Civic Coin (CVC) is the cryptocurrency behind Civic, a wallet in addition to the method of verifying your identity. The project is based on the latest technology to verify your identity as well as protect the transmission of your personal information. With Civic, you verify your identity in one go and you don't have to repeat the process. In the future, you can use this authentication for other KYC / AML requirements.
Civic aims to modernize authentication and now works for id.com, an open source marketplace that is the first of its kind to sell authentication services that use blockchain.
The CVC token makes it possible for Civic to provide low-cost and secure authentication based on the blockchain. The original token sale in 2017 raised $ 33 million for the project. Civic Coin is an ERC-20 token and therefore uses the Ethereum blockchain.
The Civic platform is free and easily accessible to the public. There are some small fees for certain transactions with digital currencies and small fees for purchasing digital currencies. Civic Wallet supports USDC, ETH, BTC and CVC at the time of writing, and plans to expand the support to other currencies. Civic Wallet also has a Cryptocurrency Protection Guarantee of 1 Million USD due to Lloyd's of London's insurance policy.
Civic Coin Price Prediction - What Does It Depend On?
The Civic Coin projection outlined below is based on the analysis of a number of factors as the price of cryptocurrencies is not in a vacuum.
Supply and demand
As with any cryptocurrency, pricing is highly dependent on supply and demand. If the demand for CVC increases without a corresponding increase in demand, the price will rise.
If the popularity of the Civic increases, the demand for the coin will increase. Given the robustness of the project along with a network of trusted partners, most Civic Coin forecast analysis views this prospect positively.
For reference, there are 670 million in circulating supply and 1 billion in total supply.
Civic Usability
Another factor influencing the CVC price prediction is where the Civic Wallet is worldwide. Currently, there are more than 40 countries whose residents cannot use Civic Wallet. This is only a small part of the world.
Additionally, the project already has team members in Germany, Brazil, South Africa and the United States, showing an reach that spans four continents. This is positive news for the Civic and its icon's future.
