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PolySwarm (NCT) Statistics

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PolySwarm

NCT

0.00234850
Price (USD)
7.19%
24h Change
0.00000060
Price (BTC)

Cryptocurrency Information

All-Time High USD
0.0148
Since All-Time High Change
-84.52%
All-Time High Date
2018-05-05

Marketcap (BTC)
909.61601934
Marketcap (USD)
3,574,482.51

24h Volume (USD)
79,651.78

7d Change
12.02%
14d Change
24.63%
30d Change
37.41%

Circulating Supply
1,546,457,129
Total Supply
1,885,913,075

Influence Statistics

Alexa Rank
1072478
Facebook Likes
1646
Twitter Followers
4449

What is PolySwarm?

PolySwarm in 60 Seconds.
Polyswarm is a decentralized threat intelligence market made possible by Ethereum smart contracts and blockchain technology.

Polyswarm incentivizes rapid innovation in the $8.5B/yr anti-virus and automated cyber threat intelligence space with precise economic incentives that reward timely and accurate threat intelligence concerning the malintent of files, network traffic and URLs.

PolySwarm defines a real-time threat detection ecosystem involving enterprises, consumers, vendors and geographically-diverse security experts. Experts develop and hone competing “micro-engines” that autonomously investigate the latest threats, attempting to outperform their competition. PolySwarm’s “Proof of Work” is threat detection accuracy: the market rewards experts who are best able to defend enterprises and end users.

Relative to today’s ad hoc market, PolySwarm will lower the barier to entry, provide broader coverage options, discourage duplicative effort and ensure interoperability among products and threat intelligence feeds. Economically, PolySwarm functions as a skill-required twist on a prediction market2 with thousands of micro-engines (“workers”) investigating the latest in malware evolution at machine speed - no human in the loop.

PolySwarm will be developed by Swarm Technologies, Inc. (“Swarm Technologies”) with funding derived from the sale of ERC20-compatible Nectar (“NCT”) utility tokens. As a utility token, PolySwarm economically disincentivizes Nectar speculation by rewarding honest market participation through the collection and distribution of Fees (details on page 6) to valueadding, active participants.