Golem
Crypto Overview
Project Overview
Golem is a decentralized computing network that allows users to rent out their unused computing resources to others who need computational power. The GLM token serves as the native currency for transactions within this network.
Intended Utility
The primary purpose of Golem is to create a decentralized marketplace for computing power. Users can share their computer's processing capabilities and receive GLM tokens as payment. The platform aims to provide a cost-effective alternative to traditional cloud computing services.
Actual Implementation and Usage
The network is actively being used for various computational tasks, including CGI rendering, machine learning, and scientific calculations. The project has demonstrated consistent development activity and maintains an active GitHub repository. Recent updates include improved provider-requestor matching and enhanced security features.
Token Distribution and Governance
Initial token distribution allocated 82% to public sale participants, 12% to the team and early contributors (with vesting periods), and 6% for future development. The project maintains transparency in its operations and development roadmap.
Business Model Analysis
The business model is based on direct value exchange - computational resources for tokens - without involving interest or gambling mechanisms. Revenue is generated through legitimate service provision, aligning with Islamic principles of fair trade and mutual benefit.
Crypto Impact
To assign a comfort level investing in Golem from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Golem.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.