GLM
GOLEM
GLM

GOLEM price

in GBP
£0.16206
-£0.0067059 (-3.98%)
GBP
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Market cap
£161.46M
Circulating supply
1B / 1B
All-time high
£1.268
24h volume
£7.98M
2.8 / 5
GLMGLM
GBPGBP

About GOLEM

GLM (Golem) is a cryptocurrency that powers a decentralized marketplace for computing power. It enables users to rent out their unused computer resources or tap into a global network of shared processing power for tasks like rendering graphics, machine learning, and scientific calculations. By connecting providers and requestors directly, Golem aims to create a more efficient and affordable alternative to traditional cloud services. The GLM token is used to pay for these services within the ecosystem, rewarding contributors for their idle computing resources. This peer-to-peer approach makes high-performance computing accessible to individuals and businesses alike, fostering innovation in fields like AI, CGI, and data analysis without centralized control.
AI insights
AI
DePIN
Official website
White Paper
Github
Block explorer
CertiK
Last audit: Nov 27, 2023, (UTC+8)

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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GOLEM’s price performance

Past year
-36.13%
£0.25
3 months
-0.33%
£0.16
30 days
-7.84%
£0.18
7 days
-12.44%
£0.19

GOLEM on socials

Jul ✨ SheFi Global Community Lead
Jul ✨ SheFi Global Community Lead
enormous congratulations to the lucky 30 people & projects selected for @OctantApp epoch 9! octant is still one of my favourite projects in crypto. if you don't stake GLM with octant... you should. you can allocate your rewards to AMAZING projects each quarter! DO SOME GOOD 🖤
Octant
Octant
Last month, we announced our Epoch 9, in collaboration with @ethereumfndn's Strategic Funding Coordination team. Our first ever epoch focused on moving the needle on growing Ethereum through storytelling and content. We were BLOWN AWAY with the reception of this Epoch. It was our toughest epoch to date, and we really gave it everything we had. From a thorough process to figuring out support for those who didn't make it... we've been hard at work every single day. Trying to figure out how we can do it all, in the best way possible. So let's break down what happened: - Over 757 hours that went into the review phases over the last 4 weeks. - We had our most vigorous vetting and review process. Every application had at least 4 reviewers at a minimum. - We had 4 reviews phases with reviewers cross-checking, comparing, evaluating, and digging deeper into every single application. - Our decision for the final 30 was based on a variety of factors including past work, content formats, channels, audiences, and quality of work. - We hosted a closed session sharing notes on the process and some general comments + constructive advice on how folks can do better moving forward. And now, without further do. Our Epoch 9 cohort. CONGRATS to: ⭐ @davidzmorris and @theragetech ⭐ @zachxbt ⭐ @lablockatoon ⭐ @Artem_Oak ⭐ @crypto_altruism ⭐ @illshin ⭐ @0xBlixa ⭐ @rileybeans_ ⭐ @dabit3 ⭐ @IvieSatijn ⭐ @pplpleasr1 ⭐ @lou3ee ⭐ @ChicoPlantas ⭐ @fullvaluedan ⭐ @0xPatchara ⭐ @castacrypto ⭐ @brookejlacey ⭐ @geniusyinka ⭐ @EthereumFilm ⭐ @nataliecrue ⭐ @nonplayablecin ⭐ @brucexu_eth ⭐ @jaymayday_eth ⭐@rumshq with @Evan_Mann, @Alexfacelesslbs, and @CoinGuideWW ⭐ @jaymayday_eth ⭐ @0xJaehaerys ⭐ @shefiorg and @maggielove_ ⭐ @__Raiders ⭐ @not_qz with @theCUBE ⭐ @AtehOfficial So what's next: - We've realized there's a need for programs that support and level up creators. We're figuring out how to best offer support layers here and will have more to share soon. - We're opening up other grants opportunities and will be sharing these over the next few days. We want to see creators thriving, experimenting, and getting better at their craft. We're going to do what we can to play a supportive role here. - We've got @rhizome micro grants that are accessible by design. and most importantly, our allocation window for Epoch 9 will be open from 8 Oct - 22 Oct. Your allocations are where the real magic will help. Time to allocate and drive Ethereum forward. 💝
666
9
Sebastian
Sebastian
$POLYTALE is the $AIXBT of prediction markets, but with something $AIXBT never had: the official @PolymarketBuild badge.🏅 That means she is recognized, affiliated, & embedded in the $10B+ prediction market ecosystem. @polytaleai $1m MC - $fet $grt $tibbir $kta $akt $glm $glq
2.37K
15
OAK Research
OAK Research
✨ OAK Research x @OctantApp Epoch 9 We are proud to announce that OAK Research has been selected among 29 other projects for Octant Epoch 9. Being part of this cohort is an honor, and a recognition of our mission: to make Ethereum research accessible, reliable, and lasting. Today, OAK Research publishes independent, in-depth analysis of the Ethereum ecosystem: from protocol upgrades to technical innovations, with the goal of serving both Ethereum users and the broader crypto community. We strive to make complex topics understandable while keeping transparency at the core of our work. This Epoch also gives us the chance to address a unique responsibility. Last year, the collapse of the 2077 Collective left contributors unpaid and valuable research not accessible anymore. With the support of the community, we recovered 55 articles that deserve to remain part of Ethereum’s knowledge base. Our proposal ensures these resources are preserved, contributors are compensated, and, where possible, onboarded into OAK Research to continue their work. Whether the allocation we receive is modest or substantial, our priorities are clear: ▫️ Secure a permanent home for recovered Ethereum research. ▫️ Provide fair recognition to contributors who were left behind and pay them what they are due. ▫️ Expand our platform so OAK Research can host and produce new Ethereum-focused analysis. We are grateful to @OctantApp for trusting us with this responsibility and to the Ethereum community for standing with us. If you are staking $GLM this Epoch, we invite you to consider allocating your rewards to OAK Research. Your support strengthens our ability to serve as a lasting hub for Ethereum research, one built on transparency, accountability, and resilience. Research deserves to be remembered, not forgotten.
Gallery 1
Octant
Octant
450+ applicants. 4 review phases. 30 projects. Our biggest epoch yet: Epoch 9.
6.71K
22
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GOLEM FAQ

