Ten years since the Golem project launched: approximately 820,000 ETH raised in under 30 minutes.
Julian Zawistowski recalled that the token sale on November 11, 2016, raised approximately 820,000 ETH and minted 1 billion tokens, initially named GNT and now known as GLM. He also disclosed that the Golem Foundation has staked 100,000 ETH since 2023. The staking rewards are distributed to GLM holders participating through Octant, while also supporting the development of Ethereum public goods.
· The 820,000 ETH raised corresponded to 1 billion tokens, initially named GNT and now known as GLM
· The 100,000 ETH staked represents about one-eighth of the amount raised that year
Would you first look at how the amount staked changes over time, or the scale of Octant's reward distributions?
$ETH $GLM
Julian Zawistowski recalled that the token sale on November 11, 2016, raised approximately 820,000 ETH and minted 1 billion tokens, initially named GNT and now known as GLM. He also disclosed that the Golem Foundation has staked 100,000 ETH since 2023. The staking rewards are distributed to GLM holders participating through Octant, while also supporting the development of Ethereum public goods.
· The 820,000 ETH raised corresponded to 1 billion tokens, initially named GNT and now known as GLM
· The 100,000 ETH staked represents about one-eighth of the amount raised that year
Would you first look at how the amount staked changes over time, or the scale of Octant's reward distributions?
$ETH $GLM
