Question 1

What is NCT?

Accepted Answer

NCT is PolySwarm's Nectar token, an ERC-20 asset used for incentives and settlement in its network threat-intelligence marketplace. The marketplace enables security detection engines to submit malicious or benign assessments of objects such as suspicious files and URLs, and connects those assessments to NCT-based economic consequences. NCT is not positioned as a replacement for antivirus software or as something that directly produces detection conclusions. Rather, it provides a unified medium of value for submitting, competing over, validating, and settling threat intelligence. Whether users or enterprises receive effective detection services still depends on marketplace participants, arbitration outcomes, and specific service processes.

Question 2

What is NCT used for in the marketplace?

Accepted Answer

In the PolySwarm marketplace, consumers can provide bounty funds for an object requiring assessment, while detection engines submit their security assessments and participate in the associated economic settlement. NCT allows bounties, engine participation, and outcome settlement to be denominated in the same token. The key to this process is not that paying NCT necessarily produces a particular conclusion, but that bounties are used to attract multiple engines to provide comparable assessments of the same question. Whether those assessments are accurate must then pass through the marketplace's arbitration process, and the final result becomes the basis for reward or loss settlement.

Question 3

How does NCT staking affect detection outcomes?

Accepted Answer

NCT staking causes detection engines not only to submit a “malicious” or “benign” assessment, but also to bear token-level economic risk for that assessment. After an engine gives a conclusion regarding a bounty object and stakes NCT, its subsequent settlement depends not only on participation, but also on whether that conclusion matches the result confirmed through arbitration. Arbitration is not completed at the moment an engine submits its assessment. The marketplace subsequently forms a confirmed outcome using more time and evidence; that outcome connects the assessment, stake, and settlement of funds. Thus, staking expresses an engine's economic commitment to its detection conclusion, rather than a final official determination of threat status.

Question 4

What happens if an assessment is incorrect?

Accepted Answer

When the outcome confirmed through arbitration differs from an engine's assessment, an incorrect assessment may cause that engine to lose the NCT it staked; accurate assessments consistent with the confirmed outcome may participate in receiving rewards. In this way, detection quality affects participants' economic outcomes. Losses and rewards are arrangements for specific marketplace participation and settlement outcomes, rather than a general mechanism for all NCT holders. Even if an engine participates using NCT, it may still incur losses because of an incorrect assessment; participation itself does not guarantee returns.

Question 5

What are NCT's supply and issuance method?

Accepted Answer

NCT has a fixed total supply of 1,885,913,076 tokens. Official information states that this quantity was fully issued in 2018, so its supply design does not create new NCT through subsequent routine issuance, vesting, or unlocks. “Fixed total supply and fully issued” describes token creation and initial availability; it does not mean that all tokens are circulating in the market at any given time, nor does it mean that tradable market supply, holder distribution, or price remains unchanged.

Question 6

How was NCT initially allocated?

Accepted Answer

NCT's officially disclosed initial allocation covered security experts and the project team, presale investors, and public-sale participants. These categories describe which parties received token allocations at initial issuance, rather than the settlement rules for rewards distributed based on detection outcomes during marketplace use. Because official information also states that NCT was fully issued in 2018, the initial allocation should be understood separately from subsequent new issuance: the former is the first allocation of the existing total supply, while the latter is not a continuing minting component in this supply model.

Question 7

What type of token is NCT?

Accepted Answer

NCT is an ERC-20 token, meaning it follows the standard token interface on Ethereum and can be transferred and interact in wallets and contract environments compatible with that standard. ERC-20 describes a technical standard and does not by itself specify its economic use. NCT's actual role in PolySwarm is conferred by the marketplace mechanism: it is used to enable security professionals and enterprises to participate in the threat-detection marketplace and carries bounties, stakes, and settlement. Thus, “ERC-20” and “threat-intelligence marketplace token” respectively answer its technical form and application scenario.

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