on the Golem network. Users can purchase GLM tokens and use them to pay for access to the Golem supercomputer.
How can I purchase GLM tokens?
GLM tokens can be purchased on a variety of cryptocurrency exchanges, including Binance, Coinbase, and Kraken.
What is the future of the GLM token?
The future of the GLM token is dependent on the success of the Golem network. If the Golem network becomes a popular platform for computing, then the value of the GLM token is likely to increase.
Here are some additional details about the issuance price and quantity of GLM:
- The issuance price of GLM was determined by the Golem team based on a variety of factors, including the expected demand for the token and the cost of developing the Golem network.
- The total supply of GLM is limited to 1 billion tokens, which means that there will never be more than 1 billion GLM tokens in circulation.
- The Golem team has stated that they may release additional GLM tokens in the future, but only if they believe that it is necessary to support the growth of the Golem network.
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