How much is the circulation of Civic(CVC) currency?

The circulating supply of Civic (CVC) is a dynamic value influenced by factors such as token distribution, locking periods, and market demand, which necessitates monitoring for accurate estimates.

Dec 12, 2024 at 10:49 am

How Much is the Circulation of Civic (CVC) Currency?

Civic (CVC) is a blockchain-based identity verification and management platform that empowers users to control their personal data and securely interact with various services. Its native token, CVC, is utilized to facilitate transactions and incentivize participation within the Civic ecosystem.

Calculating the Circulating Supply of CVC

The circulating supply of CVC refers to the number of tokens that are currently in circulation and accessible to the public. It is calculated by subtracting the number of tokens held in reserve or locked up for specific purposes from the total token supply.

Understanding Token Allocation and Distribution

To determine the circulating supply of CVC, it is essential to understand its token allocation and distribution mechanisms. Upon its inception, Civic allocated a total supply of 1 billion CVC tokens, which were distributed as follows:

• Public Sale: 60% (600 million tokens)
• Team and Advisors: 15% (150 million tokens)
• Foundation: 10% (100 million tokens)
• Liquidity Pool: 10% (100 million tokens)
• Staking Rewards: 5% (50 million tokens)

Tracing Token Movement and Excluding Locked Funds

To calculate the circulating supply accurately, it is crucial to track the movement of CVC tokens and exclude those that are locked up or held in reserve. This includes tokens held by the development team, advisors, or in staking contracts.

By excluding these locked funds from the calculation, we arrive at the actual number of CVC tokens that are currently available in the market and accessible for trading or use within the Civic ecosystem.

Real-Time Monitoring and Verification

It is important to note that the circulating supply of CVC is dynamic and can change over time due to various factors, such as token burns, new issuance, or changes in the number of locked tokens. Therefore, it is advisable to consult up-to-date sources to obtain the most precise and current information on the circulating supply of CVC.

Additional Considerations

• Tokenomics: The tokenomics of CVC play a vital role in determining its circulating supply. The token's use cases, burn mechanisms, and supply schedule influence the number of tokens in circulation over time.
• Market Demand: Market demand for CVC affects its circulating supply. If demand increases, more tokens may enter circulation, while a decrease in demand could lead to reduced circulation.
• External Factors: Global economic conditions, regulatory changes, and industry trends can impact the circulating supply of CVC both directly and indirectly.