The Golem Network Token (GLM) is used as a utility token within the Golem Network, facilitating various transactions and incentivizing participation. Here are the key ways GLM is utilized:

1. Accessing the Network: GLM is required to access the Golem Network, which allows users to buy and sell idle digital resources, including spare computing power, in a peer-to-peer manner.

2. Peer-to-Peer Transactions: GLM serves as the currency for transactions within the network, enabling users to rent or sell computational power and software deployment services.

3. Service Fees: Requestors need to pay service fees in GLM tokens to the network, which are then distributed among suppliers who provide their computing resources for the project.

4. Incentivizing Participation: GLM incentivizes users to participate in the network by offering rewards for providing computational resources, thus ensuring the network's functionality and growth.

5. Economic Backbone: GLM is the backbone of the Golem Network's economy, facilitating transactions, incentivizing participation, and aligning with the project's long-term goal of creating a more decentralized and user-controlled internet ecosystem.

6. Payment for Gas Fees: GLM tokens are used to pay for gas fees on the blockchain, which are necessary for transactions to occur.

In summary, GLM is essential for the functioning of the Golem Network, enabling transactions, incentivizing participation, and facilitating the exchange of computational resources.

To store Golem Network Token (GLM) tokens, you can follow these steps:

1. Hardware Wallet:

   • Buy a Ledger hardware wallet (e.g., Ledger Nano X or Ledger Nano S) to securely store your GLM tokens.
   • Buy GLM on an exchange platform using fiat currencies like euros, pounds, or dollars.
   • Transfer your GLM to your Ledger hardware wallet using the Ledger Live app.

2. MetaMask Wallet:

   • Export your wallet address from your Golem wallet in Ethereum wallet v3 format.
   • Import the wallet address into MetaMask to manage your GLM tokens.
   • Add the GLM token manually in MetaMask by clicking "Import Token," then "Custom Token," and copying the token address from Etherscan.io.

These methods ensure the secure storage and management of your GLM tokens.

To buy Golem Network Token (GLM) tokens, follow these steps:

1. Create an Account:

   • Go to a cryptocurrency exchange that supports GLM, such as Cointree, CEX.IO, or Binance.
   • Register for an account by providing the required personal and identification details.

2. Navigate to the Buy GLM Page:

   • On Cointree, click on the "Buy Golem Network Token" page.
   • On CEX.IO, go to the "Buy/Sell" tab.
   • On Binance, navigate to the "Buy Crypto" link and select Golem (GLM) and your preferred currency (e.g., USD).

3. Specify the Purchase Amount:

• Enter the amount of your local currency (e.g., AUD or USD) you want to spend on GLM.
• Review the current market price and fees associated with the purchase.

4. Confirm the Purchase:

   • On Cointree, confirm your purchase, and the GLM tokens will be instantly delivered to your account.
   • On CEX.IO, provide your card details to complete the purchase.
   • On Binance, you have 1 minute to confirm your order at the current price. After 1 minute, the order will be recalculated based on the current market price.

5. Store or Use Your GLM:

   • Once you have purchased GLM, you can store it in your personal crypto wallet or hold it in your exchange account.
   • You can also trade GLM for other cryptocurrencies or use it to access the Golem Network for decentralized computing services.

Remember to carefully consider your investment experience, financial situation, investment objectives, and risk tolerance before making any investment decisions. Cryptocurrency prices are subject to high market risk and price volatility.