Get up to $200 for getting started
Coinbase Logo
PolySwarm logo

PolySwarm

NCT

USD

About PolySwarm

NCT is an Ethereum token that powers PolySwarm, a community and network for detecting malware. NCT rewards are distributed to users who provide relevant cybersecurity data while NCT is used to access insights provided by the network.

PolySwarm (NCT) is a decentralized marketplace that aims to bring changes to the detection, analysis, and response to cybersecurity threats. It utilizes blockchain technology to create a crowdsourced threat intelligence network. The platform uses an Ethereum ERC20 token, Nectar (NCT), as a means of acknowledging users who contribute valuable cybersecurity data and to access insights provided by the network. PolySwarm aims to support the development of new threat detection methods, where various solutions compete to detect threats and are acknowledged based on their performance.

PolySwarm operates as a decentralized threat intelligence market, powered by Ethereum smart contracts and blockchain technology. It aims to foster rapid innovation in the cybersecurity space by acknowledging accurate and timely threat intelligence. The platform's "Proof of Work" is threat detection accuracy, meaning the market acknowledges those who are most capable of defending enterprises and end users. PolySwarm uses NCT tokens as a means of acknowledging users who provide relevant cybersecurity data and using NCT to access insights provided by the network. The platform's operations are managed and executed entirely by distributed smart contracts.

PolySwarm aims to provide a more effective way to detect, analyze, and respond to the latest cybersecurity threats. It can be used by enterprises, consumers, vendors, and security experts to access and contribute to a global pool of threat intelligence. The platform's unique system acknowledges users who provide accurate and timely threat intelligence, making it a valuable tool for cybersecurity professionals. Additionally, PolySwarm seeks to lower the barrier to entry, provide broader coverage options, discourage duplicative effort, and ensure interoperability among products and threat intelligence feeds.

PolySwarm was developed by PolySwarm Pte Ltd, a company that received funding through the acknowledgment of Nectar (NCT) utility tokens. The platform was designed to address the inefficiencies and limitations of existing cybersecurity solutions. The founders of PolySwarm, who are also members of Narf Industries, LLC, a boutique information security firm, saw the potential of blockchain technology to bring changes to the cybersecurity industry. They leveraged their expertise in InfoSec, blockchain, and cryptographic research to create a decentralized marketplace for threat intelligence. Today, PolySwarm continues to evolve with the aim of contributing to the cybersecurity landscape.

Market

Market stats

Market cap

$33.9M

Volume (24h)

$554,817.90

Circulating supply

1.5B NCT

Typical hold time

17 days

Popularity

#748

All time high

$0.18

Market performance

Price change (1h)

-0.94%

Price change (1d)

-4.49%

Price change (1w)

-0.59%

Price change (2w)

+3.47%

Price change (1m)

-5.18%

Price change (1y)

+168.91%

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to PolySwarm in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

PolySwarm is on the decline this week.

The price of PolySwarm has decreased by 0.94% in the last hour and decreased by 4.49% in the past 24 hours. PolySwarm’s price has also fallen by 0.59% in the past week. The current price is $0.0219 per NCT with a 24-hour trading volume of $554.82K. Currently, PolySwarm is valued at 87.68% below its all time high of $0.18. This all-time high was the highest price paid for PolySwarm since its launch.

The current circulating supply of PolySwarm is 1,546,457,129.51 NCT which means that PolySwarm has as total market cap of 1,546,457,129.51.

FAQ

What is the current price of PolySwarm?

We update our PolySwarm to USD currency in real-time. Get the live price of PolySwarm on Coinbase.

What is the market cap of PolySwarm?

The current market cap of PolySwarm is $33.89M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of PolySwarm?

The all-time high of PolySwarm is $0.18. This all-time high is highest price paid for PolySwarm since it was launched.

What is the 24 hour trading volume of PolySwarm?

Over the last 24 hours, the trading volume of PolySwarm is $554.82K.

What other assets are similar to PolySwarm?

Assets that have a similar market cap to PolySwarm include Pitbull, TABOO TOKEN, Suiswap, and many others. To see a full list, see our comparable market cap assets.

How many PolySwarm are there?

The current circulating supply of PolySwarm is 1.5 billion.

What is the typical holding time of PolySwarm?

The median time that Coinbase customers hold PolySwarm before selling it or sending it to another account or address is 17 days.

What is the relative popularity of PolySwarm?

PolySwarm ranks 117 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of PolySwarm?

Currently, 97% of Coinbase users are buying PolySwarm. In other words, 97% of Coinbase customers have increased their net position in PolySwarm over the past 24 hours through trading.

Can I buy PolySwarm on Coinbase?

Yes, PolySwarm is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy PolySwarm guide.