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Golem

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About Golem (GNT)

The Golem Network is a decentralized cloud computing network.

Launched in late 2016, Golem’s project is to build a global, peer-to-peer supercomputer over a distributed network, powered by users spending and earning GNT token. Users are split into two groups: Requesters and Providers. Requesters pay GNT to Providers for use of their excess computational power (CPU, GPU, RAM, or disk space). Golem currently operates as a decentralized alternative to more established cloud computing solutions (Amazon, Microsoft, IBM).

Token

GNT is the digital asset token used to pay for services on the Golem network. It is built on Ethereum in accordance with the ERC20 standard for tokens. GNT can be bought and sold for fiat currency or other digital currencies.

GNT can be purchased on a cryptocurrency exchange and stored in a crypto wallet and custodian like Gemini.

Supply

The supply of GNT tokens is fixed at 1 billion.

Golem website

Golem whitepaper (2016)

The pricing data and asset description above are for general informational purposes only and are not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult with your own appropriately qualified and licensed advisors before engaging in any transaction on Gemini. Some data is provided by Messari, a third party that is not affiliated with Gemini.