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Civic Price

(CVC)

$0.0198
0.00%(5m)

1m5m15m1h8h1d1W
Civic (CVC) Live Price Chart

    Civic Live Price Data

    The live price of Civic is 0.0198, with a total trading volume of -- in the last 24 hours. The price of Civic changed by +1.02% in the past day, and its value has decreased by -2.94% over the last week. With a circulating supply of 1.00B CVC, the market cap of Civic is currently 0 , marking a +1.02% increase today. Civic currently ranks #710 in market cap.

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    Note: This data is for reference only.
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    CVC(CVC) Profile

    altRank710
    rateB
    Expand
    $0.0196
    $0.0198

    ATH
    $1.66210997
    Price Change (1h)
    --
    Price Change (24h)
    +1.02%
    Price Change (7d)
    -2.94%
    Market Cap
    24h Volume
    Circulating Supply
    1B
    Max Supply
    1B

    About Civic

    • What Is Civic (CVC) Crypto?

      Civic is a blockchain project that aims to simplify identity verification services using blockchain technology. It provides a secure and efficient way for users to verify their identities and share this verified information with service providers without needing constant re-verification.

      In return for participating in this process, service providers may reward users and verifiers with CVC tokens. CVC is essential for supporting payments for smart contract commands and maintaining the underlying blockchain that backs up the platform.

      The Civic ecosystem is built on blockchain technology, specifically the Ethereum blockchain, and has successfully elevated the quality of services for its existing products, particularly the Civic Secure Identity Platform (SIP). The platform operates through smart contracts and utility tokens, with CVC being the native ERC-20 token used to facilitate transactions related to services offered by the Civic ecosystem.

      CVC tokens are rewarded to Validators and Users for sharing reliable information and engaging in various platform activities to incentivize participation and contributions to the Civic ecosystem. Validators receive rewards for providing identity data validation, while Users are rewarded for signing up for services, providing their identity information, or introducing new users to the platform.

    • How Does Civic Pass Work?

      Civic (CVC) aims to simplify and enhance identity verification processes using blockchain technology, providing a more secure and efficient decentralized identity (DID) solution for users and service providers. The CVC token is a utility for transactions within the ecosystem and incentivizes participation and contributions from participants.

      The Civic ecosystem involves two main parties: Users and Validators. Users are individuals or associated businesses that need their identities verified, while Validators are institutions responsible for verifying the IDs of Users.

      Validators approve the verified User data on the Civic ecosystem, simplifying the validation process for real User IDs within the blockchain. Other external agencies can then use the already validated data without the need for repetitive human involvement or sharing confidential data repeatedly.

      Once a User's identity is verified and stored on the blockchain, they can securely share this verified information with service providers without repetitive verification processes. This reduces the risk of identity fraud and enhances the efficiency of identity verification.

    • When Was Civic Launched?

      Civic Technologies, Inc. was founded in 2015 by Jonathan Smith and Vinny Lingham. Vinny Lingham is a well-known entrepreneur who previously founded the digital gift-card platform Gyft, which was acquired by First Data Corp. in 2014. He serves as the Chairman of the board at Civic. Jonathan Smith serves as the company’s Chief Technology Officer (CTO).

      Civic was officially launched in July 2016 with the public beta release of its app. The app initially alerted users when their social security numbers were being used with one of the company's partners.

      The Civic roadmap has been focused on improving identity verification processes, enhancing user experience, and expanding its ecosystem. Over time, the company has introduced various features and upgrades to its platform, including the CVC token, which serves as a utility token to support transactions within the Civic ecosystem.

      In March 2021, Civic announced a technology integration with the Solana blockchain to offer improved privacy, ease of use, and regulatory compliance. The integration addressed the high fees and slow transactions experienced on early blockchains like Ethereum.

      By leveraging Solana's technology, Civic's wallet was expected to become high-speed and have lower transaction fees, catering to the needs of DeFi products and other application layer technologies in the future.

    FAQ

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    • What Is Civic (CVC) Tokenomics?

    • What is the all-time high price of Civic (CVC)?

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