As the title suggests, the PolySwarm project aims to make up an internet threat detection ecosystem where security experts will challenge each other to ensure the very best protection of end users using a system of encouragement. Today, it is no surprise that people are highly dependent on the internet, especially the businesses and individuals. However ,as I’m sure you know, we have the notorious hackers who are getting more bold and sophisticated in their immoral ways so it is pretty hard to get a 100% guarantee that you are safe and secured. Due to this growing need for cyber security, the threat intelligence market has made their move and are rapidly growing.
Most vendors, however, offer likely solutions focused on a limited set of the most popular threats. This overlap leads to inefficiency and renders a great deal of new malware emerging outside of the existing comfort zone undetected. Normally, it’s impossible to mix such products to provide a wider coverage and better protection, but don’t fret for this is where PolySwarm intervenes with its innovative solution – the first decentralized antivirus market place originating from the revolutionary block chain technology and Ethereum smart contracts.
As I rightly mentioned earlier, PolySwarm aims to provide its users with uncompromising cyber security. This nerve center in intended to bring together businesses, consumers, and security experts from anywhere around the world enabling them to create a safer internet through a more reliable and efficient threat detention as well as prevention. The masters of security will be supported by a specialized software – thousands of anti-malware micro-engines forged to scan all files and websites which might be hiding vulnerabilities. Therefore, Polyswarm aims to reduce the market entry barrier for security experts, provide users with more options and ensure interoperability among various products.
The PolySwarm team hopes that this specially designed system of incentives will drive experts to compete against each other in protecting every end user in the most efficient way. The main footing of this marketplace is PolySwarm’s Nectar (NCT) utility token, which will replace traditional payments. This tokens will be used and distributed by anti-virus subscribers as a fee to those experts who are the finest at timely and accurate malware identification.
PolySwarm also offers reward to encourage an honest and high-quality involvement in threat detection. A revenue stream is provided for the most active and value-adding participants in the ecosystem, rewarding them for dong their very best to defend end users. In the meantime, users get timely access to security expertise and effective protection from cyber-attacks.
PolySwarm ICO details aim to raise funds by offering the community its ERC20 tokens, hoping to reach the hard cap of $50 million. Maximum number of tokens is limited. The total number of NCT tokens will be determined during the token sale. However, PolySwarm has declared that only 70% will be available for sale and distribution in the ICO. This crowd sale started on February 20, 2018 and is scheduled to close on March 22, 2018. It is to be noted that no new tokens will be created after this deadline.