Golem Price

Golem (GLM) is a utility token powering the Golem Network, a decentralized marketplace for computing power. Currently ranked #253 with a price of $0.1429, GLM facilitates peer-to-peer transactions for renting idle computing resources. The token has seen -0.97% change in the last 24 hours, with trading volume at $24.31K. GLM operates primarily on the Ethereum blockchain and has expanded to the Polygon ecosystem. With a market cap of $142.9M and a circulating supply of 1B GLM, GLM has a maximum supply cap of 1B GLM. The token supports Golem's distributed computing platform, which focuses on AI, big data processing, and Web3 infrastructure as part of the growing DePIN (Decentralized Physical Infrastructure Networks) sector. Users can earn GLM by sharing their computing resources or spend tokens to access computational power from the network.

Golem was created on November 11, 2016, as the original Golem Network Token (GNT). However, in late 2020, the project migrated from GNT to GLM, which is an ERC-20 compliant token on the Ethereum blockchain. This migration was a significant upgrade that enabled the Golem Network to better leverage Layer 2 solutions for payments, decentralized exchanges, and DeFi functionality. The token maintains its original purpose of powering the Golem Network's distributed computing platform, which focuses on AI, big data, and Web3 applications.

Golem was founded by a team of four individuals: Julian Zawistowski (CEO), Piotr Janiuk (CTO), Aleksandra Skrzypczak, and Andrzej Regulski. They established Golem Factory in 2016 to develop the Golem project, which aims to create a decentralized marketplace for computing power. The founding team has extensive experience in technology and blockchain development, with Julian Zawistowski leading the vision as the project's CEO. Since its inception, the team has been working to build a global, open-source, decentralized supercomputer accessible to anyone.

Golem (GLM) is a decentralized cryptocurrency that powers the Golem network, a peer-to-peer marketplace for computing resources. It operates on the Ethereum blockchain as an ERC-20 token. The GLM token facilitates transactions between users who need computing power (requestors) and those who provide it (providers). Here's how it works: 1. Providers rent out their unused computing resources and receive GLM as payment 2. Requestors pay with GLM to access these distributed computing resources 3. Smart contracts automatically handle payments and task distribution The network specializes in distributed computing for AI, big data processing, and Web3 applications. With a current price of $0.1429 and market cap of $142.9M, GLM ranks #253 among cryptocurrencies. The total supply is capped at 1B GLM, with 1B GLM currently in circulation. The token enables a decentralized marketplace where anyone can monetize their idle computing power or access resources without relying on centralized cloud providers.

Golem operates on a decentralized architecture that enables distributed computing across a global network of providers. The technical framework consists of: 1. ERC-20 token on Ethereum blockchain with additional support on Polygon network 2. Task template system that allows requestors to split complex computational tasks into subtasks 3. Node network where providers offer computing resources and execute tasks 4. Payment protocol using GLM tokens to compensate resource providers 5. Verification mechanism ensuring accurate task completion The architecture supports distributed computing for AI, rendering, machine learning, and data analysis. Golem's technical design prioritizes scalability and security through its smart contract implementation, allowing seamless resource sharing across the network while maintaining transaction integrity.

Golem has a promising future with a clear roadmap focused on expanding its distributed computing network. The team is developing enhanced AI capabilities, improving network scalability, and strengthening DePIN infrastructure through 2026-2027. Key milestones include protocol upgrades, new developer tools, and expanded use cases in Web3 and AI computing markets. Currently ranked 253 with a price of $0.1429, Golem aims to increase adoption through strategic partnerships and community governance initiatives. The project's long-term vision includes becoming a leading decentralized computing resource by 2031, with projected price growth potential as demand for distributed computing resources increases. The maximum supply is capped at 1B GLM, with 1B GLM currently in circulation, providing a solid tokenomic foundation for future growth.