• Golem Network is an open-source platform for democratized access to digital resources.

  • GLM is the project's native token and it has several practical uses:

    • Paying for computing power: App developers can use GLM tokens to pay for computation and network based tasks within the Golem Network. It allows users to access and utilize the Golem's decentralized compute and network resources conveniently.

    • Earning tokens by sharing computer resources: People who share their idle hardware resources on the Golem Network can earn GLM tokens as a reward.

  • The project consists of the following major components working in conjunction:

    • Open-Source and Censorship-Resistant Protocol: The Golem Network welcomes everyone to join and contribute, promoting a decentralized ecosystem based on shared knowledge and community-driven development. It's an invitation to be part of something bigger and make a positive impact.

    • Decentralized Marketplace for Computing Power: Users can connect with each other directly and exchange GLM tokens for utilizing their underutilized computer resources. It's a way to empower individuals and create a supportive community where everyone benefits.

    • Parallel Processing Execution: Golem allows to break down tasks into smaller subtasks and distributes them across multiple providers, enabling parallel processing. This approach boosts efficiency and speeds up the completion of complex computations. It's like a collaborative effort where many hands make light work, leading to impressive results.

  • As of 24th of May, 2023, the maximum and total token supply of GLM token is 1,000,000,000. The current circulating supply is 1,000,000,000 (100% of the total token supply).

  • Learn more about the token distribution here.