$ 0.1142 USD
$ 0.1142 USD
$ 114.57 million USD
$ 114.57m USD
$ 11.232 million USD
$ 11.232m USD
$ 135.378 million USD
$ 135.378m USD
1 billion CVC
Issue Time
2017-07-18
Platform pertained to
--
Current coin price
$0.1142USD
Market Cap
$114.57mUSD
Volume of Transaction
24h
$11.232mUSD
Circulating supply
1bCVC
Volume of Transaction
7d
$135.378mUSD
Change
24h
+6.63%
Number of Markets
169
More
Warehouse
Takashi Sasaki
Github's IP Address
[Copy]
Codebase Size
45
Last Updated Time
2020-12-17 08:13:52
Language Involved
--
Agreement
--
Current Rate0
0.00USD
3H
0.00%
1D
+6.63%
1W
-7.52%
1M
-33.7%
1Y
+21.78%
All
-34.53%
Aspect | Information |
---|---|
Short Name | CVC |
Full Name | Civic token |
Founded Year | 2017 |
Main Founders | Vinny Lingham, Jonathan Smith |
Support Exchanges | Binance, Huobi, Poloniex, HitBTC, OKEx |
Storage Wallet | Metamask, Trezor, Ledger |
Civic (CVC) is a cryptocurrency token that operates on the Ethereum platform, conceptualized and launched in 2017 by Vinny Lingham and Jonathan Smith. As an identity verification solution, it leverages distributed ledger technology to better manage digital identities. The CVC token functions as a utility token on this platform, incentivizing and facilitating these identity verification processes.
Pros | Cons |
---|---|
Efficient identity verification process | Dependent on Ethereum network performance |
Supported by major exchanges and wallets | Market volatility risk |
Implementation of Distributed Ledger Technology | Potential regulatory issues |
Has established and experienced founders | Adoption and scalability challenges |
Has a clear use-case as a utility token | Competition from other identity verification solutions |
Over the coming decades, CVC's price is expected to experience fluctuations. By 2030, the tCVCing range is projected to be between $0.3080 and $0.4455. In 2040, our forecast suggests CVC could reach a peak price of $0.7364,with a potential minimum around $0.5920.Looking ahead to 2050, technical analysis indicates that CVC's price could range from $0.8761 to $1.07,with an estimated average tCVCing price of about $0.9050.
The CVC token, devised by Civic, introduces an interesting innovation within the blockchain sphere: it concentrates specifically on identity verification using distributed ledger technology. Society's transition to the online world raises many concerns over identity theft and fraud, and Civic aims to address these digitally by employing blockchain to securely validate identities.
This pursuit is clearly different from many other cryptocurrencies, which tend to focus more on financial transactions or the general concept of smart contracts. The CVC token thus emerges from a specific use case, serving as a utility token in the Civic platform's ecosystem to assist and incentivize the identity verification progress.
Civic, the platform behind the CVC token, operates on a Secure Identity Ecosystem. This ecosystem allows for the secure identification and verification of users without the need for traditional physical or digital identification systems. It means users, businesses, and institutions can interact confidently, knowing that everyone's identities have been securely verified.
In this system, CVC tokens act as the driving force. When a user's identity is verified, the institution doing so receives CVC tokens as a reward. Likewise, a user requiring their identity to be verified pays in CVC tokens. The tokens thus incentivize, facilitate, and operate at the heart of the identity verification processes.
Underpinning the Civic system is the technology of the blockchain. The Ethereum-based blockchain decentralizes data, ensuring that the information is transparent and verifiable across the network, making it more resistant to fraud and improving security. Since it leverages Ethereum's network, CVC is an ERC20 token, and its operation is inherently linked with the performance of the Ethereum network.
1. Binance: It's one of the largest global cryptocurrency exchanges in terms of trading volume. For CVC, Binance supports trading pairs that include CVC/USDT, CVC/BTC, and CVC/ETH.
2. Huobi Global: An advanced digital currency trading platform. Huobi supports currency pairs for CVC that include CVC/USDT, CVC/BTC, and CVC/ETH.
3. OKEx: A digital asset exchange platform that provides safe and reliable trading of CVC. OKEx supports the following for CVC: CVC/USDT, CVC/BTC, and CVC/ETH.
4. Poloniex: Established in 2014 and providing a secure trading environment, it supports CVC/trading pairs like CVC/BTC, CVC/USDT, and CVC/ETH.
Three types of wallets generally used to store CVC tokens are:
1. Web Wallets: Web wallets run on internet browsers and store your private keys online. MetaMask is an example of a web wallet that allows users to store and manage their CVC tokens along with other ERC-20 tokens. However, while they offer convenience, they are not as secure as hardware wallets.
2. Mobile Wallets: Mobile wallets are smartphone applications that allow users to store and manage their cryptocurrencies on their mobile devices. Trust Wallet is one example of mobile wallets compatible with CVC tokens. These wallets are convenient for transactions on the go but are vulnerable to phone loss and hacking.
3. Hardware Wallets: Hardware wallets are physical devices that securely store a user's private keys offline. They provide better security than both web and mobile wallets because they are invulnerable to online hacking attempts. Well-known hardware wallets that can store CVC tokens include Ledger and Trezor.
Buying CVC tokens, or any other type of cryptocurrency, involves careful analysis and understanding of markets, blockchain technology, and the risks associated with digital assets.
Those who may find CVC tokens suitable are generally individuals or entities who:
1. Have an interest in the blockchain technology and its applications, particularly in identity verification solutions.
2. Are looking to diversify their cryptocurrency portfolio with utility tokens that have a clear use case.
3. Are willing to bear the risks associated with the volatility of the cryptocurrency market.
4. Understand the Ethereum platform, as CVC tokens are based on this network.
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