Golem Network Token, also known as GLM, is a digital currency of the Golem network. This is a decentralized platform specially designed to share idle computing power. Fundamentally, it is the basis of peer-to-peer marketplace where individuals can rent out their unused computer resources to others in need of computational power. Let’s understand how GLM network works. This network operates on a simple principle where the computing resource providers offer them the platform, while those needing computational power can be big for these resources. Here, the GLM tokens serve as the medium of exchange in this ecosystem.

When a provider contributes their resources to the network, they earn GLM tokens as reward for the computational. This incentivizes participation and inspires users to share their unused hardware. On the other hand, when a requestor needs to run computationally intensive tasks, they must bid, agreeing on the amount of GLM they are ready to pay. The task is then distributed across several providers, and after completion of those tasks, the requestor pays the agreed-upon amount of GLM. The role of GLM is not limited to payment mechanisms. This is also a governance token which provides the right to the holder to take decision processes towards the development of the network.

When it comes to the potential of the GLM token, democratizing access to computing power could revolutionize industries such as data analysis, artificial intelligence, scientific research, and much more. Like any other cryptocurrency, GLM’s value is always subjected to market fluctuations. The success of this coin depends on the user’s adoption and the consistent growth of Golem network. To trade GLM tokens, you can use reputed exchanges like Coinbase, Binance, Bittrex and Bitunix. For investors, this is one of the potential coins that can add value to their portfolios, but they should invest in this coin according to their risk-taking ability.