Civic (CVC) is an Ethereum-based crypto token used within the Civic ecosystem, a platform that provides blockchain-based identity verification solutions. The primary goal of Civic is to enable individuals to manage and share their digital identities securely and efficiently without the need for repeated verification across various services.
Functions and Uses of Civic (CVC)
CVC serves as a utility token within the Civic ecosystem with various functions:
Payment for Identity Verification: Used as a payment tool between service providers and users for the identity verification process.
Participation Incentives: Provides incentives to users and validators who contribute to the ecosystem, such as verifying identities or introducing new users.
Service Purchases: Can be used to purchase services such as background checks, blockchain notarization, and dark web monitoring.
Current Market Data (as of May 15, 2025)
Price: Approximately $0.14 USD per CVC.
Market Capitalization: Approximately $140 million USD.
24-Hour Trading Volume: Over $86 million USD.
Circulating Supply: Approximately 802 million out of a total of 1 billion tokens.
Platforms and Integrations
Civic also operates Identity.com, an open-source platform that allows developers to integrate identity verification services into their applications without having to interact directly with the blockchain. This platform has been used by various projects, including the Brave browser, to verify user identities.