Golem (GLM)

Rank #175

Market snapshot

Price
$0.091206
Market cap
$91.2M
24h volume
$2.9M
Circulating supply
1,000,000,000
Total supply
1,000,000,000
Max supply
1,000,000,000

What is Golem?

Golem is a decentralized platform designed to create a global supercomputer by allowing users to share their computing resources. This network enables developers and AI companies to access a vast pool of computational power, which can be utilized for various applications, including rendering, machine learning, and scientific simulations.

Key information

Symbol
GLM
CMC rank
#175
Network / platforms

Ethereum, Polygon

Categories
N/A
Date added
Nov 18, 2016

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

  • Ethereum

    0x7DD9c5Cba05E151C895FDe1CF355C9A1D5DA6429
  • Polygon

    0x0B220b82F3eA3B7F6d9A1D8ab58930C064A2b5Bf

Key characteristics

Golem is an open-source network where participants can earn GLM tokens by providing computing power for various projects. It operates on both the Ethereum and Polygon networks, with stored contract addresses present on both platforms. This structure supports a wide range of decentralized applications and services.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Golem (GLM)?
Golem (GLM) is a decentralized network that allows users to share their computing power to create a global supercomputer.
What are the technical characteristics of Golem?
Golem is an open-source network that operates on the Ethereum and Polygon platforms, enabling participants to earn GLM tokens by providing computing resources.
What are the risks associated with transferring Golem (GLM)?
Digital asset prices can be volatile. Users should verify the contract address and network before transferring assets, and understand the risks of self-custody.
How can I verify Golem (GLM) before acquiring it?
Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct and review your custody method.
Where can I find official resources for Golem?
Official resources for Golem can be found on their website at https://golem.network/ and their whitepaper at https://golem.network/doc/Golemwhitepaper.pdf.

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