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FAQ:
Q: What can you do with a golem coin?
A: Golems can be traded at many leading exchanges and it can be used to pay for services and products. It can also be converted into other cryptocurrencies. : Golem utilizes Smart Contracts to rent and hire computing power. Thus, the lenders and borrowers don’t need to worry about paying or receiving funds.
Q: What does the Golem stand for in cryptocurrency?
A: Golem is a cryptocurrency that is identified by the symbol GNT. What is Golem? Golem is the world’s first blockchain-based, decentralized and open source supercomputing network, where one user can rent the computational power of other users and pay via the native currency of the system, Golem (GNT).
Q: When did the Golem token first start trading?
A: The Golem token began trading in November 2016 and surpassed a market capitalization of $100 million for the first time less than 6 months later. Golem wants to build a decentralized supercomputer by tapping into the computational powers of their users.
Q: What was the market capitalization of the Golem?
A: Golem’s ICO was launched to collect 820,000 Ethers (~9 million USD) and the target was met within 30 minutes, making it a hugely successful ICO. The Golem token began trading in November 2016 and surpassed a market capitalization of $100 million for the first time less than 6 months later.