PolySwarm (NCT) Research Report

PolySwarm's Positioning and Significance

PolySwarm (NCT) is a decentralized Threat Intelligence market realized through Ethereum smart contracts and blockchain technology. It addresses the critical need for accurate, timely malware identification within the cybersecurity sector.

As a pioneering decentralized threat intelligence platform, PolySwarm plays a crucial role in the cybersecurity and threat intelligence industry. The platform leverages precise economic incentives to promote rapid innovation in the $8.5 billion annual cyber threat intelligence market, providing the global security expert community with reliable malware detection capabilities.

As of December 2025, PolySwarm maintains an active ecosystem with 8,887 token holders and availability across 7 major exchanges including Gate.com. The project demonstrates sustained community engagement through active development repositories and ongoing platform maintenance.

This report provides an in-depth analysis of PolySwarm's technical architecture, market performance, and operational mechanisms within the threat intelligence ecosystem.

Origin and Development History

Background and Founding

PolySwarm was created to revolutionize the threat intelligence market by addressing critical inefficiencies in how malware detection services are sourced and delivered globally. Traditional threat intelligence systems suffer from accuracy issues, centralized dependencies, and slow innovation cycles.

By implementing blockchain technology and smart contracts on the Ethereum network, PolySwarm introduced a decentralized marketplace where security experts worldwide could contribute malware analysis and threat intelligence. The platform fundamentally transforms threat intelligence from a centralized, proprietary model to a transparent, incentivized ecosystem.

PolySwarm's launch represented a significant shift in how cybersecurity communities approach threat detection, enabling global participation and creating economic incentives for quality intelligence contribution.

Key Milestones

• April 26, 2020: All-time low recorded at $0.00059593, marking the platform's early trading period
• January 14, 2022: All-time high reached $0.171845, reflecting peak market enthusiasm and adoption
• 2025: Sustained platform operation with 1.88 billion NCT tokens in circulation and active development across multiple GitHub repositories
• December 20, 2025: Current trading price of $0.010007 with 24-hour trading volume of 13,411.56 NCT

Throughout its operational history, PolySwarm has maintained continuous development, as evidenced by active GitHub repositories including polyswarm-api and polyswarm-cli.

How PolySwarm Works?

Decentralized Threat Intelligence Marketplace

PolySwarm operates as a decentralized platform where threat intelligence is crowdsourced from a global community of security experts. Rather than relying on centralized security vendors, the platform enables independent malware researchers, security professionals, and organizations to contribute threat analysis and earn NCT token rewards for accurate intelligence.

This decentralized approach eliminates single points of failure and ensures that threat detection benefits from diverse expertise across the global security community.

Blockchain Foundation

PolySwarm's blockchain infrastructure is built on the Ethereum network, utilizing smart contracts to manage transactions and verify threat intelligence submissions. The immutable ledger records all transactions and threat intelligence contributions, creating a transparent and auditable system.

The Ethereum contract address 0x9e46a38f5daabe8683e10793b06749eef7d733d1 serves as the foundation for all NCT token operations. Each transaction and contribution is permanently recorded on the blockchain, ensuring accountability and preventing fraudulent submissions.

Economic Incentive Mechanism

PolySwarm employs sophisticated economic methods to ensure quality threat intelligence while preventing malicious submissions. Security experts who provide accurate malware identification earn NCT token rewards, creating a direct financial incentive for high-quality work.

The platform's design penalizes inaccurate or malicious threat intelligence contributions, ensuring that the marketplace naturally filters for quality analysis. Participants maintain reputation scores based on the accuracy of their submissions, encouraging long-term participation and honest engagement.

Security and Verification

PolySwarm utilizes Ethereum's cryptographic security infrastructure to protect all transactions and contributions:

• Smart Contract Verification: Threat intelligence submissions are verified through automated smart contract logic before being accepted into the marketplace
• Token-Based Access: Only verified participants holding sufficient NCT tokens can submit threat intelligence, creating a commitment mechanism
• Immutable Records: All submissions and verification results are permanently recorded on the Ethereum blockchain, preventing retroactive manipulation

This multi-layered security approach ensures that the threat intelligence marketplace maintains integrity while remaining accessible to global security professionals.

Market Performance Overview

Current Market Status

• Current Price: $0.010007
• 24-Hour Change: +5.05%
• 24-Hour Trading Volume: 13,411.56 NCT
• Market Capitalization: $18,868,206.33
• Circulating Supply: 1,885,500,781.96 NCT
• Total Supply: 1,885,913,076 NCT
• Market Dominance: 0.00059%

Price Performance Trends

The 24-hour upward movement suggests renewed interest in the platform, while longer-term performance reflects the broader market volatility characteristic of specialized cybersecurity tokens.

