Should You Invest in Golem?
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What is Golem?
Golem is a global, open sourced, decentralized supercomputer that anyone can access. It’s made up of the combined power of user’s machines, from personal laptops to entire datacenters.
What Problem does it solve. ?
Computation power and pricing
Golem can distribute the task of rendering CGI, doing in minutes what would take days, for cheaper than anything else.
Basically:
As a two-sided market, Golem allows users to either:
Sell unused computational resources (CPU or GPU time) to others, or
Buy unused computational resources (CPU or GPU time) from others.
Let’s start with some numbers. Cloud computing is a huge market, with a yearly turnover of $175 billion in 2015,
The first version, Brass Golem, will do this only.
At the crowdsale: In the first 29 minutes, the project raised an astounding $8.6 million
They now have a strong financed team of 20 people for the next year based on their crowdsale.
Total supply is 1 billion with 12% locked away
Today; 21 cents
Cons
I am still not convinced that it will be cheaper than AWS
Their road map states a 8-year plan
But like all startups. It’s all about pivoting
Conclusion.
Seems like an interesting project.
My name is Ameer Rosic, and I’m a serial entrepreneur, investor, marketing Strategist and Blockchain Evangelist
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