South Korean crypto exchange Upbit will add Polyswarm (NCT) to its Korean won market, according to an official announcement cited by PANews. Trading is scheduled to begin at 21:00 local time on Aug. 26, which corresponds to 20:00 Beijing time. The announcement identifies NCT as an Ethereum-based token.
Polyswarm is described as a decentralized malware detection platform. Within the network, users use the NCT token to incentivize security experts and scanning engines to judge whether files are malicious, creating a crowdsourced security detection marketplace. NCT functions as a utility token in that system, serving both as payment for scanning services and as a reward mechanism for contributors that take part in detection work.
The listing adds NCT to Upbit’s KRW market rather than only to a crypto-to-crypto trading pair, a detail specified in the exchange notice.
South Korean crypto exchange Upbit is adding Polyswarm (NCT) to its KRW market, according to an official announcement cited by PANews. Trading begins at 21:00 local time on Aug. 26, or 20:00 Beijing time.
The notice says NCT is issued on the Ethereum network.
Polyswarm is a decentralized malware detection platform. Users use the NCT token to reward security experts and scanning engines for judging whether files are malicious. Simple idea. That builds a crowdsourced marketplace for security detection.
In that setup, NCT works as a utility token. It is used to pay for scanning services and to reward contributors involved in detection.
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