This document represents independent analysis and opinion only. It is not intended to constitute financial advice of any form and should not be used that way!
- The CryptoJam
**Note this is an abbreviated version of the full review of Polyswarm provided free on our website here
In a nutshell
An impressive project aiming to improve the current ecosystem for malware and cyber security analysis more generally. Polyswarm consists of a solid team of experts - that much is obvious, seemingly with backgrounds in U.S. DOD where this stuff is done at scale (or attempted to) as core business. This experience is supplemented by real world private industry achievements. Polyswarm is one of the rare ICOs where the people who best understand a problem, are the ones trying to solve it. The level of detail and thought that has gone into the proposal is really impressive - and a quick look at their funding-level based business objectives illustrates a clear understanding of the non-technical challenges. Not your typical coin offering.
The Good, the Bad and the Ugly |
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| The Good | The Bad |
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| The Ugly | |
| Just the fluro-green background in the whitepaper. |
Jam Rating
| Token Model | 21/25 |
| Business Model | 23/25 |
| Team Capability | 24/25 |
| Existing Product | 12/25 |
Token Sale Details
| HardCap | $50,000,000 USD worth of NCT. Total quantity of NCT based on ETH/NCT exchange rate. ETH value to be fixed at start of sale. |
| Minimum Contribution | $100 USD worth of ETH |
| NCT | 1 ETH = 31,337 NCT |
| Payment types | ETH via ERC20 Smart Contract |
| PROHIBITED PARTICIPANTS | All US Citizens and US Residents and others as described in the Token Sale Agreement. |
| Bonus Structure | |
| 20% | Up to 23m USD raised |
| 15% | 23-28m USD raised |
| 10% | 28-33m USD raised |
| 5% | 33-38m USD raised |
Token Allocation Breakdown
Polyswarm do an excellent job of breaking down what will be achievable based on the final fundraising amounts. These can be viewed on the main website and follow different levels which more or less coincide with the funding bonus levels outlined above. Importantly, these also illustrate the Polyswarm are aware of their technical strengths but realize the requirement for expanded business development and soft skills.| Allocation | % | Max Funding amount(USD) |
| Protocol and Software Development | 54.51% | $27,255,000 |
| Office Expenses | 3.00% | $1,500,000 |
| Operational Overhead (travel, hosting) | 4.06% | $2,030,000 |
| Legal | 14.49% | $7,245,000 |
| Marketing | 13.62% | $6,810,000 |
| Tax | 10.32% | $5,160,000 |
| Total | 100% | $50,000,000 |
Check out the official video here on Youtube.