PolySwarm Price

PolySwarm (NCT) is a cybersecurity-focused cryptocurrency operating on the Ethereum blockchain. It powers a decentralized threat intelligence marketplace where security experts can analyze potential threats and receive rewards in NCT tokens. Currently ranked #735 with a price of $0.02204, NCT has seen a -2.56% change in the last 24 hours. The token facilitates the PolySwarm ecosystem, which uses blockchain technology to incentivize security researchers to identify malware and other threats. With a market cap of $41.55M and a 24-hour trading volume of $82.58K, NCT serves as the utility token for accessing security services within the platform. NCT has a circulating supply of 1.88B NCT out of a total supply of 1.88B NCT, with a maximum supply capped at 1.88B NCT. The token supports DeFi applications and smart contracts within the cybersecurity space, making it unique among blockchain projects by focusing specifically on decentralized threat detection and analysis.

PolySwarm (NCT) was created on April 10, 2018, when it was officially listed on cryptocurrency tracking platforms. It operates as an ERC-20 token on the Ethereum blockchain and was developed as part of the PolySwarm ecosystem, which focuses on cybersecurity solutions. The token was designed to facilitate transactions within the platform's threat intelligence marketplace, where security experts can earn rewards for detecting threats. Since its launch, PolySwarm has established itself as a specialized token in the cybersecurity segment of the blockchain industry.

PolySwarm was founded by Steve Bassi, who serves as the CEO of PolySwarm. The project was launched in April 2018 through an ICO (Initial Coin Offering) that raised approximately $25.9 million. PolySwarm is developed by Swarm Technologies, Inc., a cybersecurity company based in the United States that focuses on creating a decentralized threat intelligence marketplace. The founding team includes cybersecurity experts with backgrounds in malware detection and blockchain technology. Their vision was to create a platform where security experts could monetize their threat detection capabilities while providing better protection against cyber threats through crowdsourced intelligence.

PolySwarm (NCT) operates as an ERC-20 token on the Ethereum blockchain, powering a decentralized threat intelligence marketplace. The system works through a network where security experts submit threat detections and are rewarded with NCT tokens based on accuracy. When users want to scan files or URLs for malware, they pay in NCT, creating a marketplace dynamic. The token has a current price of $0.02204 with a 24-hour change of -2.56%. NCT's total supply is capped at 1.88B NCT, with 1.88B NCT currently in circulation. The token utilizes smart contracts to facilitate automated payments between security providers and users seeking protection. NCT's cybersecurity focus differentiates it in the blockchain space, as it creates economic incentives for accurate threat detection while penalizing false positives. The platform's architecture enables real-time threat intelligence sharing across the ecosystem, with all transactions and reputation scores recorded transparently on the blockchain.

PolySwarm operates on the Ethereum blockchain as an ERC-20 token with contract address 0x9e46a38f5daabe8683e10793b06749eef7d733d1. The technical architecture of NCT leverages Ethereum's smart contract functionality to create a decentralized threat intelligence marketplace. The system uses a consensus mechanism where security experts provide threat intelligence that is validated through a distributed network of security engines. NCT tokens serve as the native utility token within this ecosystem, facilitating payments between marketplace participants. The architecture includes specialized microservices for artifact analysis, reputation scoring, and bounty distribution. With a total supply of 1.88B NCT tokens, the system is designed to incentivize accurate threat detection while penalizing false positives, creating an efficient market for cybersecurity intelligence. The platform integrates with various security tools through APIs and supports cross-chain interoperability for broader ecosystem integration.

PolySwarm focuses on cybersecurity in the blockchain space, with a roadmap emphasizing expansion of its threat intelligence marketplace. In the near term (2025-2026), NCT plans to enhance its platform functionality, improve security tools integration, and increase enterprise adoption. Mid-term goals (2027-2030) include expanding cross-chain capabilities, developing advanced AI-powered threat detection, and growing its security expert network. Long-term vision includes becoming the industry standard for decentralized cybersecurity, with potential price growth as adoption increases. Currently priced at $0.02204 with a market cap of $41.55M, NCT's future looks promising as cybersecurity becomes increasingly critical in Web3. The team continues to build partnerships with security firms and blockchain projects while maintaining their commitment to decentralized threat intelligence solutions.