Ethereum-Based Decentralized Computing Platform Golem Has Sent More Than $100 Million Worth of ETH to Centralized Exchanges

Golem is one of the earliest Ethereum initial coin offerings, raising around $8, or 820,000 in ETH, during the 2016 ICO boom.

Ethereum-based decentralized computing platform Golem has sent a total of million over $100 in ETH to centralized exchanges like Binance, Coinbase, and BitPhoenix over the past few weeks.

Golem is one of the oldest Ethereum ICOs, raising around $8 million, or 820,000 ether, during the 2016 ICO boom.

He stated that Developing the Golem network and its ecosystem is priority number one, adding, “We are an OG Ether project, and as such, we want to contribute to the Ethereum ecosystem. Our intention is to individually stake a significant portion of Ether from our treasury.”

Ether was marginally traded in Today it is at $3,080 after an intraday drop to $2,916 on July 8. However, Ethereum has been declining over the past month, losing more than 10% over the past week.

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