PolySwarm ICO

PolySwarm 2018-02-20 – 2018-03-22

The threat intelligence market is expected to grow to 9 Billion by 2022, thanks to an increasing need for cybersecurity with about 80 to 90 million cyberattacks each year, up to 70% of which go undetected. We’re releasing Nectar, a utility token that powers PolySwarm, a decentralized security marketplace where threats are detected in real-time by thousands of micro-engines, honed by security experts competing to protect you. Nectar will be used, exclusively, in the PolySwarm ecosystem by enterprises and existing anti-virus subscribers to distribute anti-virus subscription fees only to those security experts who are timely and accurate with being able to identify malicious files.

Price: 1 ETH = 31,337 NCT
Bonus: Available
Platform: Ethereum
Accepting: ETH
Minimum investment: 100 USD
Soft cap: 5000000 USD
Hard cap: 50000000 USD
Country: USA
Restricted areas: United States
More info about this ICO on the website: https://polyswarm.io

About PolySwarm

Polyswarm is a decentralized threat intelligence market made possible by Ethereum smart contracts and blockchain technology.

Polyswarm incentivizes rapid innovation in the $8.5B/yr anti-virus and automated cyber threat intelligence space with precise economic incentives that reward timely and accurate threat intelligence concerning the malintent of files, network traffic and URLs.

PolySwarm defines a real-time threat detection ecosystem involving enterprises, consumers, vendors and geographicallydiverse security experts. Experts develop and hone competing “micro-engines” that autonomously investigate the latest threats, attempting to outperform their competition. PolySwarm’s “Proof of Work” is threat detection accuracy: the market rewards experts who are best able to defend enterprises and end users.

Relative to today’s ad hoc market, PolySwarm will lower the barrier to entry, provide broader coverage options, discourage duplicative effort and ensure interoperability among products and threat intelligence feeds.

Economically, PolySwarm functions as a skill-required twist on a prediction market2 with thousands of micro-engines (“workers”) investigating the latest in malware evolution at machine speed – no human in the loop.

PolySwarm will be developed by Swarm Technologies, Inc. (“Swarm Technologies”) with funding derived from the sale of ERC20-compatible Nectar (“NCT”) utility tokens.

As a utility token, PolySwarm economically disincentivizes Nectar speculation by rewarding honest market participation through the collection and distribution of Fees to value-adding, active participants.

Milestones

1: V0.1 Alpha

A “Bounty Manager” smart contract which holds Bounty Amounts and Fees, accepts Assertions, publishes Verdicts, and rewards accurate Experts
Artifact posting and retrieval to / from off-PolySwarm storage (e.g. S3 and/or IPFS)
Prototype algorithm for selecting Arbiters at Bounty expiration
Reference implementations for Bounty publishing, Assertion response, and Arbiter ground truth determination

2: V0.2 Beta

Offer Channels: Distributed Channel establishment, multiple Offers via a single Channel, NCT settlement at Channel Close
Reference implementation for Offer production and response
Reference implementation for Arbiter ground truth notification and response
Fee collection and distribution smart contracts
Research and quantify trust (in NCT) required for a specific Artifact volume
Offer/Bounty development toolkit: a test and implementation framework for Experts and Ambassadors to automate servicing of Bounties and Offers

3: V0.3 Gamma

Worker Description Language (WDL) describing artifact analysis capabilities and Expert authorship attribution (for reputation)
Distributed, searchable, registry of Workers and their capabilities.
Confidentiality for pre-deadline Bounty Assertions
Finalize Arbiter selection, response, and end to end Bounty feedback loop

4: V1.0 Stable

PolySwarm Stable will focus on eliminating bugs in PolySwarm Gamma prior to migration from the PolySwarm testnet (test tokens) to the real PolySwarm market.

5: V2.0 Future

Flexible Artifact confidentiality: Basic: Artifacts selectively disclosed to Experts or SaaS providers, Advanced: Artifacts never revealed to anyone outside of SGX enclaves of fully homomorphic engines
New Instruments (e.g. subscription-ready threat feeds)
Deployment support for endpoint-resident Worker containers that supplant today’s endpoint protection suites

Token info

Token: NCT
Platform: Ethereum
Type: ERC20
Price in ICO: 1 ETH = 31,337 NCT

BONUS

First bonus is set at 20%

Investment info

Min. investment: 100 USD
Accepting: ETH
Distributed in ICO: 70%
Soft cap: 5000000 USD
Hard cap: 50000000 USD