# Golem's 2016 Sale Raised About 820,000 Ether (ETH) in Under 30 Minutes

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/55233
Published: 2026-11-12T10:19:51.000Z
Updated: 2026-11-12T10:19:51.000Z
Section: Business

> The sale minted 1 billion tokens, first named GNT and now called GLM.

Golem's token sale began Nov. 11, 2016.

The sale raised about 820,000 ETH in less than 30 minutes and minted 1 billion tokens.

The tokens were first named GNT and are now called GLM.