Civic

Civic

Created using Figma
Created using Figma
Civic’s model allows for on-demand, secure and lower cost access to identity verification via the blockchain. Background and personal information verification checks may no longer need to be undertaken from the ground up every time a new institution or application requires one. Civic already has a working identity verification product that is available worldwide. Civic has won Best New Startup award at the K(NO)W Identity Conference 2017.
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    CVC/ETH 15 minutes ago
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    7.25%
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    $ 0.0771
    $ 28.272 K
    5.68%
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    $ 0.0774
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    6.69%
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    5.98%
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    $ 0.0768
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    5.23%
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    $ 0.0764
    $ 899.192 K
    6.51%
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    $ 0.0772
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    6.70%
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    CVC/BTC 57 minutes ago
    $ 0.0766
    $ 174.723 K
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    CVC/ETH 57 minutes ago
    $ 0.0767
    $ 18.71 K
    5.64%
    1,782.84%
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    $ 0.0768
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    4.41%
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    $ 0.0768
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    $ 0.0769
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Jun 21, 2017
Jun 22, 2017
100% completed
$33 000 000
45.2 K
cap
goal
100% cap completed
Goal 33 000 000.00 USD
Cap 33 000 000.00 USD
past
  • 2.5 CVC
    =
    1 USD
Token Details
Ticker
CVC
Company Details
Registered Country
United States
Additional Details
Categories
Software

About Civic

Civic’s model allows for on-demand, secure and lower cost access to identity verification via the blockchain. Background and personal information verification checks may no longer need to be undertaken from the ground up every time a new institution or application requires one. Civic already has a working identity verification product that is available worldwide. Civic has won Best New Startup award at the K(NO)W Identity Conference 2017.
In order to embrace our vision of creating a truly decentralized identity ecosystem we now intend to launch a utility token known as the Civic Token (CVC)

Civic’s ecosystem


Incentivizes only trustworthy Identity Verification (IDV) providers, for example, banks, utility companies, amongst many others
These entities will be able to verify the attributes of the identity of an individual or business and attest to those attributes on a blockchain
Through the use of smart contracts, Validators will be able to price their identity verifications and offer them to other participants, resulting in a robust and decentralized identity verification ecosystem

Civic’s token (CVC)


Validators receive CVCs when other participants utilize their attestations to prove identities
Users receive CVCs for providing their data more securely and privately through the ecosystem
All categories of participants can utilize CVCs for identity-related products and services provided by Civic and third parties through the ecosystem

Civic’s new ecosystem will reduce the overall cost of KYC, remove inefficiencies, enhance security and privacy, greatly improve user experience and disrupt the current identity verification supply chain.

Features

- Reducing the overall cost of KYC (know your customer)
- Improving user experience and disrupting the current identity verification supply chain
- Protecting the privacy and security of user`s Personally Identifiable Information
- CVC token is intended to act as a form of settlement between Validators and Service Providers within the ecosystem, it will also provide a means to incentivize all participants, including Users, to contribute to the ecosystem
- Already has a working identity verification product that is available worldwide
- Has won Best New Startup award at the K(NO)W Identity Conference 2017

Technical Info

Technical details:  Civic Tokens (CVC) are ERC20-compliant tokens on the Ethereum blockchain. Civic intends using of smart contracts, which will ideally be built on Rootstock (“RSK​”). In addition, the Civic ecosystem will also include Civic’s existing app (through which Users will share their PII with chosen Validators and consent to transactions by interacting with the smart contracts), and software to be developed by Civic through which Validators and Service Providers will themselves be able to interact with the smart contracts. While Civic will develop the initial smart contracts and software that will be available at launch, the ecosystem will be open to third-party providers. Proof of developer:  Public team