Golem is a blockchain-based infrastructure that enables the convenient P2P exchange and utilization of cloud computing resources. It addresses existing industry challenges by providing a decentralized solution.

GLM is the native token of the Golem network. Holding GLM grants users access to computing resources on the platform. Additionally, GLM serves as a P2P payment tool for users who share or rent idle resources within the network.

Easily buy GLM tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the GLM/USDT trading pair.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for GLM with zero fees and no price slippage by using OKX Convert.

Currently, one GOLEM is worth £0.16206. For answers and insight into GOLEM's price action, you're in the right place. Explore the latest GOLEM charts and trade responsibly with OKX.
Cryptocurrencies, such as GOLEM, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GOLEM have been created as well.
Check out our GOLEM price prediction page to forecast future prices and determine your price targets.

Dive deeper into GOLEM

In the rapidly evolving world of blockchain technology, new projects constantly emerge to tackle existing challenges. One such solution is decentralized computing, which aims to overcome the inefficiencies and high costs associated with traditional centralized structures. Golem (GLM) is at the forefront of this movement, offering a solution to revolutionize computing by leveraging the power of decentralized networks.

What is Golem 

Golem is a community-driven network that enables the exchange of unused hardware and software capabilities. Users with idle computing resources can contribute their spare capacity to the Golem network, creating a decentralized marketplace for IT resources. 

Unlike traditional cloud services, Golem fosters a peer-to-peer (P2P) and user-controlled system, empowering individuals to rent computing power and access the necessary tools in a seamless and cost-effective manner. 

The Golem team 

Based in Poland, Golem was founded by Piotr Janiuk, Julian Zawistowski, and Aleksandra Skrzypczak. Serving as the CEO, Director of the Golem Foundation, and COO, respectively, these tech-savvy individuals have decades of combined experience in the computing industry. The team also comprises renowned developers, marketers, and sales experts.

How does Golem work 

Golem utilizes blockchain technology to create a sustainable and transparent ecosystem for sharing idle computing power, allowing users to easily share their computing resources with others in exchange for compensation.

By leveraging blockchain, Golem ensures that transactions between users are recorded and permanently stored, promoting transparency in the industry. The integration of smart contracts further enhances the platform, enabling the creation of a decentralized, secure, and seamless infrastructure with a reliable payment system.

This decentralized approach to computing power opens up new possibilities and opportunities for individuals and businesses alike.

Golem’s native token: GLM 

GLM is the native ERC-20 token of the Golem network, initially known as GNT. The token serves as fuel for Golem, enabling users to rent computing resources and execute smart contracts on the network. Additionally, users who share their idle computing resources receive GLM tokens in return.

GLM tokenomics 

GLM has a maximum supply of 1 billion tokens, all of which are currently in circulation. 

GLM use cases 

GLM is a vital component in powering the Golem network, facilitating P2P transactions for renting and loaning computing resources within the network. Additionally, GLM token holders can stake their tokens for additional rewards and participate in Golem’s ecosystem governance and decision-making processes.

Distribution of GLM 

GLM is distributed as follows: 

  • 82 percent was sold during the token sale. 
  • 12 percent was set aside for future developments and project expansion plans. 
  • 6 percent is held by the team and early project contributors.

What does the future hold for Golem 

Golem is dedicated to building a future where accessibility to computing resources is seamless and efficient. The team is focused on introducing innovative features and tools that will create a genuine, secure, and transparent infrastructure for cloud computing resources. Through ongoing development and advancements, Golem aims to revolutionize the way computing resources are accessed and utilized.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Golem Network Token
Consensus Mechanism
The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency.
Incentive Mechanisms and Applicable Fees
The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity.
Beginning of the period to which the disclosure relates
2024-09-24
End of the period to which the disclosure relates
2025-09-24
Energy report
Energy consumption
93.15602 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
£161.46M
Circulating supply
1B / 1B
All-time high
£1.268
24h volume
£7.98M
2.8 / 5
GLMGLM
GBPGBP
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