Golem Project Raises 820,000 ETH on Its 10th Anniversary, 100,000 ETH Staked

The Ethereum project Golem Foundation's executive Julian Zawistowski reflected on the 10th anniversary of the project's launch, stating that on November 11, 2016, the Golem project initiated its token sale, raising approximately 820,000 ETH in less than 30 minutes and minting 1 billion tokens, initially named GNT and now renamed GLM. Zawistowski disclosed that since 2023, the Golem Foundation has staked 100,000 ETH and is distributing staking rewards to GLM holders participating through Octant, while also supporting the development of public goods on Ethereum. The long-term goal is to secure this fund reserve for the benefit of GLM holders and the broader Ethereum ecosystem.

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