What Is Civic (CVC)?
Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.
The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.
Civic’s identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.
\ Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.
The Civic ecosystem is enabled by a unique utility token known as the Civic token (CVC), which is used for the settlement of identity-related transactions between Civic participants – such as between a customer and service provider.
Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.
Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.
Who Are the Founders of Civic?
Civic was co-founded in 2015 by Vinny Lingham and Jonathan Smith.
Vinny Lingham is a serial entrepreneur who appeared on Shark Tank South Africa in 2016, and has co-founded several prominent firms, including a South Africa-based investment fund known as Newtown Partners and Gyft – a Google ventures-backed digital card platform. Lingham is Civic’s CEO.
Jonathan Smith is the current CTO of the platform and has more than 15 years of experience in the banking industry. Prior to his role at Civic, Smith held various managerial roles at prominent firms, including Deloitte MCS Limited and HSH Nordbank, and was the global head of Platforms at Genpact Headstrong Capital Markets.
In addition to the founders, the Civic team includes a host of highly successful individuals, including COO Chris Hart, who has two decades of experience in senior finance, and previously held the role of CFO at Guidebook and Nextag.
The official Civic LinkedIn page currently lists 38 employees, many of which are based in the San Francisco Bay Area.
Civic Price Prediction
If you’re looking for Civic price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Civic (CVC) will go in the future? We will analyze the past prices of Civic (CVC) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 0.25|
|24h Volume||$ 11,594,498|
Civic (CVC) Price Prediction
At reconshell.com we predict future Civic price predictions/CVC forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Civic. We do our best to collect maximum historical data for the CVC coin which include multiple parameters like past price, Civic marketcap, Civic volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Civic Price Prediction 2022
According to our deep technical analysis on past price data of CVC, In 2022 the price of Civic is predicted to reach at a minimum level of $0.33. The CVC price can reach a maximum level of $0.38 with the average trading price of $0.34.
Civic Price Prediction 2023
The price of Civic is predicted to reach at a minimum level of $0.46 in 2023. The Civic price can reach a maximum level of $0.58 with the average price of $0.48 throughout 2023.
CVC Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Civic is predicted to reach at a minimum level of $0.70. The CVC price can reach a maximum level of $0.80 with the average trading price of $0.72.
The price of 1 Civic is expected to reach at a minimum level of $1.01 in 2025. The CVC price can reach a maximum level of $1.21 with the average price of $1.05 throughout 2025.
Civic Price Prediction 2026
Civic price is forecast to reach a lowest possible level of $1.51 in 2026. As per our findings, the CVC price could reach a maximum possible level of $1.78 with the average forecast price of $1.55.
Civic Price Prediction 2027
According to our deep technical analysis on past price data of CVC, In 2027 the price of Civic is forecasted to be at around a minimum value of $2.22. The Civic price value can reach a maximum of $2.62 with the average trading value of $2.30 in USD.
Civic (CVC) Price Prediction 2028
The price of Civic is predicted to reach at a minimum value of $3.16 in 2028. The Civic price could reach a maximum value of $3.89 with the average trading price of $3.28 throughout 2028.
Civic Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Civic is expected to reach at a minimum price value of $4.82. The CVC price can reach a maximum price value of $5.46 with the average value of $4.95.
Civic (CVC) Price Prediction 2030
The price of Civic is predicted to reach at a minimum value of $6.74 in 2030. The Civic price could reach a maximum value of $8.25 with the average trading price of $6.98 throughout 2030.
Civic Price Prediction 2031
Civic price is forecast to reach a lowest possible level of $10.17 in 2031. As per our findings, the CVC price could reach a maximum possible level of $11.58 with the average forecast price of $10.45.
What Makes Civic Unique?
Civic is built to make it easy for users to verify their identity with service providers, while still retaining full control over their personal information.
It allows businesses to onboard users faster using its AI-powered verification system, which when combined with human review helps businesses cut down on fraud and stay compliant with AML regulations and OFAC rules.
As of December 2020, Civic has two main products: the Civic wallet and Health Key.
The Civic wallet is a mobile cryptocurrency wallet that can be used to store a handful of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). The app doubles as a digital identity management solution, and benefits from a $1 million Bitcoin insurance plan provided by Coincover.
Health Key is Civic’s newest product. This is an app that allows employers to securely verify the health status of employees, to ensure they are healthy enough to return to the workplace after an infection with COVID19 – such as if they test positive for antibodies or have been vaccinated. This is achieved without compromising the privacy of the employee.
How Many Civic (CVC) Coins Are There in Circulation?
As of late December 2020, there are exactly 670 million CVC tokens in circulation, representing 67% of the maximum 1 billion CVC total supply. The current circulating supply can be found in the right data panel.
As per the Civic token sale website, a total of 1 billion CVC were minted, of which 33% were sold in the token sale; 33% is retained by Civic; 33% is allocated for incentives and rewards; and the remaining 1% was used to cover token sale costs.
How Is the Civic Network Secured?
Over time, Ethereum will gradually transition to proof-of-stake (POS) with the roll-out of Ethereum 2.0. Once complete, the CVC token and associated transactions will be secured by a network of validator nodes.
Digital identities secured through the Civic app are protected by the user’s own device, which customers use to control access to their data.
Where Can You Buy Civic (CVC)?
The CVC token is highly liquid and can be traded on dozens of exchange platforms, including Binance, Coinbase Pro and Huobi Global. It is most commonly traded against Tether (USDT), the Korean won (KRW) and Bitcoin (BTC).