UPDATE: PolySwarm raised $25.94M in their ICO!! TBA on listing info.
15% of the remaining 30% will be distributed to enterprises, vendors and Security Experts interested in helping bootstrap the PolySwarm ecosystem. Recipients will be chosen at Swarm Technologies’ sole discretion.
The final 15% of tokens will be 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.
PolySwarm is the first decentralized marketplace where security experts 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. Experts craft and maintain competing software “micro-engines” that quickly identify 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.