Ten years on: Golem raised 820,000 ETH in under 30 minutes
Golem has marked ten years since its token sale, which raised 820,000 ETH in under 30 minutes. That is a large amount of money to raise in less time than a lunch break. The sale came when Ethereum was young and the crowdsale was the new fundraising model. Buyers sent funds to a smart contract and tokens came back, with no bank or underwriter in between. It was one of the early large tests of what a decentralized network could do, and it shows how quickly enthusiasm moved in those early days.