Cryptocurrency Q&A
Is Golem an erc20 token?
Is Golem an erc20 token?
GeishaGrace
Fri Jun 28 2024
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7 answers
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Could you please clarify whether Golem is indeed an ERC20 token? As I understand, ERC20 is a technical standard used for smart contracts on the Ethereum blockchain, allowing for the implementation of tokens with specific functionalities. Given the popularity of ERC20 tokens, it's crucial to determine if Golem falls into this category. If it is, it would indicate that Golem tokens can be stored in ERC20-compatible wallets and utilized in a wide range of decentralized applications. However, if it's not an ERC20 token, it would suggest a different technical implementation and potentially limit its compatibility with certain platforms and services. Clarifying this detail is crucial for investors and users alike.
7 answers
GeishaCharm
Sun Jun 30 2024
Prior to its current iteration, the token was known as GNT.
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EthereumElite
Sun Jun 30 2024
The name change likely reflects the evolution and advancement of the Golem project.
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ethan_thompson_psychologist
Sun Jun 30 2024
Utilizing the services provided requires the payment of the Golem GLM token.
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Bianca
Sun Jun 30 2024
The token functions as a utility asset, enabling users to access various services offered by the Golem platform.
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Riccardo
Sun Jun 30 2024
The GLM token is an ERC-20 asset, indicating its compatibility with the Ethereum blockchain.
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