Golem (GNT) Launches With Ethereum (ETH) Surging As A Result

Meet Golem – an innovative company that aims to be “the AirBnB of computers” by allowing people to rent out unused computing power. Even though there are still some concerns about the network scaling of the app going viral, the price of Ethereum is up sharply because of the successful product launch of Golem.

A Technology Based On Ethereum’s Infrastructure

After going for a major downfall, Golem’s technology (which is based on the Ethereum infrastructure) came into the picture just at the right time – representing one of the reasons behind Ethereum’s successful rebound.

The work on Golem has been here for more than 2 years straight. Therefore, it is safe to say that the application was long-awaited by many. For Ethereum, the app was launched at the right hour and there is no reason why Golem would not be known as “the revolutionary app being the AirBnB for computers.”

Golem was also one of the first ICOs which went using ETH currency for their first ICO sale. The name of the Golem token is GNT and during the first token sale – has managed to collect even 820.
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000 ETH in the course of 8 minutes. This made Golem (GNT) climb to $8 in accordance with the price of Ethereum.

Users Will Be Paid In GNT Tokens

All of the users working on the Golem application will be paid in GNT tokens which can be exchanged with other currencies or traded whenever possible. With over 800 million GNT tokens being put in circulation, the new cryptocurrency powered by Ethereum is already a big hit.

In addition to this, the launching of Golem (GNT) was one of the main reasons why Ethereum got back to and beyond the $400 mark. Analysts say that this ICO sale has been made “in the right hour” allowing Ethereum to kick back and grow in the last couple of days.

Image Credit: Descryptive.com