Civic Price

Civic (CVC) is a blockchain-based identity management solution operating on the Ethereum platform. Currently ranked #634 with a price of $0.06268, it has shown a +0.89% change in the last 24 hours. Civic aims to give users greater control over their personal data while transforming identity verification processes. With a market cap of $50.26M and 24-hour trading volume of $254.54K, Civic has a total supply of 1B CVC tokens. The platform connects users and service providers through a decentralized ecosystem where individuals can securely manage their identity information without compromising privacy. Civic supports enterprise solutions and identity verification across both Ethereum and Solana ecosystems, positioning itself as a key player in the Web3 identity management space since its launch in 2017.

Civic was created on June 22, 2017. It launched through an Initial Coin Offering (ICO) on this date as an ERC-20 token on the Ethereum blockchain. Since its creation, Civic has established itself as a utility token within the identity verification ecosystem, focusing on secure and private identity management solutions.

Civic was founded by Jonathan Smith and Vinny Lingham, who established Civic Technologies Inc. in 2015. Based in San Francisco, these entrepreneurs created Civic as a blockchain-based identity verification platform. The project launched its token CVC in 2017 through an initial coin offering (ICO). Smith serves as the CTO while Lingham, a serial entrepreneur and former CEO of Gyft, serves as the CEO of the company.

Civic operates as a decentralized identity verification platform built on the Ethereum blockchain. The CVC token powers the ecosystem where users can securely manage and share their personal information while maintaining privacy. When using Civic, individuals control their identity data through a mobile app, sharing only what's necessary with service providers. The platform uses blockchain technology to create tamper-proof identity attestations without storing personal data on the blockchain itself. The CVC token serves multiple functions within the ecosystem: - Service providers pay in CVC to verify user identities - Users earn CVC for sharing their verified information - Validators receive CVC for confirming identity information With a current price of $0.06268 and market cap of $50.26M, Civic aims to revolutionize digital identity management by eliminating the need for repeated KYC processes while giving users control over their personal data. The platform has expanded to include Solana ecosystem integration, enhancing its utility in the Web3 space.

Civic operates on a dual-layer technical architecture. At its foundation, it's built on the Ethereum blockchain as an ERC-20 token, utilizing smart contracts for secure identity verification transactions. The platform employs a decentralized identity verification protocol that allows users to share personal data with verified entities without repetitive submissions. The architecture consists of three main components: 1. Identity verification layer - handles KYC processes and data validation 2. Smart contract layer - manages token transactions and access rights 3. User interface layer - provides interaction points for users and service providers Civic also features integration with the Solana ecosystem, enhancing scalability and transaction speeds. The token uses cryptographic techniques to ensure data privacy while maintaining compliance with regulatory requirements. This architecture enables Civic to serve as both a utility token for accessing identity services and a governance token within its ecosystem.

Civic has a promising future with a focus on identity verification and management in the Web3 ecosystem. The roadmap includes expanding its decentralized identity solutions across both Ethereum and Solana ecosystems by 2026. Key upcoming developments include: - Enhanced enterprise identity solutions - Broader integration with DeFi platforms - Improved self-sovereign identity tools - Expansion of use cases in the metaverse Price projections suggest CVC could reach between $0.21-$0.26 by the end of 2025, with further growth potential as digital identity becomes increasingly important in the blockchain space. The team continues to build partnerships within the Web3 sector, focusing on practical applications that leverage Civic's identity verification technology. With backing from notable investors like DCG and Pantera Capital, Civic is well-positioned to capitalize on the growing demand for decentralized identity solutions.