Golem

Golem Network is an open-source, decentralized computing platform that operates as a peer-to-peer marketplace where anyone can rent out idle processing power to others who need it. It aims to address the cost and scarcity of computing resources, particularly for tasks related to artificial intelligence and other complex calculations, by connecting providers who have spare capacity with requestors who need it. The GLM token is the currency of this marketplace, used to pay for and receive payment for computing work.

Golem lives within the Ethereum ecosystem, and GLM is an Ethereum-based token used to settle transactions between requestors and providers on the network. A requestor submits a task along with a bid denominated in GLM; the network breaks that task into smaller subtasks and distributes them across multiple providers for parallel processing, with GLM transferred to providers upon completion. The data does not specify a consensus algorithm or block time for the Golem layer itself, so the mechanical settlement details beyond Ethereum's role are not recorded here.

The fee structure in Golem is peer-to-peer: requestors pay GLM directly to providers for computing work, and the protocol itself does not appear to retain a fee cut from those transactions based on the data stored here. Because no protocol-level fee stream is recorded, fee-based valuation measures that this site might apply to other assets are not applicable to Golem in its current form. The full circulating supply of one billion GLM tokens is already issued, representing 100 percent of supply issued as of the point-in-time data, and there is no recorded maximum supply cap, nor any supply pending or dilution overhang.