PolySwarm

Purpose and Utility

PolySwarm is a decentralized threat intelligence marketplace where security experts compete to detect threats and protect users. The NCT token is used as the native currency within this marketplace, enabling transactions between threat intelligence providers and consumers.

Business Model

The platform allows security experts to submit threat detection engines and earn NCT tokens when they correctly identify malware or other cyber threats. Organizations can use NCT to pay for threat detection services. This model creates a legitimate marketplace for cybersecurity services.

Real-World Adoption

PolySwarm has established partnerships with various cybersecurity firms and maintains an active marketplace. The platform processes real threat samples and facilitates actual security transactions, though adoption remains at a relatively early stage.

Development Activity

The project maintains active development on GitHub, with regular updates to their threat detection infrastructure and marketplace functionality. The team continues to enhance the platform's capabilities and interface.

Token Distribution

NCT tokens are distributed among marketplace participants, with allocations for the development team and early investors. The project maintains transparency regarding token distribution and vesting schedules.

Technology and Revenue Model

The platform's revenue model is based on legitimate exchange of services, where security experts earn tokens by providing valuable threat detection capabilities. This aligns with Islamic principles as it involves actual value creation and exchange.