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Golem Network Token Overview
24h High
$0.16
24h Low
$0.13
24h Change
-6.94%
7d Change
+4.68%
30d Change
-28.18%
Volume 24h
$21.54M
Market Cap
$93.25M
Circulating Supply
662.19M GLM
Golem Network Token News
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About Golem Network Token
Golem Network Token (GLM) is a digital currency used as a means of exchange on the Golem Network, a decentralized platform for computing power. Created by Golem Factory GmbH, GLM is an ERC-20 token built on the Ethereum blockchain. It is used to pay for services such as rendering graphics, scientific research, and machine learning, and to incentivize computing power providers on the network. GLM can also be traded on cryptocurrency exchanges and stored in digital wallets.
GLM is the native token of the Golem Network and serves multiple functions:
- Payment for Computing Power: GLM is used as the primary medium of exchange between users who need computational resources and those who provide them.
- Incentives for Providers: Users who share their computing resources are rewarded in GLM tokens.
- Access to Services: Requestors use GLM to pay for specific computational tasks, such as rendering or machine learning model training.
Golem Network provides decentralised computing resources that can be utilised for artificial intelligence (AI) and machine learning applications. AI-related use cases include:
- Machine Learning Model Training: Distributed computing power can be used for training complex AI models.
- Data Processing for AI Applications: Users can leverage Golem’s infrastructure to run AI algorithms that require high-performance computing.
- Decentralised AI Workflows: Golem allows AI developers to distribute workloads across multiple independent providers instead of relying on centralised cloud services.
Golem Network Token (GLM) was created by Golem Factory GmbH, a software development company based in Germany. The company was founded in 2016 by Julian Zawistowski and Piotr Janiuk.
Golem Network Token Markets
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Golem Network Token Platforms
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Golem Network Token Market Data
The live Golem Network Token price today is $0.13 USD with a 24-hour trading volume of $21,535,754.80 USD. We update our GLM to USD price in real-time. Golem Network Token is down 6.94% in the last 24 hours.
The current market cap is $93,248,563.93 USD, ranking #225 by market capitalization. The circulating supply is 662,194,131 GLM.