GLM/USDT: A Comprehensive Guide to the Native Token of the Golem Network9

Introduction

Golem (GLM) is the native cryptocurrency of the Golem Network, a decentralized supercomputer that allows users to rent out their computing power. The Golem Network aims to provide a more cost-effective and efficient way to perform computing tasks compared to traditional cloud computing services. In this article, we will provide a comprehensive overview of GLM, discussing its use cases, technical specifications, and market performance.

Use Cases of GLM

GLM has several key use cases within the Golem Network:
Paying for Computing Resources: Users who want to utilize the computing power of the Golem Network must pay for it using GLM.
Rewarding Node Providers: Node providers who contribute their computing power to the network are rewarded with GLM for their contributions.
Governance: GLM holders have the right to participate in the governance of the Golem Network by voting on proposals and making decisions about the network's future development.

Technical Specifications of GLM

GLM is an ERC-20 token that runs on the Ethereum blockchain. It has the following technical specifications:
Token Name: Golem
Token Symbol: GLM
Blockchain: Ethereum
Token Standard: ERC-20
Total Supply: 1,000,000,000 GLM

Market Performance of GLM

GLM has been traded on various cryptocurrency exchanges since its launch in 2017. Its price has fluctuated over time, influenced by factors such as market conditions, network developments, and overall cryptocurrency trends. Here's an overview of its market performance:
All-Time High (ATH): $1.19 (November 26, 2021)
All-Time Low (ATL): $0.0187 (March 13, 2020)
Current Price: $0.32 (as of September 14, 2023)
Market Cap: $320 million (as of September 14, 2023)

Conclusion

GLM is an integral part of the Golem Network, facilitating the exchange of computing resources and rewarding node providers. Its use cases, technical specifications, and market performance make it a valuable asset within the decentralized computing ecosystem. As the Golem Network continues to evolve, GLM is expected to play a crucial role in its future growth and adoption.

2024-11-15

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