Civic is a blockchain-based identity management solution that enables individuals and businesses to control and protect personal identity information. As leaders in the decentralized identity space, Civic focused on real-world applications of its blockchain-powered technology. Civic offers flexible identity verification technology for businesses by using digital identity as a gateway for decentralized finance on the Solana blockchain.
Civic ecosystem is designed to facilitate on-demand, secure low-cost access to identify verification or IDV services via the blockchain. Civic token, or CVC, participates in the ecosystem for IDV-related services transactions.
Civic goal is to reduce the overall cost of IDV, remove inefficiencies, enhance security and privacy, improve user experience and disrupt the current IDV supply chain.
Civic (CVC), as an ERC-20 token, is supported by the Ethereum blockchain, one of the most decentralized and secure proof-of-work (POW) networks in current usage.
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
Based on reports on 10/08/2021, CVC's Return On Investment (ROI) over the past year was 2,277% %, which is 2.92 times more profit in comparison to similar projects. However, CVC underperformed in comparison to the top 1500 projects of the market average ROI. The top 1500 projects of the market saw an average ROI of 9,812% over the same period. You can have Free access to our full ROI report on our website.
Talking about market capitalization, at the date of writing this post (10/08/2021), CVC is ranked 159 among all crypto projects in the market, with an approximately $355 million market cap. Our data show that CVC's ranking followed an exponential increase in September 2021 and it reached $0.8. However, at the time of writing this post, its price is about $0.53. Also, its liquidity score is 53% over the market's average score.
Another critical factor in determining the success of a project is gaining public attention. Our data indicate that CVC's Twitter account followers saw a growth of 5% over the last months, increasing from 102K to 107K, at the time of writing this post. Also, the growth of CVC's Reddit subscribers was about 4%. However, this token popularity on Telegram shrunk about 11%, over the same period. However,
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