Published: Mar 05, 2018

Golem (GNT)

Website

Status

ICO

A decentralized worldwide supercomputer. Golem can be used by anyone to sell computing time over the web

Whitepaper

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Interest lvl

Updated: May 04, 2018

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User Rating

Medium

3/5 • 1 votes

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Ticker

GNT

FoundedPoland

Registration countryPoland

What is Golem

Golem Net is a P2P network created by the computers (nodes) running Golem App. Any user may use Golem App to send any computing task to the network. Any user may use Golem App to lend a machine to others. An Ethereum-based payment system is used to clear transactions between senders and receivers. Example industries: - Computer graphics Photorealistic rendering - Big data analysis - Machine learning Image recognition - Cryptography Cryptocurrency mining - Computational biology DNA analysis - Computational physics Particles simulation

Token Sale Dates

ICO

Start date: Nov 10, 2016

End date: Nov 10, 2016

Funding Details

Funds Raised (as of now) 8,000,000 USD

Token distribution

The Golem Network Token ("GNT") account is a core component of Golem and is designed to ensure flexibility and control over the future evolution of the project. GNT is created during the crowdfunding period (described in this whitepaper) and, following the first major release of Golem, GNT will be attributed a variety of functions in the Golem network. ● Payments from requestors to providers for resource usage, and remuneration for software developers is going to be exclusively conducted in GNT. ● Once the Application Registry and Transaction Framework are implemented, GNT will be necessary for other interactions with Golem, such as submitting deposits by providers and software developers or participation in the process of software validation and certification (as described in the Application Registry section). ● The general conditions for using GNT will be set in the Transaction Framework, but specific parameters of these interactions will be possible to define within each software integration. The Golem Network Token is a token on Ethereum platform. Its design follows widely adopted token implementation standards. This makes it easy to manage using existing solutions including Ethereum Wallet. ● Maximum number of tokens created during crowdfunding period: ○ Total: 1 000 000 000 (100%) ○ Crowdfunding participants: 820 000 000 (82%) ○ Golem team 60 000 000 (6%) ○ Golem Factory GmbH 120 000 000 (12%) ● Sending 1 ether to the GNT account will create 1 000 GNT ● No token creation, minting or mining after the crowdfunding period. ● Tokens will be transferable once the crowdfunding is successfully completed.