What is the circulation amount of PolySwarm(NCT) coins?

PolySwarm's (NCT) circulating supply amounts to around 1.1 billion tokens, constituting approximately 90% of its total supply of 1.2 billion.

Dec 09, 2024 at 04:56 pm

What is the Circulation Amount of PolySwarm (NCT) Coins?

PolySwarm (NCT) is a decentralized threat intelligence platform that connects security researchers with businesses to detect and mitigate cyber threats. The NCT token is the native cryptocurrency of the PolySwarm platform and is used to reward researchers for sharing threat intelligence and to pay for access to threat intelligence data.

The circulation amount of PolySwarm (NCT) coins is approximately 1.1 billion NCT. This represents approximately 90% of the total NCT supply, which is capped at 1.2 billion NCT. The remaining 10% of the NCT supply is held in reserve by the PolySwarm team and is used to fund the development of the platform and to support the growth of the PolySwarm ecosystem.

The circulation amount of PolySwarm (NCT) coins has been steadily increasing since the launch of the platform in 2017. This is due to the growing demand for threat intelligence data and the increasing number of researchers who are contributing to the PolySwarm platform. The growth in the circulation supply of NCT is expected to continue as the PolySwarm platform grows and becomes more widely adopted.

The circulation amount of PolySwarm (NCT) coins is an important factor to consider when evaluating the value of the NCT token. A higher circulation supply means that there are more NCT tokens available on the market, which can lead to a lower price per token. However, a higher circulation supply can also indicate that the platform is growing and that there is a strong demand for the NCT token.

Here is a more detailed explanation of the factors that can affect the circulation amount of PolySwarm (NCT) coins:

1. The demand for threat intelligence data: The demand for threat intelligence data is growing as businesses become more aware of the need to protect themselves from cyber threats. This increased demand for threat intelligence data is leading to an increase in the number of researchers who are contributing to the PolySwarm platform. As the number of researchers who are contributing to the platform grows, the circulation supply of NCT will increase.
2. The issuance of new NCT tokens: The PolySwarm team can issue new NCT tokens to fund the development of the platform and to support the growth of the PolySwarm ecosystem. However, the team has stated that it will only issue new NCT tokens if there is a clear need for additional funding.
3. The burning of NCT tokens: The PolySwarm team can burn NCT tokens to reduce the total supply of NCT. This can help to increase the value of the NCT token. The team has stated that it will only burn NCT tokens if it believes that it is in the best interests of the PolySwarm community.

The circulation amount of PolySwarm (NCT) coins is a key factor to consider when evaluating the value of the NCT token. The demand for threat intelligence data, the issuance of new NCT tokens, and the burning of NCT tokens can all affect the circulation supply of NCT and impact the value of the token.