Golem, a decentralized, global market for computing power, has announced its upcoming crowdfunding, which will start on 11th November 2016 at 3 pm GMT and run until 2nd December 2016 at 3 pm GMT, or when the maximum cap – 820 000 ETH – is reached. If minimum financing – 150 000 ETH – is not reached, participants will be able to reclaim their ETH.
The company allows people to people to rent out their computer’s spare computational power and get paid for it. Combined with tools to aid developers in distributing and monetizing their software, Golem aims to change the way compute-intensive tasks are both organized and executed. Golem hopes to become key in building the future Internet by providing a platform for decentralized micro-services.