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Golem Network Token(GNT)

Token
0xa74476443119...2454d7d4ac0d
Tangerine WhistleContract #25KSource VerifiedEdit this contract
Deployed November 11, 2016 (9 years ago)Block 2,603,185

Golem Network Token (GNT) — the crowdfunding and utility token for the Golem decentralized computing network. Its November 2016 crowdsale raised 820,000 ETH (~$

Tangerine Whistle EraVerified Source

Historical Significance

Golem was one of the most ambitious infrastructure projects from the early Ethereum ICO era, attempting to build a decentralized alternative to centralized cloud computing platforms. The GNT crowdsale's rapid completion in November 2016 helped demonstrate that Ethereum-based token sales could attract significant capital for utility token models, not just speculative investments. The project remains active today and represents one of the longest-running Ethereum-native decentralized computing initiatives.

Context

GNT launched during the Tangerine Whistle era, just weeks after the EIP-150 gas repricing hard fork that addressed denial-of-service attack vectors. The Ethereum ecosystem was entering a period of rapid ICO activity following the post-DAO recovery. Golem was among a wave of ambitious infrastructure projects — alongside Augur, Gnosis, and others — that helped establish Ethereum as a platform for decentralized application funding.

Token Information
Logo
Golem Network Token logo
via RPC
Token Name
Golem Network Token
Symbol
GNT
Decimals
18
Key Facts
Deployment Block
2,603,185
Deployment Date
Nov 11, 2016, 01:44 AM
Code Size
2.3 KB
Gas at Deploy
1,525,251
Transactions by YearPartial (capped)
20163,128
201746,872

Description

The Golem Network Token (GNT) was deployed on November 11, 2016 as the native utility token for Golem, a peer-to-peer marketplace for computing power. The project aimed to create a decentralized supercomputer where anyone could rent out idle CPU/GPU cycles or purchase computational resources from others.

The GNT crowdsale smart contract was designed by Golem Factory, a company based in Warsaw, Poland. The token sale opened at block 2,607,800 and reached its cap of 820,000 ETH in under 29 minutes. At the time, this represented approximately $8.6 million — making it one of the largest crowdfunding events on Ethereum in 2016.

GNT served as the payment medium within the Golem Network: Requestors (those needing computation) paid Providers (those sharing resources) in GNT tokens. The initial use case focused on CGI rendering, with plans to expand to machine learning, scientific computing, and other computationally intensive tasks.

In 2020, Golem migrated from the original GNT token to a new ERC-20 compliant GLM token on Ethereum mainnet, as the original GNT predated the ERC-20 standard and lacked certain features like the approve/transferFrom pattern.

Source Verified

Etherscan verified
Heuristic Analysis

The following characteristics were detected through bytecode analysis and may not be accurate.

Detected Type: Token
Has ERC-20-like patterns

Bytecode Overview

Opcodes2,370
Unique Opcodes204
Jump Instructions172
Storage Operations73

External Links