Golem

About Golem

Golem is a decentralized peer-to-peer network that allows users to rent out their unused computing power to others who need it for tasks such as rendering CGI, scientific calculations, and machine learning.

The platform is powered by the Golem Network Token (GNT), which is used to compensate providers for their computing power and to pay for using the network. Golem aims to create a decentralized, global market for computing power, which could offer a cheaper and more efficient alternative to traditional cloud computing services.

About $GLM token

The Golem Network Token (GLM) is the native cryptocurrency of the Golem network. GLM is used as a means of payment on the network, allowing users to compensate providers for their computing power and to pay for using the network's services. GLM can also be used as a governance token, allowing holders to participate in the decision-making process for the future development of the Golem network.

The total supply of GLM is capped at 1 billion tokens, with the majority currently in circulation. GLM can be traded on various cryptocurrency exchanges and its price is subject to market forces, with its value fluctuating based on supply and demand.

How to buy $GLM with a payment card

1. Enter the amount of $GLM and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $GLM wallet

You are given the option to enter your $GLM wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $GLM with a credit and debit card.

$GLM analytics

1. Market Position and Adoption: GLM token is the native cryptocurrency of the Golem Network, an open-source, decentralized, and peer-to-peer computing network that allows users to rent their unused computing power to others. As of March 2023, GLM token is ranked #142 among cryptocurrencies and has a market capitalization of $220,628,154. The token is currently listed on several major cryptocurrency exchanges and has been added to 45,181 watchlists. However, the adoption of Golem Network and GLM token is still relatively low compared to other blockchain-based platforms.

2. Technology and Platform: The Golem Network is built on top of Ethereum blockchain and utilizes smart contracts to facilitate the renting of computing power. The network aims to create a decentralized marketplace for computing power, enabling anyone to become a provider or user of computational resources. GLM token is used as a medium of exchange within the Golem ecosystem, allowing users to pay for computing power and earn rewards for providing it. The platform is designed to support a wide range of use cases, including scientific simulations, machine learning, video rendering, and more.

3. Team: The Golem team comprises a group of experienced developers, researchers, and business professionals, including CEO Julian Zawistowski and CTO Piotr Janiuk. The team has a strong background in distributed systems, blockchain technology, and decentralized computing. Golem has also received funding and support from several prominent blockchain investors, including Polychain Capital and Pantera Capital.

4. Competition: The Golem Network faces competition from other decentralized computing platforms, including iExec, SONM, and Ankr. However, Golem distinguishes itself by focusing on high-performance computing and providing an easy-to-use platform for developers to build on. Additionally, Golem has already established partnerships with several industry players, including Blender and Intel.

5. Supply: The total supply of GLM token is fixed at 1 billion tokens, with all tokens already in circulation. This ensures that there will be no inflationary pressure on the token's value. However, the fact that all tokens are already in circulation may limit the potential for token price appreciation in the future.

$GLM risks

1. Market volatility: Like many cryptocurrencies, GLM is subject to market fluctuations and can experience significant price volatility. This can be influenced by a variety of factors such as changes in the overall market sentiment, regulatory developments, and competition from other blockchain projects.

2. Adoption challenges: Despite Golem's unique approach to distributed computing, there may be challenges in convincing users and businesses to adopt the technology. This could be due to a lack of understanding or familiarity with the technology, or due to competing solutions that are already established in the market.

3. Security risks: As with any blockchain project, there is always a risk of security breaches or hacks. Any successful attacks could cause a loss of user confidence in the Golem network and negatively impact the value of the GLM token.

4. Technology development challenges: Developing and maintaining the Golem network requires ongoing investment and development efforts. If the Golem team encounters unexpected challenges in implementing new features or scaling the platform, it could negatively impact the adoption of the technology and the value of the GLM token.

Potential market development triggers

1. Increased adoption of decentralized cloud computing: As the market for decentralized cloud computing grows, the demand for Golem's services is likely to increase, which could lead to a corresponding increase in demand for GLM tokens.

2. Expansion into new markets: Golem has the potential to expand its services beyond its current focus on computer-intensive tasks, such as rendering and machine learning, into other markets that require distributed computing solutions. This could result in increased adoption of Golem's platform and the corresponding increase in demand for GLM tokens.

3. Strategic partnerships: Golem has already formed partnerships with companies such as Polygon and Coinbase, which could help to increase the visibility and adoption of Golem's platform. Further strategic partnerships could lead to increased adoption of Golem's platform and the corresponding increase in demand for GLM tokens.

4. Development of new features and improvements to the platform: As Golem continues to develop its platform and introduce new features, it is likely to attract more users and customers. This could lead to increased adoption of Golem's platform and the corresponding increase in demand for GLM tokens.

5. Overall market growth: As the overall market for cryptocurrencies and decentralized platforms continues to grow, Golem is likely to benefit from increased exposure and adoption. This could lead to increased demand for Golem's services and the corresponding increase in demand for GLM tokens.