Civic (CVC) is a personal identity verification service provider that leverages modern cryptography, blockchain technology, and smart contracts to develop secure, on-demand, and low-cost access to identity verification services. It aims to build a safe and equitable future for all by providing a futureproof identity for any use case. Civic’s decentralized identity verification ecosystem, called Identity, connects users, requesters, and validators worldwide, allowing users to reuse their verified identities across various platforms without constant re-verification.
Civic (CVC) is used as a utility token to facilitate various functions within the Civic ecosystem. Here are some key ways CVC is utilized:
Payment for Identity Verification: CVC is used to settle transactions between Identity Verifiers and Identity Requesters within the Civic ecosystem. Requesters pay Verifiers in CVC for verifying user identities.
Incentivizing Participation: CVC is used to incentivize users to contribute to the ecosystem. For example, users are rewarded CVC for signing up for services, sharing their identity, or introducing new users to the platform.
Purchasing Services: CVC can be used to purchase existing services directly from Civic, such as personal background checks, blockchain notary services, dark web monitoring, and P2P identity services.
Smart Contract Payments: CVC is used to facilitate payments for smart contract commands within the Civic ecosystem.
Validator Rewards: Validators are rewarded CVC for confirming identities, which helps maintain the integrity of the network.
Overall, CVC plays a crucial role in powering the Civic ecosystem, enabling secure and efficient identity verification processes.
To store Civic (CVC) tokens, you can use various wallet options that offer secure storage. Some popular Civic wallet options include:
- Trust Wallet: A secure and user-friendly wallet for storing CVC coins.
- MetaMask: A well-known wallet that supports Civic tokens.
- Ledger: A hardware wallet option for secure offline storage.
- imToken: A reliable wallet for storing CVC tokens.
- Torus: Another secure wallet option for Civic tokens.
- Guarda: A multi-currency wallet that allows you to buy, send, receive, and store your Civic tokens quickly and securely.
- Civic Wallet: A mobile crypto app that stores CVC tokens along with other popular cryptocurrencies.
These wallets provide a safe and convenient way to manage your Civic tokens.
To buy Civic (CVC) tokens, follow these steps:
Choose a Cryptocurrency Exchange:
- KuCoin: Create a free account, secure and verify it, add a payment method, and buy CVC using a credit/debit card, bank transfer, or third-party channels.
- Coinbase: Search for Civic on the website or mobile app, and follow the prompts to complete the purchase.
- Binance: Register, verify your account, choose a payment method (credit/debit card, bank deposit, or third-party channels), and buy CVC.
- Kriptomat: Sign up, verify your account, add funds using a bank deposit or credit card, and buy CVC.
- Other Exchanges: Compare and choose from top exchanges like Uphold, Kraken, and WazirX, which offer CVC trading with various payment options.
Verify Your Account:
- Complete the verification process by providing the required identification and personal information.
Add Funds:
- Deposit funds using your chosen payment method, such as a credit/debit card, bank transfer, or third-party channels.
Buy Civic (CVC):
- Navigate to the CVC purchase page, select the amount you want to buy, and confirm the transaction.
Store Your CVC:
- You can store your CVC tokens in your exchange account or transfer them to a non-custodial wallet for added security.
Remember to always follow the specific instructions and guidelines provided by the exchange you choose.
