polyswarm-ico-review
Company: Polyswarm
Industry: Cybersecurity / Threat Intelligence
Website: https://polyswarm.io/
Whitepaper https://polyswarm.io/polyswarm-whitepaper.pdf
Headquarters: United States
Token: NCT
Platform: Ethereum
ICO Timeframe: 02/20/18 – 03/22/18 (ICO)
Token Supply: To Be Determined by Token Sale (75% Crowdsale)
 Score:  70/100

 

PolySwarm is the first decentralized marketplace where hackers build anti-malware engines that compete to protect you. Think Bitcoin, but instead of mining, a global community of anti-malware experts converge and work together to best detect today’s threats. In doing so, PolySwarm incentivizes rapid innovation in the $8.5B/yr cyber threat intelligence space with precise economic instruments that reward a global community of security experts for timely and accurate malware identification.  Today’s anti -virus and cyber security market is dominated by single-vendor offerings which often miss emerging threats. PolySwarm brings enterprises, consumers, vendors and geographically-diverse security experts together into a single marketplace for more complete threat detection.

 

PROS:  Increase need for cybersecurity in today’s marketplace for both individuals and organizations (see Equifax, Target, DNC, etc), credentials for developers assigned are relevant to the project at hand, however, activity amongst some of their social media profiles is low compared to other ICOs.

 

CONS:  Roadmap is detailed however it lacks certain specific dates in their white paper and on the website states that relevant dates are subject to change (limited foresight available), math regarding the total number of tokens to be issued is somewhat misleading and inconsistent, crowdsourcing anti-malware solutions is something that has yet to be done successfully and includes many potential risks.

 

SCORE:  70/100