Civic Roadmap

  • Pre-announcement

  • May 25 2017

  • Civic announces token sale
  • Bookbuilding starts

  • June 21 2017

  • Crowdsale starts
  • Read More
  • Bookbuilding ends

  • June 28 2017

  • Crowdsale ends
  • Expected start of trading

  • July 2017

  • Ecosystem development begins

Activity

Posts:
519
VERY HIGH
Followers:
3 687
MEDIUM
Likes:
3 185
MEDIUM
Rating:
4.50
HIGH
Followers:
88 747
VERY HIGH
Tweets:
1 356
VERY HIGH
30 Days Growth:
399
Members:
6 738
HIGH
30 Days Growth:
-294
Alexa

Rank:
323 162
MEDIUM
Delta:
76 223
Year commits:
30
Watchers:
24
Stars:
20
Forks:
4
Open issues:
1

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Juan Benet
Juan Benet Founder, CEO at Protocol Labs, Inc.
unverified
Vinny Lingham
CEO
unverified
Matt Roszak
Co-founder and chairman of Bloq
unverified
Jeffrey Paul
Hacker, Researcher, Speaker, Entrepreneur, EEQJ, I...
unverified
Jonathan Smith
CTO
unverified

3 ICO

$47 400 000

Diego Gutiérrez Zald...
CEO & Co-founder at RSK Labs
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

3 ICO

$56 457 071

Jeff Garzik
Adviser
unverified

9 ICO

$238 471 762

Anthony Di Iorio
Advisor
unverified

Last News

$ 0.0648
5.14%
Coin Stats
Daily, %:
5.14%
Weekly, %:
7.41%
Monthly, %:
45.99%
Market Info
Market Cap:
$ 22.204 M
Volume 24h:
$ 1.783 M
Circ. Supply:
342.7 M CVC
Ticker:
CVC
ICO profit
X 0.0648
ICO Price~$1.00

Civic Reviews

crushcrypto.com
review

Opportunities:
1) Solves a real problem that can be benefited from the decentralized platform
- Right now, identity verification is a pain in the butt. You need to give away so much personal and sensitive information to different companies.
- The whole process is also very inefficient – oftentimes you are sending the same information over and over again to different organizations.​
- If you are in the cryptocurrency game, you know about the hassle that you need to go through verifying your account in every single exchanges. Not to mention that the time it takes for each company to verify and approve the documents that you sent.
- If Civic becomes successful, it is going to dramatically cut down the time and cost associated with verifying users’ identity.
2) Great team – Vinny Lingham, being a star on Shark Tank, lends a lot of credibility to the project.
3) Unlike most ICO nowadays, Civic already has a product – the secure identity app. Although the app is still in an early stage, I can see how users can benefit from using the app.
- If you are performing an action (creating an account, making a purchase, etc.) on companies partnered with Civic, the website will show a QR code which you can scan using the Civic app. Your identity will be instantly verified once the code is scanned.
4) The ICO structure levels the playing field and ensures smaller participants can get in.
5) There is a network effect for this project – the more users the token has, the more valuable they are.

Concerns:
1) Market cap of $100 million is on the high end of ICOs. It may affect how quick the token price can move.
2) Civic is asking for a lot of sensitive information from users – some users may feel uncomfortable sharing so much personal information to an unproven startup. If this happens, it would be difficult for the project to scale.

Conclusion:
Overall, I like this ICO because it has the potential to disrupt a very inefficient and frustrating process. Our thoughts of the tokens for short term and long term are as follows:
1) For short-term holding:
- May not be that good because (1) the market cap is higher than most recent ICOs, and (2) the ICO structure allows pretty much everyone to be able to participate in it, reducing the demand for purchasing the token immediately following its trading on exchanges.
2) For long-term holding:
- Very good potential for the following reasons:
i) Vinny Lingham is a high profile and experienced entrepreneur – this can dramatically increase the odds of the project being successful because Civic would have an easier time finding large corporations as partners.
ii) I believe identity verification has not seen much innovation in the past. If Civic is successful, it can disrupt and dramatically improve the current model, and in the meantime, make a lot of money for token holders.

Read More
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