Community and Resources

Official Channels

• Website: https://polyswarm.io/
• Twitter: https://twitter.com/polyswarm
• Reddit: https://www.reddit.com/r/PolySwarm
• Facebook: https://www.facebook.com/PolySwarm
• White Paper: https://polyswarm.io/polyswarm-whitepaper.pdf

Development Resources

PolySwarm maintains active development repositories:

• polyswarm-api: Core API infrastructure
• polyswarm-cli: Command-line interface for platform interaction

Explorer and Contract Information

• Ethereum Contract: 0x9e46a38f5daabe8683e10793b06749eef7d733d1
• Block Explorer: https://etherscan.io/token/0x9e46a38f5daabe8683e10793b06749eef7d733d1

Conclusion

PolySwarm represents an innovative approach to decentralized threat intelligence, leveraging blockchain technology and economic incentives to create a global marketplace for malware detection expertise. By connecting security professionals worldwide through a transparent, immutable system, PolySwarm addresses fundamental inefficiencies in the cybersecurity industry.

With 8,887 active token holders and availability across multiple trading venues including Gate.com, the platform has established a functional ecosystem within the threat intelligence sector. The project's continuous development and the immutable nature of blockchain-recorded threat intelligence submissions provide a robust foundation for ongoing innovation in cybersecurity services.

For investors and security professionals interested in decentralized threat intelligence platforms, PolySwarm offers a unique intersection of blockchain technology, cybersecurity expertise, and tokenized economic incentives.

Report Date: December 20, 2025
Data Source: Gate.com Crypto Data

PolySwarm Market Performance Report

PolySwarm's Market Performance

Circulation Overview

As of December 20, 2025, PolySwarm's circulating supply is 1,885,500,781.96 NCT, with a total supply of 1,885,913,076 NCT. The circulating supply represents 99.98% of the total supply, indicating a mature distribution phase with minimal inflation pressure.

Price Volatility

PolySwarm reached its all-time high of $0.171845 on January 14, 2022, reflecting peak market enthusiasm during the broader cryptocurrency bull market. Conversely, its all-time low of $0.00059593 occurred on April 26, 2020, during the early market downturn.

Currently trading at $0.010007 as of December 20, 2025, NCT has experienced significant long-term contraction. The token shows a negative 1-year performance of -67.52%, indicating sustained downward pressure over the extended timeframe. However, recent short-term movements show relative stability, with a 24-hour gain of 5.05% and a 7-day decline of -3.20%.

Click to view the current NCT market price

Market Metrics

• Market Capitalization: $18,868,206.33 (Fully Diluted Valuation: $18,872,332.15)
• 24-Hour Trading Volume: $13,411.56
• Market Dominance: 0.00059%
• Total Token Holders: 8,887 addresses
• Listed on 7 Exchanges: Including Gate.com

Price Movement Summary

The current market structure reflects PolySwarm's established position as a decentralized threat intelligence marketplace, though the token has experienced substantial depreciation from its peak valuation during the 2021-2022 market cycle.

PolySwarm (NCT) - Comprehensive Analysis Report

PolySwarm Overview

PolySwarm (NCT) is a decentralized Threat Intelligence marketplace built on Ethereum smart contracts and blockchain technology. The platform leverages precise economic methods to drive rapid innovation in the cybersecurity threat intelligence sector, valued at approximately $8.5 billion annually. PolySwarm provides timely and accurate malware identification for the global security expert community.

Key Metrics (As of December 20, 2025)

Price Performance Trends

• 1 Hour: +0.18% ($0.000018)
• 24 Hours: +5.05% ($0.000481)
• 7 Days: -3.20% (-$0.000331)
• 30 Days: -11.84% (-$0.001344)
• 1 Year: -67.52% (-$0.020803)

Technology & Network Foundation

Blockchain Infrastructure

PolySwarm operates on the Ethereum blockchain with the following specifications:

• Smart Contract Address: 0x9e46a38f5daabe8683e10793b06749eef7d733d1
• Network: Ethereum (ETH)
• Token Standard: ERC-20
• Circulating/Max Supply Ratio: 99.98%

The platform's foundation in Ethereum's mature smart contract ecosystem provides robust security and interoperability with the broader decentralized finance (DeFi) landscape.

Core Use Cases

PolySwarm's ecosystem serves as a decentralized marketplace with several key applications:

• Threat Intelligence Market: The platform operates as a transparent, blockchain-based marketplace where security researchers can contribute malware analysis, vulnerabilities, and threat data. Contributors are incentivized through the NCT token for providing accurate threat intelligence.

