Just a few short weeks into 2018, PolySwarm has issued its second significant statement of intent, announcing a partnership with the team behind Rivetz. With the recent announcement of the launch of a brand new decentralised marketplace for companies to build long-term partnerships to detect and combat cybersecurity threats, the previous statement was just the start of a big year for the business.
\r\nThe first announcement on the 8th January, concerned plans for PolySwarm to launch an ICO, with the sale to begin on 6th February 2018. The token, called Nectar, will have a set volume available. The plan is for 70 per cent of the tokens to be sold during the ICO phase, with no mining available to acquire the digital tokens.
\r\nThe funding goal stands at a healthy, and ambitious, $50 million, with PolySwarm maintaining ownership of 15 per cent of all tokens created. The remaining 15 per cent will then be used in order to assist with the growth of the network through allocations to potential long-term industry partners within the cybersecurity sector.
\r\nPutting together a funding goal as ambitious as the Nectar token has led to collaboration with the team behind Rivetz to create the new Decentralised Cybersecurity Consortium. It is an exciting time to be part of this project, which is utilising brand new technology to combat cybersecurity threats.
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