Golem
GLM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
GLM (Golem) represents a mature decentralized computing network originating from the 2016 GNT crowdfunding, backed by an established, jurisdictionally anchored team at Golem Factory GmbH in Switzerland. The project maintains an active development roadmap through late 2025 and 2026, and its tokenomics benefit from a fully unlocked 1 billion hard-capped supply with zero ongoing inflation. However, the token functions strictly as a transactional utility without native value-accrual or staking mechanisms. Security is supported by clean historical audits from Trail of Bits, CertiK, and OpenZeppelin, with no recorded exploits, legal actions, or hostile exchange delistings; the Security score of 4.5 reflects the unrecovered ~90% price drawdown from all-time highs. Governance remains centralized under Golem Factory without DAO voting on core protocol matters. Note: Community Support scored -1.0 due to insufficient verifiable data on social metrics and forum activity, so its weight was redistributed across the remaining five sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Golem (GLM)
GLM (Golem) is an ERC-20 utility token on the Ethereum blockchain that serves as the migrated successor to the original Golem Network Token (GNT), which underwent a 1:1 token migration starting in November 2020. Developed under Golem Factory GmbH, an entity based in Zug, Switzerland originating from a 2016 crowdfunding campaign, the Golem Network functions as a distributed computing marketplace. Within this ecosystem, GLM is utilized as a medium of exchange to settle peer-to-peer compute rental transactions between resource providers and requesters.
The tokenomics of GLM feature a fixed maximum supply of 1,000,000,000 tokens with no ongoing inflation, staking rewards, or proof-of-work/proof-of-stake issuance, as the entire supply is fully unlocked. The initial token distribution designated 82% to the public sale and 18% to insiders. GLM token contracts and the migration proxy underwent security audits in 2020 conducted by Trail of Bits and CertiK, alongside earlier reviews of the GNT codebase by OpenZeppelin, with no major security vulnerabilities reported. The protocol has no recorded history of smart contract hacks, exploits, regulatory enforcement actions, or exchange delistings.
Golem exhibits several operational and market risks identified in its evaluations. Protocol development and management remain centralized under Golem Factory GmbH, lacking a formal DAO structure or token-weighted on-chain voting for core protocol governance. In addition, there is an absence of recent smart contract audits for ongoing development, a lack of a public vesting schedule for historical insider allocations, and unverified marketplace adoption metrics. Financially, GLM trades in a severe and unrecovered price drawdown, sitting approximately 90% to 91% below its historical all-time high.