Polyswarm ICO review ($NCT) - 5 min read

in ico •  last year

Polyswarm ICO overview ($NCT) for your busy life: a few points helping you get a feeling for the project and its potential.

This is the 2nd ICO review of a hopefully endless series of ICOs we consider "interesting". This is not financial advice, do your due diligence before investing.

  • Official Website
  • White paper
  • Goal
    • a two sided marketplace that completely re-works the economics of cyber security
  • Description
    • a decentralized marketplace where security experts build anti-malware engines that compete to protect you.
    • bring enterprises, consumers, vendors and geographically-diverse security experts together in one place for more comprehensive threat detection
    • PolySwarm unlocks potential in dormant information security expertise by creating rewards for crowdsourced and collaborative malware detection.
    • PolySwarm will lower the barier to entry, provide broader coverage options, discourage duplicative effort and ensure interoperability among products and threat intelligence feeds
    • We expect existing Antivirus and threat intelligence firms to participate in the PolySwarm market as early Ambassadors
  • Field
    • security
  • ICO
    • Hard cap
      • 50 million USD
    • For private pre-sale, public pre-sale and ICO
      • public sale
        • February 6th - March 8th 2018
        • 20% bonus max
      • Presale
        • 45% bonus
      • Token amount
        • "Total quantity of NCT based on ETH/NCT exchange rate. ETH value to be fixed at start of sale."
    • Token allocation
      • if not 100% distributed: vesting or other distribution scheme
      • 70% - sold during the Token Sale.
      • 15% - distributed to enterprises, vendors and Security Experts interested in helping bootstrap the PolySwarm ecosystem. Recipients will be chosen at Swarm Technologies’ sole discretion.
      • 15% - used by Swarm Technologies in a manner that best accelerates adoption of the PolySwarm ecosystem. As an illustrative example, tokens may be offered as incentive to participate in PolySwarm “hackathons”. This allocation will be at Swarm Technologies’ sole discretion.
    • Banned countries
      • USA
  • Token trading
    • distributed: 2 weeks after the ICO ends
    • date tokens hit exchanges: cannot be disclosed
    • exchanges planned to list the token: cannot be disclosed
  • Token usage
    • reward for security experts
    • currency for ambassadors
    • "PolySwarm economically disincentivizes Nectar speculation by rewarding honest market participation through the collection and distribution of Fees"
  • Team members
    • looking very good, InfoSec veterans + business experts
    • Steve Bassi
    • Paul Makowski
    • Ben Schmidt
      • "Ben has uncovered hundreds of vulnerabilities in widely-used products."
      • Director of Product Security @ Swarm Technologies
      • Lord Commander of Security Research @ Narf Industries
      • Cyber @ United States Department of Defense
      • https://twitter.com/_supernothing
    • Nick Davis
    • Maxwell Koo
      • "Experience in secure software engineering, vulnerability analysis, digital forensics, and reverse engineering."
      • Senior Backend Developer @ Swarm Technologies
      • Colonel Hacker @ Narf Industries
      • https://www.linkedin.com/in/mjkoo90
    • Adrian Escude
      • "Expert in marketing, digital analytics and product management for Fortune 100 companies."
      • Chief Marketing Officer @ Swarm Technologies
      • Sr Analytics and Insights Manager @ Business Online (BOL)
      • Product Manager @ Sony Electronics
      • Marketing Analyst @ Sony Electronics
      • Marketing Strategy Consultant @ Monster Inc.
      • https://www.linkedin.com/in/adrianescude
    • Bill Fehr
      • Founded several companies & was in charge of growth and partnership in several companies.
      • "A business development and marketing expert, practiced at selling technical services."
      • Vice President of Growth and Partnership @ (Poly)Swarm Technologies, Inc.
      • Director of Growth & Partnership @ Telepathy Design
      • Digital Health Strategist @ Macadamian Technologies
      • Co Founder at Givmo @ Givmo
      • https://www.linkedin.com/in/williamfehr
    • Evelyn Hytopoulos
      • "Expert in economics, big data, and advanced analytics with international, cross-industry experience."
      • Chief Economist & Data Scientist at (Poly)Swarm Technologies, Inc
      • Economist and Data Scientist @ Competitive Analytics
      • Lead Analyst | Quantitative Analyst @ Coffey International Ltd
      • Capstone Consultant @ British Business Bank
      • Consultant | Social Impact Consulting @ LSE
      • https://www.linkedin.com/in/evelynhytop
    • Jessica
  • Advisors
  • Partners
  • Investors
  • Media coverage - niche & mainstream
    • a few mentions
  • Market size
    • $8.5 billion/year anti-virus market
  • Project status
    • no product yet
  • Roadmap
    • April 30th - 0.1 Alpha
      • Deliver a minimum viable product (MVP) that implements an end-to-end Bounty workflow.
    • May 31st - 0.2 Beta
      • Focus on delivering PolySwarm Offer support over Raiden-style Channels established directly between Ambassadors and Experts
    • July 31st - 0.3 Gamma
      • Focus on providing matchmaking features that facilitate collaboration between Ambassadors, Experts, and Arbiters.
    • Q4 2018 - 1.0 Stable
      • PolySwarm Stable will focus on eliminating bugs in PolySwarm Gamma prior to migration from the PolySwarm testnet (test tokens) to the operational PolySwarm.
    • Q2 2019 - 2.0 Future
      • PolySwarm’s second stable release currently will have two main goals: (1) expanding Offers and Bounties to handle a wider range of Artifact types and (2) easing Swarm utilization for the Enterprise and Home User.
  • Transparency
  • 3rd party reviews

Closing


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