List of Golem(GLM) currency issuance and listed trading platforms

GLM is the native cryptocurrency of the Golem Network, a decentralized supercomputing platform that allows users to rent out their idle computing power.

Dec 18, 2024 at 10:56 pm

List of Golem(GLM) Currency Issuance and Listed Trading Platforms

Key Points

• Golem (GLM) is the native cryptocurrency of the Golem Network, a decentralized supercomputing platform that allows users to rent out their idle computing power.
• GLM was launched in 2016 via an initial coin offering (ICO).
• GLM is used to pay for computations on the Golem Network, stake for rewards, and vote on governance proposals.
• GLM is listed on several major cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

Golem (GLM) Currency Issuance

• ICO: Golem raised $8.6 million in its ICO, which ran from November 11 to November 18, 2016.
• Total Supply: The maximum supply of GLM is 1 billion tokens.

• Token Distribution:

  • 51% - ICO participants
  • 29% - Golem Foundation and team
  • 10% - Golem Development Fund
  • 10% - Token Holder Rewards

Listed Trading Platforms for Golem (GLM)

• Binance: Binance is the largest cryptocurrency exchange by trading volume and lists GLM for trading against BTC, ETH, and USDT.
• Coinbase: Coinbase is a popular exchange known for its user-friendly interface and security features. GLM is listed on Coinbase for trading against BTC, ETH, and USDT.
• Kraken: Kraken is a long-standing cryptocurrency exchange offering a wide range of trading pairs. GLM is listed on Kraken for trading against BTC, ETH, and USDT.
• Huobi Global: Huobi is an Asian-based exchange and one of the largest by trading volume. GLM is listed on Huobi for trading against BTC, ETH, and USDT.
• OKX: OKX is another Asian-based exchange that offers a variety of trading products. GLM is listed on OKX for trading against BTC, ETH, and USDT.

Additional Details

• GLM Use Cases:

  • Paying for Computations: GLM is used to pay for access to computing resources on the Golem Network. Buyers of computing power can directly pay sellers in GLM, without the need for intermediaries.
  • Staking: GLM holders can stake their tokens to earn rewards. Staking helps secure the network and validate transactions.
  • Governance: GLM holders can vote on key governance proposals related to the future development of the Golem Network.
• GLM Price History: GLM has experienced significant price volatility since its launch. It reached an all-time high of over $1.20 in January 2018, but has since fallen to a fraction of that value.
• GLM Market Overview: The GLM market is characterized by high liquidity and active trading. The token has a large and diverse community of supporters, and it is considered a promising investment in the decentralized computing sector.

FAQs

What is the purpose of Golem (GLM)?
Golem is a decentralized supercomputing platform that allows users to rent out their idle computing power. GLM is the native cryptocurrency of the network and is used to pay for computations, staking, and governance.

How can I buy GLM?
GLM can be purchased on several major cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

What is the future outlook for GLM?
The future outlook for GLM is positive. The Golem Network is a promising project with a strong team and a dedicated community. As the demand for decentralized computing grows, GLM is likely to benefit from increased adoption.

Is GLM a good investment?
GLM is a volatile asset, and its price can fluctuate significantly. However, many investors believe that GLM has strong long-term potential due to the growing demand for decentralized computing.