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Golem Network Token

Golem Network Token (GNT)

$ 0.05
Main info
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Analytics
Market cap
$51.67M
Circulating supply
1,000,000,000 GNT
Total supply
1,000,000,000 GNT

About Golem Network Token

Overview of Golem

Golem is the first truly decentralized, global market for computing power. Combined with flexible tools to aid developers in distributing and monetizing their software, Golem altogether changes the way compute-intensive tasks are both organized and executed.

Future Impact

Golem is set to become one of the key building blocks of future Internet by providing a platform for decentralized microservices. And, by substantially lowering the price of computations, complex applications such as CGI rendering, scientific calculation, and machine learning become more accessible to everyone.

Golem Network Token (GNT)

The Golem Network Token (GNT) account is created during the crowdfunding. GNT is a crucial element of Golem network and will be designed to ensure flexibility and control over future evolution of the project. Following the first release version of Golem, GNT will be attributed a variety of functions in the Golem network.

Key data

updated $0
Market cap$51.67M
Volume 24h$0
Circulating supply1B

Golem Network Token (GNT) is the native cryptocurrency of the Golem Network, a decentralized marketplace for computing power. It allows users to rent out idle computer resources or pay for others' computational power. Think of it as Airbnb for spare CPU/GPU cycles.

Frequently asked questions

What is Golem Network Token and how is it different?

GNT is a utility token specifically designed for the Golem Network, unlike general-purpose cryptocurrencies. It focuses solely on facilitating decentralized computing power transactions between providers and requestors.

How does Golem's technology work?

Golem uses a peer-to-peer network where providers offer unused computing resources, and requestors pay with GNT for tasks like CGI rendering or scientific calculations. Smart contracts ensure secure transactions.

How is GNT issued and distributed?

All 1 billion GNT tokens were created at launch with no further minting. The supply is fixed, with tokens initially distributed through an ICO and now circulating on exchanges.

How to store and use GNT?

GNT is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet like MetaMask. To use it, you'll need ETH for gas fees when transacting on the Golem Network.