We’ve got a couple new projects on WINGS in PolySwarm and Triforce.
Today we’ll take a look at PolySwarm. The forecasting period lasts until February 20, the same day the token sale starts.
According to PolySwarm the $8.5 billion anti-virus security is broken. Over 70% of viruses go undetected. And damages from cybercrime is expected to double by 2021.
Right now the market is dominated by a handful of large companies. But they’re not interoperable and don’t cover the rapid changes in technology.
PolySwarm reinvents cyber threat intelligence by leveraging blockchain technology through Ethereum smart contracts. In PolySwarm a global community of malware experts work together to detect the latest threats. Users and businesses benefit from the combined, crowdsourced swarm of experts.
Security experts and enterprises can monetize their software while providing coverage for PolySwarm and their end users.
The benefits of PolySwarm is that it can help eliminate the estimated 70% of threats that go undetected. IT professionals from around the world can participate, helping alleviate unfilled cybersecurity jobs. Cybersecurity coverage can be expanded. And it can help reduce the costs from cybercrime.
PolySwarm runs on Nectar (NCT) tokens. It’s an ERC20 token. As mentioned the sale starts February 20 and runs to March 22. PolySwarm has a hard cap of $50 million and 1 ETH = 31,337. It’s open to everyone except US citizens.
70% of NCT tokens will be distributed in the sale. 15% will be airdropped to those that help bootstrap the system and the remaining 15% is for operations and to accelerate adoption.
Cybersecurity is an industry in need of change. Just watch any video with McAfee, he talks about it all the time.
I think PolySwarm will reach its hard cap so I forecasted $50 million.
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