Golem Network Token (GLM)

The ICO reached its cap of 820,000 ETH within 29 minutes at a rate of 1000GNT/1ETH totalling a USD value of $8,600,000. The sale terms and etherscan account can be found below. Of the 18% not allocated to investors 12% will be directly released by the Smart Contract System to the Factory for payment of future expenses as part of the development and execution of the GOLEM Project. These GNT are locked through a smart contract function and may not be transferred by the Factory for a period of 6 months starting at the end of the Creation Period. And the remaining 6% of the total GNT created will be directly released by the Smart Contract System to early contributors and team members who have made early financial contributions, and worked to develop the ideas, implementations and supporting structures of the GOLEM Project. These GNT are locked through a smart contract function and may not be transferred by the early contributors and team members for a period of 6 months starting at the end of the Creation Period.