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Reasons to Buy Golem

• – 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.

Things to consider before buying Golem

• – Golem is a P2P cryptocurrency with faster payments.
• – It is used as a method of payment on the Golem network.
• – Users are awarded their native cryptocurrency after supplying the resources to the Golem network.

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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.