Golem, a decentralised application dubbed the AirBnB for computers, went live on the Ethereum mainnet earlier this week. Golem enables individuals to connect their unused computers to a central network that rewards them in Golem Network Tokens (GNT).
The project was one of the first high-profile initial coin offerings (ICOs) on the Ethereum network. In 2016, Golem managed to collect 820,000 ether (ETH) in just eight minutes. At the time ETH was trading at just $8; it is now worth roughly $500, down from highs of $1,400 in January.
The long wait time – as well as ETH’s spectacular price run – between the 2016 ICO and last Wednesday naturally irked some investors, many of whom wondered whether the project was, in fact, a “pump and dump”. Nevertheless, Golem has delivered and the Golem Brass Beta is now live.
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