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• It is built on the Ethereum network and utilizes all of its features.
• It was earlier with the name of GNT token but then migrated to GLM.
• It is an Ethereum ERC-20 token.
• It has a market capitalization of more than $400 million.
• It has a circulating supply of 1 billion coins, and there is no cap on maximum supply.
Golem was launched on April 10, 2018, after its GNT token sale that went live in 2016 and sold all coins within 29 minutes.
It started with a vision to utilize the computing power of spare computers and distribute it to users. Golem is a decentralized computation network that works on the principle of distributing the computing power to users in return for tokens. Its Peer to Peer network allows people to upload their tasks while the network breaks them down into smaller segments and distributes them to network requestors. Golem tokens are paid to requestors who successfully complete the task.
• Golem is a P2P crypto with faster payments.
• It is used as a method of payment on the Golem network.
• Users are awarded their native crypto after supplying the resources to the Golem network.
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Golem is a decentralized computation network that works on the principle of distributing the computing power to users in return for tokens.
1. How Can I Buy Golem In India?
CoinSwitch App is the simplest way to buy Golem in India. Sign up now and start investing with ₹100
2. Can I Buy Golem Directly?
To buy Golem directly, you can engage in a P2P (Peer to Peer) trade. There are a number of decentralized exchanges available that help to connect with a seller, or you can buy directly from someone who holds Golem. However, these ways look very lucrative, but they aren’t.
Decentralized exchanges have complex functionality, and for taking the P2P route, you would need a trusted seller. The reason why these are opted only by Pro traders.
If you are new to crypto, you might want to take the simplified route and Download the CoinSwitch App!
3. How to Buy Golem Stock?
You can buy Golem in just 4 steps on CoinSwitch:
• Open the CoinSwitch App, click on the Market tab from the bottom navigation, and select Golem.
• Click on the ‘Buy’ button.
• Enter the amount that you would like to buy Golem for, say ₹100, and click on the ‘Preview Buy button
• Check all the details of your order and proceed by clicking ‘Buy.’
Congratulations, you just bought your first Golem!
4. What Price To Buy Golem (GLM)?
There is no right price to buy crypto as with the developments, the price changes frequently. Crypto can be more valuable as time passes which will result in higher prices, and there would only be regret left for not buying it at the earlier price.
Instead, you can invest small amounts periodically and balance the opportunity and risk. Start investing in Golem for as low as ₹100
5. What Time To Buy Golem?
There is no clock that shows the best time for building up your assets. If you are someone who looks for the prices to dip and then make the investment, you are missing out on the possible returns if you would not be starting now.
Start with small amounts and use them over a period of time; however, you can always choose to invest a lump sum amount when the Golem is undervalued.
6. What Platform To Buy Golem (GLM)?
Golem is available on a variety of platforms, but the only difference is the experience that matters. Just as some food aggregators provide a one-click process, and some make it a 5-minute work to fill in all the details again.
The market is full of crypto apps that are too complex and can make your buying experience horrible; however, CoinSwitch allows you to buy cryptos easily and remove all the hassles.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
