What is Civic (CVC)?
Civic is a decentralized identity ecosystem that allows for on-demand, secure and lowers cost access to identity verification via the blockchain. CVC is an Ethereum-based token used by service providers that are looking to acquire information about a user.
Civic (CVC): History
Matt Roszak is the Co-founder and Chairman of Bloq of CVC. In July-September 2017, the Civic Partner Network established and several partner sites including WikiHow were introduced to the ecosystem. The first Smart Contract was built and tested at the same time.
In October to December 2017, the Civic Marketplace was released in Alpha phase, and some more providers were added to the system, along with the introduction of CVC payment system for identity verification. The WordPress API were also made available to the developers.
Civic has a total of 1 billion tokens available out of which 33 million were sold via ICO which started on 25th May 2017. The Same amount has been kept reserve by the company, and again, the same amount has been kept to give incentives to the users.
How does Civic (CVC) work?
When the user wishes to register with a new service provider, he can submit the request, along with the digital identity which is stored in the blockchain. This new service provider, then, requests validation of the furnished data from a trustworthy partner of the ecosystem, such as a government agency(validator). This validator then stamps an approval of validation on the received data.
The user receives a reward whenever they register with a new service provider. The validators receive a Civic token for validating the data. The users can also earn Civic tokens when they furnish their data to a validator. Finally, the users get rewarded for introducing another user to the network.
How to buy Civic (CVC)?
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Civic (CVC) Price prediction 2018
CVC can be a profitable investment option. Civic price equal to 0.444 USD at 2018-02-08. If you buy Civic for 100 dollars today, you will get a total of 225.181 CVC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-03 is 4.634 US Dollars. With a 5-year investment, the revenue is expected to be around +943.43%. Your current $100 investment may be up to $1043.43 in 2022. Civic price today is $0.443145 and the market cap value is $151,865,776. The current supply is 342,699,966 CVC and the volume is $14,019,200. Civic price chart, Civic mining, Civic exchanges, Civic wallets, Civic history, where to buy Civic, how to buy Civic.