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The parent company of CVC token, Identity.com, is a non-profit organization that operates in the field of identity verification with an open-source and decentralized ecosystem. Together with Identity.com, companies and developers can create applications and on-demand identity verification solutions that provide users with greater control over their digital identities.
Cvc Coin
The Civic token or Civic coin is primarily a currency associated with Civic, which evolves on the Ethereum Blockchain and is exchanged primarily during the identity verification process. According to the platform’s statements, the CVC token is typically traded with cryptocurrency pairs on exchanges, and the number of these exchanges is approximately 25. There are more limited exchange options for traditional money transactions.
In addition, the Civic token is an ERC20 token, meaning it can be stored in any wallet that supports Ethereum.
Furthermore, unlike cryptocurrencies such as Bitcoin and Ethereum, the Civic coin is a cryptocurrency that is not mined.
The Civic platform offers its services to users along with the Civic Wallet. The Civic Wallet is a digital wallet that provides a secure and easy way to send, receive, and store digital currencies. According to statements, downloading and using the Civic Wallet is free. Small fees may be applied for some digital currency transactions, and a small fee may be charged to purchase digital currencies.
In addition, currently, the Civic Wallet supports USD Coin (USDC), Bitcoin (BTC), Ethereum (ETH), and Civic (CVC). The platform also states that additional currencies will be supported in the future. The platform also highlights two main functions of the Civic Wallet that are available:
- Digital currencies including USDC, ETH, BTC, and CVC can be used and stored through the Civic Wallet.
- Digital currencies can be sent and received by entering a user’s name or wallet address or by scanning a QR code.
Civic Token Price
At the time of writing, the price of Civic coin is trading at $0.0297. According to Civic coin market cap data, it reached its highest level on December 25, 2017, trading at $1.66. However, the lowest price of the CVC token was during the market crash in March 2020 when it dropped to $0.0108.
Additionally, as indicated by Civic coin market cap data, of the planned total of 1,000,000,000 CVC coins, 670,000,000 are currently in circulation. The CVC token’s 24-hour trading volume is approximately $6,984,552, while its total market value is seen to be $19,943,149. With this market volume, the Civic token ranks 303rd in terms of market cap.
Civic Coin Review
The innovations brought by the Civic platform in the field of identity verification are promising, and this is expected to be reflected in the price over time. Because, according to the platform’s statements, the identity verification process has always been a problem, and there have always been issues with manual verifications. Civic’s use of Blockchain and its decentralized system, along with data encryption, make the identity verification process completely secure.
In addition, according to Civic reviews, while most cryptocurrencies focus on payment and banking systems, CVC token’s focus on identity verification sets it apart from other projects.
Due to its solutions in a different field and its service since 2017, investors and researchers believe that CVC token is promising.
How to Buy CVC Coin?
Civic token, considered a very important project in the field of identity verification, can be quickly purchased through Binance.
