Glm market supply

Nov 09, 2024回答

GLM Market Supply Overview

The Golem Network Token (GLM) is a key player in the decentralized computing market. It serves as the currency within the Golem Network, facilitating the exchange of computational power between users. This report provides a concise overview of the GLM market supply, its role in the Golem ecosystem, and recent market trends.

What is Golem?

Golem is an open-source, decentralized computing platform that allows users to buy and sell computing power. It functions as a peer-to-peer marketplace where users, known as Requestors, pay Providers in GLM tokens to perform computational tasks. This setup enables efficient distribution and processing of complex computations (CoinMarketCap).

GLM Token Details

  • Token Type: GLM is a non-mineable, premined token.
  • Total Supply: The Golem Network has a fixed supply of GLM tokens, with a hard cap of 820,000 ETH raised during its ICO (Live Coin Watch).
  • Circulating Supply: As of November 9, 2024, the circulating supply of GLM is 1 billion tokens (CoinDesk).

Market Performance

  • Current Price: The price of GLM is $0.31534117, with a 24-hour trading volume of $17.19 million (CoinDesk).
  • Market Cap: The market capitalization of GLM stands at $315.34 million (CoinDesk).
  • Recent Price Movement: Over the last 24 hours, GLM's price has increased by 2.51% (CoinDesk).

Role in the Golem Ecosystem

GLM is essential for the Golem ecosystem. It acts as the medium of exchange for computational power. Requestors set bids in GLM for tasks, while Providers earn GLM by completing these tasks. This token-based economy ensures efficient resource allocation and incentivizes participation from both parties (CoinMarketCap).

Community and Development

Golem fosters a vibrant community of developers and users. Its open-source nature encourages innovation and continuous improvement. Developers can contribute to the platform or create applications that utilize its computing power, making Golem a dynamic and evolving ecosystem (CoinMarketCap).

Conclusion

The GLM token plays a crucial role in the Golem Network, enabling a decentralized marketplace for computational power. With a fixed supply and active community, GLM continues to be a significant player in the decentralized computing space. Its recent market performance reflects its growing importance and utility within the ecosystem.