GLM tokens were distributed through a one-time crowd sale that took place in November 2016. A total of 820,000,000 GLM were created, with 80% of those being sold to the public and the remaining 20% going to the Golem team and early investors. The price per GLM was 0.001337 ETH and at its peak, Golem reached a market capitalization of over US$150 million. As of September 2018, GLM has a market cap of US$21 million and is currently trading at around US$0.26 per token.
The Golem project was founded by Polish entrepreneurs Julian Zawistowski, Piotr Janiuk and Andrzej Regulski. The team is supported by an extensive list of advisors including CEO Jeremy Epstein, Founder of the PR firm Never Stop Marketing and a chief advisor to the LoMoCoin ICO as well as Miko Amaranth who has been a lead developer at Ethereum since its inception in 2014.
To date, Golem has raised US$8 million from notable venture capital firms such as Andreessen Horowitz and the early stage equity crowdfunding platform Coinfund.
Ve built a working product with real-world applications, have a talented and experienced team, and have raised significant funding from reputable sources. These are all things that bode well for the future success of Golem.
If you're looking for a promising cryptocurrency with a solid team and real-world applications, look no further than GLM. With a market cap of over US$21 million, it's still undervalued in my opinion and has the potential to achieve much greater heights in the years to come. Whether the Golem team can implement all of their lofty goals within a reasonable time frame remains to be seen, but only time will tell.
You should definitely do your own research before investing in GOLEM, as this article is not meant as an endorsement of the project. I think that GLM has a promising future and could prove to be a valuable investment for those willing to take a risk. Thanks for reading!
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