Civic is a blockchain-required access management technology that provides individuals and organizations with the tools they need to manage and safeguard personal identity data.
The current Civic price is $0.599989 USD, with a 24-hour trading volume of $558,927,290 USD. CVC to USD pricing is updated automatically. In the last 24 hours, Civic has lost 6.01 percent of its value.
The current CoinMarketCap ranking is #155, with a live market cap of $401,992,830 USD. There are 670,000,000 CVC currencies.
About Civic CVC
Civic's identity verification solution makes use of distributed ledger technology to approve identity usage in real-time and to share information with Civic partners only after the user has given permission.
The Civic ecosystem is powered by a one-of-a-kind utility token called the Civic token (CVC), which is used to settle identity-related transactions between Civic participants, such as a client and a wireless carrier.
Civic is designed to allow users to easily verify their identity with service providers while maintaining complete access to client-relevant personal data.
What is Civic CVC?
The platform aims to redefine how we think about identity verification by offering users more control over their personal data and allowing them to access a variety of services without having to divulge excessive amounts of personal data.
Users can earn CVC tokens for a range of acts, such as signing up for a service through the platform or introducing new users, whilst validators can earn CVCs for authenticating documents for service providers.
Civic was released in 2018 after a successful initial coin offering (ICO) the previous year.
Who Are the Founders of Civic CVC?
Vinny Lingham and Jonathan Smith joined hands together to develop Civic back in 2015.
Aside from the founders, the Civic team includes a slew of accomplished individuals, including COO Chris Hart, who has over two decades of expertise in senior finance and formerly served as CFO at Guidebook and Nextag.
What Makes Civic CVC Unique?
The Civic wallet is a smartphone crypto pocketbook that integrates a number of prominent cryptocurrencies, notably Bitcoin (BTC), Ethereum (ETH), and US Dollar Coin (USDC) (USDC).
The program may also be used as a digital identity management tool, and it comes with a $1 million Bitcoin insurance policy from Coincover The user's own device, which customers use to restrict access to their data, protects digital identities secured through the Civic app.
Where Can You Buy Civic CVC?
The CVC coin is quite liquid and can be purchased on a variety of exchange platforms, including Binance, Coinbase Pro, and Huobi Global. Tether (USDT), the Korean won (KRW), and Bitcoin are the most regularly traded currencies (BTC).
Frequently Asked Questions About Civic CVC
How Many Civic CVC Coins Are In Circulation Currently?
The 330 million tokens allotted to Civic have not yet been spent as of December 2020. It's currently stored in a multi-signature Ethereum wallet that may be followed.
What Security Measures Does the Civic CVC Take?
CVC is supported by the Ethereum blockchain, which is widely considered as one of the most decentralised and secure proof-of-work (POW) networks in use today as an ERC-20 token.
On What Factors Does The Price Of The Civic CVC Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact UTKs price and market cap.
Conclusion
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it's wide enough to quote that Civic CVC tokens have been upgraded to a new all-time high translation volume of almost $0.605 U.S Dollars per token.
Hence its quite safe to predict as the name suggests Civic has eased your civil trading needs while allowing newbies and professionals with the opportunity of trusting upon their unbreakable connection
Civic CVC Official Website –https://www.civic.com/
Civic CVC Twitter –https://twitter.com/civickey
Civic CVC Reddit –https://reddit.com/r/civicplatform
