Polygon Ecosystem

<p>GLM is an ERC-20 token hosted on the Ethereum blockchain. It is a utility token that gives its owners access to the Golem Network. It is also the virtual currency required to perform peer-to-peer transactions for making use of digital resources via the Golem Protocol. This protocol is designed to allow network participants to lease out their computers’ idle processing capabilities to other users.</p><p>Think of Golem as a decentralized supermarket for information technology resources. Cloud computing has been around for a while, but it is now a publicly available user-driven system.</p><p>Golem was founded by a group of cryptocurrency enthusiasts led by Piotr Janiuk. The project’s mission is to develop a proxy-free and censorship-resistant protocol that would provide global access to computing power.</p><h3>How Does GLM Coin Work?</h3><p>Golem Network can be described as a global, decentralized, and affordable open-source supercomputer. This supercomputer consists of the computing resources offered by other members of the network.</p><p>GLM token gives users the opportunity to loan out the computing capabilities of their machines (be it a PC or an entire data center) to other users of the network who require that additional processing power. With such a supercomputer at hand, users no longer need to own a lot of advanced hardware to complete complex and high-performance computing operations.&nbsp;</p><p>Supercomputers are gaining momentum because they offer users large amounts of, yet highly affordable, computing power. However, in today’s reality, owning a supercomputer can be quite expensive. Moreover, no software yet exists that could efficiently support such great computing capacity without some issues.</p><p>This is where Golem enters the stage by bringing all the benefits of a supercomputer to ordinary users. Golem aims to contribute to the idea of decentralization by creating an open-source decentralized supercomputer that is available to everyone, irrespective of their physical location.</p><p>Let’s see Golem in action.&nbsp;</p><p>A customer needs to purchase GLM in some marketplace to use tokens as payment for computing resources on the network. Before making a payment, it is possible to see the level of trust of each user and select a popular/trusted node.</p><p>Once the node is selected, the customer’s device connects with another peer-to-peer, via nodes. Your device must also remain online and be available 24/7 to a potential requestor. All users’ computers are divided into nodes. If a customer purchases your node, its processing power is distributed across all PCs in the node. If your machine is available at this moment, then computations are done, and you get rewarded.</p><p>All deals are recorded in the platform’s blockchain. If your node is not available at a particular moment, then the task will be allocated to other units. Smart contracts ensure the security of all operations, computations, and payments.</p><h3>Advantages of Golem Network:</h3><ul><li>Golem software simplifies trading by connecting users who don't have enough resources they need to complete projects with those who can offer their spare computing power.</li><li>Golem Coin can become a source of passive income as contributors receive Golem tokens every time they decide to share unused computer capacity.</li><li>Golem SDK offers tools allowing developers to build decentralized applications on top of the platform.</li></ul><h3>Where to Buy Golem Tokens?&nbsp;</h3><p>Bear in mind that Network’s former token GNT is migrating now. Following the substantial rewrites of the Golem code, the project is migrating from the GNT token to the new ERC20-compliant GLM token that enables Golem to leverage layer 2 solutions of Ethereum for transactions, crypto exchanges, and decentralized finance. Users can convert their GNT to GLM at a&nbsp;1:1 ratio with no deadlines.</p><p>The good news for many crypto enthusiasts is that Golem Crypto can be bought for fiat at some cryptocurrency exchanges. For example, Bitfinex, Voyager, and Bitvavo allow you to buy GLM for US dollars and Euros.&nbsp;</p><p>Many other crypto marketplaces offer the opportunity to buy Golem tokens for other cryptos, including Uniswap, Gate.io, Binance, Poloniex, HitBTC to name a few. Overall, GLM is a well-performing virtual currency that is listed on many big crypto exchanges worldwide.&nbsp;</p><h3>How Can You Use GLM Tokens?</h3><p>Pay for services: GLM is the Golem network’s native token necessary to pay for services.&nbsp;</p><p>Exchange Golem: users can buy and sell Golem through crypto marketplaces.</p><p>Investment: users can buy GLM tokens via a cryptocurrency exchange and hold the assets for a short or long period to re-sell when the price moves up.</p><h3>Where Can You Store GLM Crypto?</h3><p>As an Ethereum-based asset, Golem Coin can be held in any wallet that supports ERC20-standard altcoins. The project itself recommends storing your GLM tokens in such wallets as MyCrypto, MyEtherWallet, Ledger Live, Exodus, and Freewallet.</p><h3>Is Golem Token Minable?</h3><p>It is impossible to mine GLM tokens. The only way to get GLM is by leasing out your computing resources on the Golem network to requestors.</p>

Public Round

Team

Incentives

Golem

Golem is a global, open source, decentralized supercomputer which can be accessed by anyone.

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

Filters

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Analyze a price difference for %name% pairs between different exchanges and markets to find the most profitable chains

%name% Arbitrage Opportunities

GolemGLM

Golem Arbitrage