Top 10 cybersecurity tokens by market cap
The crypto sector has been recently associated with hacker attacks, bankruptcies, and fraud. There are projects that aim to improve the reputation through enhancing the ecosystem’s security.
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Let's examine the top 10 tokens of projects that deal with cybersecurity, data validation, auditing, and provide information about threats and malicious activities in the crypto space. According to the CoinMarketCap website, the rating is based on market cap of total supply as of December 8, 2022.
CTK (Shentu Chain)
$78.8 million
Blockchain: BNB
CTK is the staking token of the Shentu Chain, blockchain security oracle. By connecting to the project’s ecosystem, the user gets access to protection features, data on the status of resistance to attacks and a special exploit prevention program. In case of theft, Shentu Chain recovers the stolen crypto to the holder.
The Shentu Chain system is powered by CTK token holders. They stake tokens or delegate them directly to validators to maintain the security of blockchains linked to the oracle. For such activities, users are rewarded.
Source: Shentu Chain.
UTK (Utrust)
$50.8 million
Blockchain: Ethereum
It is a payment platform token that provides secure multi-blockchain crypto transactions between merchants and customers. Utrust protects clients against market volatility through refunds on losses. The project has its own crypto wallet that supports both on-chain and off-chain transactions. After funds are credited, they can be immediately swapped to one of several fiat currencies.
Utrust guarantees the security of crypto transactions by serving as an intermediary that ensures the success of the transfer. The UTK token is used to make transactions.
Source: Utrust
VIDT (VIDT DAO)
$37.9 million
Blockchain: BNB and Ethereum
VIDT is a token of decentralized protocol with VIDT DAO open source that is controlled and managed by an independent community. The project is engaged in the verification, protection, and transmission of digital data, intellectual property, and Web3 documents.
VIDT DAO was created to securely store digital data on the blockchain, helping to prevent fraud. Users upload their encrypted files to the appropriate blockchain using the API protocol. The VIDT token is required to carry out transactions that transmit the necessary data to the chain of blocks.
Source: VIDT DAO.
HAI (Hacken)
$15.3 million
Blockchain: Ethereum.
It is a token of Ukrainian auditor that checks smart contracts, blockchains and decentralized applications for bugs that can lead to hacks. The company also consults and helps startups with cybersecurity. HAI is a utility token necessary for the operation of various company products.
Company executives believe that Web3 should adopt a new standard of ethical business conduct. In addition to safeguarding crypto transactions, the company views cybersecurity as a method of ensuring that there are no scams, exploits, fake trading, and other malicious frauds. Previously, The Coinomist published an interview with Hacken's CEO Dmytro Budorin.
Source: Hacken.
NCT (Polyswarm)
$14 million
Blockchain: Ethereum
NCT is a token of analytical platform PolySwarm that analyzes files, URLs, and other data to provide information about potential threats that are difficult to detect. The platform is powered by technologies and mechanisms from various manufacturers that compete with each other and are rewarded for the best performance. NCT native tokens are used to access platform scanner data and as rewards for detected malware.
Source: PolySwarm.
QSP (Quantstamp)
$12 million
Blockchain: Ethereum
QSP is a token of Quantstamp, a decentralized security protocol. More than 250 startups, foundations, and enterprises work with Quantstamp to keep their products safe. Quantstamp works with blockchains, NFT platforms and DeFi applications.
Smart contracts are automatically tested for bugs and flaws using the QSP token. Users who act as protocol validators can earn QSP for helping it provide security scans on the network.
Source: Quantstamp.
LSS (Lossless)
$12 million
Blockchain: Ethereum
It is a token of the Lossless project, which aims to restore trust in Web3 with a new layer of transaction security and protection of individual projects from malicious exploits and the associated financial losses.
LSS is a crucial component of the cybersecurity protocol that ensures the system's integrity. Lossless will enable anyone staking LSS tokens to report potentially fraudulent transactions on the blockchain.
Source: Lossless.
HAPI (HAPI Protocol)
$11.2 million
Blockchain: Ethereum
HAPI is a token of the platform that provides unfettered access to the largest on-chain database on malicious activity. The company is engaged in automatic monitoring and tracking of threats in real-time, checks addresses and classifies issues by severity level, provides a full-fledged analysis of smart contracts on an individual basis. HAPI combines many methods to counteract blockchain exploits.
Users can help in preventing scams and identifying potential cyberattacks by staking HAPI tokens. Additionally, tokens provide access to checking the addresses of contracts and wallets in order to understand whether they were previously associated with any fraud.
Source: HAPI.
DDOS (DisBalancer)
$0.2 million
Blockchain: Ethereum
DDOS is the token of the Ukrainian cybersecurity startup DisBalancer, which is backed by the Hacken auditor. The company provides DDoS stress testing, security consulting services, offers token protection against exploits, and shares its unused computing power with projects that need protection from hacker attacks.
In the DisBalancer ecosystem, the native token is essential for accessing the company's products. It can be earned by providing your bandwidth. You can also mint tokens in the HackenAI app.
Source: DisBalancer.
CDT (CheckDot Protocol)
0.2 million
Blockchain: BNB
CDT is a token of the CheckDot platform for checking crypto projects, codes, and smart contracts for fraud. The company also provides audits and consultations. Checkdot keeps users and developers safe from numerous threats and exploits.
All transactions on the platform are carried out with the CDT token. Its holders participate in voting that affect the future development of the platform.
Source: CheckDot.
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