Golem (GLM)
Unlock Schedule
Golem (GLM) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Golem (GLM) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence GLM price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
From GNT to GLM
Golem’s original token (GNT) preceded the ERC‑20 standard. To support Layer‑2 payments, decentralized exchanges, and modern wallet tooling, the project introduced GLM in late 2020 and opened a one‑way migration at 1:1. GLM is ERC‑20 and serves as the medium of exchange inside the network between requestors and providers. The token’s maximum supply is 1,000,000,000 units, matching the original design. (docs.golem.network)
Distribution and treasury
At the 2016 crowdfunding, 82% of tokens were sold to the public; 18% were allocated to an incentivization endowment (6% to the founders and 12% to Golem Factory), according to the original sale terms. Over time, the project and the Golem Foundation have actively managed an ETH treasury raised in the sale, including staking portions of ETH as public updates have noted. (medium.com)
Utility inside the protocol
- Payments: GLM is used to pay for compute time, storage, networking, and related services within agreements. Pricing is determined by the open market. (golem.network)
- Incentives: Providers earn GLM for performing work. Requestors spend GLM and receive results. Because settlement can occur on Polygon, micro‑payments for small tasks are more economical. (docs.golem.network)
- Tooling: Test networks use tGLM (valueless test tokens) so developers can prototype without real funds. (docs.golem.network)
Assumptions
- All 1,000,000,000 tokens were created in connection with the 2016 crowdfunding; no ongoing inflation, PoW or PoS issuance.
Official docs state GLM/GNT supply is capped at 1B and sale terms say no technical possibility to create new tokens post-sale.
- Team (6%) and Operating Company (12%) allocations are modeled as TGE cliffs.
Sale/terms specify the 18% endowment (6% founders, 12% company) is minted when the sale closes, but no public vesting schedule is provided. Internal vesting practices may exist; absent authoritative schedules, we treat them as available at TGE for supply-release modeling.
- Crowdfunding participant tokens are modeled as a single cliff on 2016-11-11.
The contract closed upon reaching the hard cap on 2016-11-11; while an end date was scheduled later, the sale ended when the cap was reached. Tokens became transferable after sale close.
- GNT→GLM migration (launched 2020-11-19) does not change total supply and is not modeled as a separate unlocking allocation.
Migration is a 1:1 swap from the legacy GNT to GLM and does not mint new tokens; it only shifts representation. For a cumulative supply-release chart by allocation, migration is noted but not double-counted.
- 1. https://www.golem.network/glm
- 2. https://blog.golem.network/crowdfunding-how-to-prepare/
- 3. https://blog.golem.network/golem-network-token-gnt-sale/
- 4. https://blog.golem.network/gnt-to-glm-migration/
- 5. https://medium.com/golem-project/gnt-crowdfunding-contract-in-pictures-d6b5a2e69150
- 6. https://www.slideshare.net/slideshow/golem-project-decentralised-platform-for-supercomputing-paas-iaas/69016702
- 7. https://docs.golem.network/docs/golem/overview/golem-token
Allocations
Description
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Golem is a decentralized marketplace for computing power. It allows anyone to rent out their idle computing resources or to buy computing power from others for various tasks.
| Sector: | AI & Compute |
| Blockchain: | Ethereum |