Is Golem (GLM) a Good Investment?

Golem represents a unique concept in the field of blockchain technology. It utilizes the unused computing power of computers worldwide and makes it available to users who need it. It allows users to perform complex calculations and tasks quickly and efficiently without hardware or infrastructure.The fact that Golem is based on the Ethereum blockchain brings several advantages. Ethereum is one of the largest and most well-known blockchains, offering a solid infrastructure and a vast network of users. Additionally, using Ethereum smart contracts enables the automation of transactions within the Golem network, increasing efficiency and security.Moreover, Golem is designed to be attractive to both individuals and businesses. Individuals can sell their unused computing power and generate a passive income source. On the other hand, companies can use the network to perform complex calculations quickly and cost-efficiently.Golem has already built a solid and dedicated community. This is a good sign for the project’s future, as a strong community can help promote the growth and development of a project.Another factor that makes Golem an interesting investment is the potential for future growth. The concept of decentralized computing power is relatively new and has the potential to revolutionize many industries. With the continued development and improvement of the network, Golem could take a leading role in this area.

What Is Golem Price Prediction?

The price development of GLM depends on a variety of factors. One of the main factors is the demand for Golem's services. If more people and businesses start using Golem to acquire or sell computing power, this could increase the demand for GLM tokens and drive the price.Another critical factor is the development and improvement of the Golem network itself. If the Golem team can implement new features and improvements that make the network more attractive, this could also increase the price of GLM.The overall sentiment in the crypto market can also significantly impact the price of GLM. If the crypto market performs well overall, this could positively influence the price of GLM.

What Are Golem’s Tokenomics?

Golem uses the GLM token as a means of payment within its network. There is a total supply of 1 billion GLM tokens. These were distributed during a crowdsale in 2016, with 82% of the tokens going to the sale participants, 12% to the Golem Factory, and 6% to the project’s founders.The GLM tokens buy and sell computing power within the Golem network. Users who provide their unused computing power receive GLM tokens as a reward. On the other hand, users who need computing power use GLM tokens to pay for it.

Can You Stake GLM Token?

As of June 2023, Golem does not offer staking. Users can earn GLM tokens by providing computing power within the Golem network. However, Golem may introduce staking opportunities in the future to secure further and decentralize the network.

Who Are Golem’s Partners?

Over the years, Golem has collaborated with several organizations. Some of the most notable partnerships are with projects such as Streamr, Friend Software Labs, and Hoard. These partnerships help Golem to expand its network further and find new use cases for its technology.

To use Golem, users need the Golem software installed on their computers. Once this is done, they can begin to sell their unused computing power or acquire it from others in the network.To buy computing power, users must create a task and specify how much they will pay in GLM. Providers in the network can then decide whether they want to take on the task. Payment is made automatically once the task is completed.To sell computing power, users must configure their machines to accept tasks from others. They can also set how much they want to charge for their services in GLM. Once a task is completed, the payment is automatically transferred to their Golem wallet.

How to Buy Golem (GLM)

Price of Golem (24h)$0.5281371898347593

1.05%

Real-Time GLM Rate Converter

Interested in buying Golem (GLM) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Golem (GLM) instantly wherever you are! Check out all the ways you can buy GLM on KuCoin.

Buy Golem (GLM) on KuCoin in Four Simple Steps

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Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

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Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

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Add a Payment Method

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Buy Golem (GLM)

Use a variety of payment options to buy Golem on KuCoin. We'll show you how.

Choose How You Want to Buy Golem on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Golem (GLM).

Buy Golem (GLM) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Golem (GLM). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Golem (GLM) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Golem (GLM).

Tip: KuCoin offers a variety of order types to buy Golem (GLM) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Golem (GLM) in your Trading Account.

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How to Store Golem (GLM)

The best way to store Golem (GLM) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Golem (GLM).

Store Golem in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Golem in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Golem (GLM) to a non-custodial wallet. Storing Golem (GLM) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Golem (GLM) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Golem (GLM).

What Can You Do with Golem (GLM) on KuCoin?

Hold

Store your Golem (GLM) in your KuCoin account.

Trade

Trade Golem (GLM) in the spot and futures markets.

Earn

Earn passive income by staking or lending Golem (GLM).

Why Is KuCoin the Best Platform to Buy Golem (GLM)?

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Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

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KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Golem and trade it against various digital assets on KuCoin.

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Buying Golem (GLM) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain GLM in an instant when you buy on KuCoin.

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Golem (GLM) Price Analysis

Live Price

The live price of GLM is 0.5247 USD, representing an increase of 0.42% in the past 7 days and 1.05% increase in the past 24 hours.

Historical Trends

The all-time high of GLM was -- USD on Invalid date, from which the coin is now down undefined.
The all-time low of GLM was -- USD, from which the coin is now up undefined.

ATL --

ATH --

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Disclaimer

Given the nature of the crypto market, the price of Golem (GLM) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.