PolySwarm price is $0.02533308
| Market Rank | #870 |
|---|---|
| Market Cap | $ 47.8M |
| Volume 24h | $ 5.9M |
| Circ. Supply | 1.9B |
| Total Supply | 1.9B |
| Max Supply | 1.9B |
As of now, the price of PolySwarm (NCT) is $ 0.02533308. The past 24 hours have seen a change of -2.76% in its price and it has decreased.
PolySwarm is a decentralized cybersecurity marketplace that incentivizes rapid threat detection by aligning economic incentives with improved threat prevention and detection. It is powered by PolySwarm's native token, Nectar (NCT), which is used within the PolySwarm ecosystem for transactions.
The PolySwarm platform is the brainchild of a dedicated team of cybersecurity and blockchain experts. The team is headed by CEO Steve Bassi and consists of a group of individuals with extensive backgrounds in cybersecurity, cryptography, blockchain technology, and business.
PolySwarm utilizes a network of security experts and antivirus companies, who are incentivized to provide accurate threat intelligence with the aid of the NCT token. These experts can earn rewards in NCT for accurately identifying and defending against threats. To ensure accuracy, participants 'bet' their tokens on their assertions, losing tokens for incorrect assertions and gaining tokens for accurate ones.
What makes PolySwarm unique is its decentralized marketplace strategy for cybersecurity, which differs significantly from the traditional model. PolySwarm's approach enables quicker and more efficient threat intelligence by leveraging the network of experts working together. Their token, NCT, powers this system, adding an economic incentive for participation and accuracy.
PolySwarm is secured by the nature of blockchain technology. The decentralization of threat identification and response activities across a vast network of participants makes the system highly resistant to single points of failure. In addition, through the use of cryptographic tools, data integrity is maintained, and transactions are kept secure.
Currently, there are 1.9B NCT tokens in circulation out of a total supply of 1.9B tokens.
As of the latest data, the market cap of PolySwarm (NCT) stands at $ 47.8M.
PolySwarm's NCT can be purchased on several cryptocurrency exchanges, such as Coinbase Pro, CoinEx, Gate.io, Hotbit. It's always a good idea to do your own research and choose an exchange with a strong reputation for security and reliability.
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