PolySwarm NCT

What is PolySwarm?

The PolySwarm token or NCT is a utility token native to PolySwarm. The latter is an anti-malware platform powered by blockchain technologies.

NCT is the driving force behind the core functions of PolySwarm. To put it simply, engines responsible for scanning files are rewarded with the NCT token.

The token itself is based on the ERC-20 token standard and is deployed on Ethereum.

NCT tokens were allocated as follows:

• 70% - Token Sale;
• 30% Bootstrapping PolySwarm Ecosystem.

PolySwarm tokens are considered to be digital assets. As such, the NCT price fluctuates due to the volatility of the crypto market. Therefore, it’s important to monitor these fluctuations before making any purchase decisions.

In the case of PolySwarm, the graph above shows NCT price history, trends, and other important information.

What are the Main Features of PolySwarm?

As discussed in the What is PolySwarm section, PolySwarm is a blockchain-based malware protection platform. It employs anti-malware engines that scan for malicious software and earn crypto rewards if their verdict is correct.

There are over 50 engines on the PolySwarm platform that are responsible for detecting and, if required, resolving threats. Some of them include major players in the digital security industry like Kaspersky, SentinelOne, and CrowdStrike while others are specialized.

One of the main focuses of PolySwarm is to detect emerging malware and tackle it before it gets out of control.

Who Developed PolySwarm?

PolySwarm was co-founded by tech entrepreneurs Steve Bassi, Ben Schmidt, and Nick Davis who are taking up the roles of CEO, CSO, and COO respectively. The company is headquartered in San Diego, California.

If you’re considering purchasing this token, don’t forget to analyze the NCT price on the graph above.