• Malware Detection & Analysis: PolySwarm aggregates insights from a global community of security experts to provide real-time malware identification and classification, improving upon traditional centralized threat intelligence services.

• Economic Incentive Mechanism: The platform uses token-based economics to reward accurate threat intelligence submissions and penalize inaccurate contributions, creating a self-regulating system that prioritizes data quality.

Challenges & Market Considerations

PolySwarm faces several challenges in its market positioning:

• Market Competition: The cybersecurity threat intelligence sector is competitive, with established centralized players and emerging blockchain-based alternatives.

• Adoption & Integration: Broader adoption by enterprises and security platforms requires seamless API integration and demonstrated value over existing solutions.

• Price Volatility: NCT has experienced significant price depreciation over the past year (-67.52%), reflecting broader market sentiment and the challenges of maintaining utility-driven token valuations.

• Market Liquidity: Trading volume remains relatively modest at $13,411.56 in 24-hour volume, with presence across 7 exchanges, indicating limited liquidity compared to larger-cap projects.

Community & Engagement

Social Presence

PolySwarm maintains an active presence across multiple platforms:

• Official Website: https://polyswarm.io/
• X (Twitter): https://twitter.com/polyswarm
• Reddit: https://www.reddit.com/r/PolySwarm/
• Facebook: https://www.facebook.com/PolySwarm
• GitHub:
  • https://github.com/polyswarm/polyswarm-api
  • https://github.com/polyswarm/polyswarm-cli

Resources & Documentation

• Whitepaper: The PolySwarm whitepaper is available at https://polyswarm.io/polyswarm-whitepaper.pdf and outlines the technical architecture, economic model, and vision for decentralized threat intelligence.

• Block Explorer: NCT token activity can be tracked on Etherscan: https://etherscan.io/token/0x9e46a38f5daabe8683e10793b06749eef7d733d1

How to Access PolySwarm

Purchasing NCT

NCT is available for trading on Gate.com and six other exchanges, providing multiple entry points for participants interested in the PolySwarm ecosystem.

Storage & Security

Token holders should employ secure storage solutions for long-term holdings of NCT on the Ethereum network.

Participation Options

• Trading: Active traders can engage with NCT on supported exchanges
• Development: Security researchers and developers can contribute threat intelligence or build applications using PolySwarm APIs
• Community Engagement: Follow official channels and community forums to stay updated on developments

Market Position & Sentiment

PolySwarm occupies a specialized niche within the blockchain ecosystem, focusing on cybersecurity and threat intelligence rather than general-purpose cryptocurrency functions. With a market capitalization of approximately $18.87 million and market dominance of 0.00059%, NCT represents a micro-cap token serving a specific vertical market.

The recent 24-hour price appreciation of 5.05% suggests some positive momentum, though the year-long decline of 67.52% reflects the broader challenges facing utility tokens dependent on ecosystem adoption and enterprise integration.

Conclusion

PolySwarm presents a unique value proposition by applying blockchain technology and tokenization to the cybersecurity threat intelligence market. The platform's decentralized approach to malware detection and threat data aggregation addresses real pain points in enterprise security operations.

Success for PolySwarm depends on:

• Enterprise Adoption: Integration into corporate security stacks and threat intelligence workflows
• Community Growth: Expanding the network of security researchers and contributors
• Token Economics: Demonstrating sustainable utility and value capture for NCT holders
• Market Development: Establishing PolySwarm as the standard for blockchain-based threat intelligence

While NCT has experienced significant price volatility and competitive pressures, the fundamental focus on solving real-world cybersecurity challenges provides strategic differentiation in the blockchain ecosystem. Participants should conduct thorough research and risk assessment before engaging with this emerging vertical-specific platform.

For the latest updates and detailed technical information, visit the official PolySwarm website and review the project's whitepaper and GitHub repositories.

FAQ

What does NCT stand for?

NCT stands for Neo Culture Technology, a designation created by SM Entertainment for their K-pop group with an unlimited member system.

What is NCT known for?

NCT is known for its innovative blockchain infrastructure and governance token utility within decentralized networks. The platform focuses on enabling scalable solutions and community-driven development in the web3 ecosystem.

What is the concept of NCT?

NCT (Neo Culture Technology) is a revolutionary concept featuring an unlimited member system organized into various sub-units. It represents an innovative approach to group formation, enabling global music creation and diverse artistic expressions across different regional and specialized units.

What is NCT in medical terms?

NCT stands for Neutron Capture Therapy, a targeted cancer treatment using neutron radiation to destroy tumor cells. It is an advanced form of radiation therapy designed for precision treatment of malignant tumors.