Mars Finance reports that Julian Zawistowski, an executive at the Ethereum project Golem Foundation, published a retrospective marking the project's 10th anniversary. He said that on November 11, 2016, the Golem project launched its token sale, raising approximately 820,000 ETH in less than 30 minutes and minting 1 billion tokens, initially named GNT and now renamed GLM. Zawistowski disclosed that since 2023, the Golem Foundation has staked 100,000 ETH and distributed the staking rewards to GLM holders participating through Octant, while also supporting the development of Ethereum public goods. Its long-term goal is to safeguard these reserves so that GLM holders and the broader Ethereum ecosystem can benefit.
