What is Golem (GLM)? How Does It Work?

Golem (GLM) was founded in 2016 by Julian Zawitowski, Andrzej Regulski, Piotr Janiuk and Aleksandra Skrzypczak and it was developed by the Golem Factory. Golem is a decentralized transaction network that offers different ways to distribute wasted computing power to those who need it. With Golem Network, users can connect with each other and share their unused resources.

In this article, you can find answers to the questions of what Golem (GLM) is, how it works, and how to store and get Golem (GLM).

What is Golem (GLM)? How does it work?

Golem Network’s native cryptocurrency is GLM, and it is an ERC-20 based token. Previously, Golem Network’s token was GNT, then it was changes to GLM in 2020.

The Golem network, with its cutting-edge architecture, allows project developers to create more innovative projects. Users can share their unused computing capacity with those who need them. Users who provide this sharing receive GLM as a payment in return. The Golem network is built on Ethereum layer 2.

GLM has a total supply of 1,000,000,000, all of which are in circulation.

How to Store Golem (GLM)?

Golem (GLM) is an ERC-20 based token. You can manage your GLM balances by using desktop, mobile and hardware wallets that support ERC-20 based Ethereum assets.

How to Buy and Sell Golem (GLM)?

You can use BtcTurk | PRO website or BtcTurk | PRO mobile application to buy and sell GLM with Turkish Lira and Tether. If you do not have an account on BtcTurk, you can register immediately by visiting our website or mobile application and get Golem (GLM) by sending Turkish Lira 24/7 with 7 different contracted banks.