Civic (CVC) is a blockchain-based identity management platform. The Civic team offers individuals and institutions the infrastructure and tools necessary to control and protect all identity information data. The platform was actually designed to change the way users control their personal data and is progressing on this path. While users are given the chance to verify identity without giving unnecessary amounts of personal information, protecting these data is seen as the primary goal.
The biggest advantage of Civic’s identity verification solution is its use of distributed ledger technology and blockchain. This makes everything transparent while personal data is not passed from hand to hand, and this verification is done secretly to other users. All user data is stored on the user’s mobile device and under their control. Users then control specific personal data through the Civic application with a biometric signature.
Compared to other user data storage methods, Civic leaves all sensitive data under user control. Of course, the fact that this requires mobile device approval also counts as additional advantages.
What is Civic (CVC)?
CVC Coin was founded in 2015 by Vinny Lingham and Jonathan Smith and quickly gained significant recognition. Lingham’s prominence in Shark Tank South Africa particularly influenced this.
Civic Coin is an ERC-20 based cryptocurrency. This cryptocurrency, based on the Ethereum network, is also used for many transactions on the network. Institutions are also required to make CVC payments for certain levels of identity verification tools.
With a total supply of 1 billion, CVC Coin’s circulating supply is 670 million. CVC has seen a 26% increase in the last 24 hours, ranking at 121. The price of CVC Coin is trading at 0.38 dollars. With a total market value of 257 million dollars, CVC is about to enter the top 100. Calculating the total supply of CVC at this unit price, its potential market value is expected to be 389 million dollars.
CVC reached its all-time price record at 1.66 dollars and has since declined by 76%.
Where to Buy CVC Coin?
Civic Coin can be purchased using the Binance cryptocurrency exchange.