-
Bitcoin
$84,240.9863
0.07% -
Ethereum
$1,928.5384
-0.01% -
Tether USDt
$1.0000
0.00% -
XRP
$2.3913
-1.06% -
BNB
$607.9687
2.36% -
Solana
$135.2029
0.91% -
USDC
$1.0002
0.04% -
Dogecoin
$0.1760
1.28% -
Cardano
$0.7408
-0.22% -
TRON
$0.2200
-0.62% -
Pi
$1.5076
3.25% -
Chainlink
$14.0874
1.68% -
UNUS SED LEO
$9.8210
0.09% -
Toncoin
$3.4765
18.51% -
Stellar
$0.2741
-0.52% -
Hedera
$0.1923
-0.06% -
Avalanche
$19.4370
3.91% -
Shiba Inu
$0.0...01299
1.39% -
Sui
$2.3335
-1.48% -
Litecoin
$92.4074
0.52% -
Polkadot
$4.3198
0.90% -
Bitcoin Cash
$338.5411
1.49% -
MANTRA
$6.6280
4.51% -
Ethena USDe
$0.9998
0.00% -
Bitget Token
$4.4752
1.32% -
Dai
$1.0000
0.00% -
Hyperliquid
$13.6393
-7.17% -
Monero
$211.2785
0.46% -
Uniswap
$6.2748
2.39% -
Aptos
$5.3443
0.11%
When was Civic (CVC) coin issued?
Civic (CVC) coin's issuance in 2017 marked a crucial step in the development of the Civic platform, providing funding for its technology and fueling its mission to revolutionize identity verification and management.
Nov 26, 2024 at 03:19 am

Civic (CVC) Coin Issuance: A Comprehensive History
Introduction:
Civic (CVC) coin, an ERC-20 utility token native to the Civic platform, made its debut in the cryptocurrency landscape in 2017. Its issuance marked a significant milestone in the development of Civic and its mission to revolutionize identity verification and management processes.
Civic Coin Issuance Timeline:
Pre-Sale (May 2017):
- Civic conducted a pre-sale of 20% of the total CVC supply, raising 30,000 ETH (approximately $25 million at that time).
- The pre-sale was limited to a select group of investors and aimed to garner seed funding for Civic's further development.
Main Token Sale (June 2017):
- The main token sale followed the pre-sale, with 80% of the remaining CVC supply being offered to the public.
- Civic raised an impressive 120,000 ETH (approximately $100 million) during the main token sale.
- The proceeds from both the pre-sale and main sale were used to finance Civic's technology development, marketing efforts, and team expansion.
Post-Sale Token Distribution (July 2017):
- CVC tokens were distributed to participants of both the pre-sale and main sale in July 2017.
- This marked the official issuance of Civic coin and its introduction to the cryptocurrency market.
Civic's Token Utility:
Upon its issuance, CVC coin served as a vital component within the Civic ecosystem, enabling the implementation of critical identity management functionalities:
- Identity Verification: CVC tokens are used to incentivize users to verify their identities through the Civic platform.
- Trust Network Growth: Token holders are encouraged to build their trust networks by verifying others, earning rewards for each successful connection.
- Governance Participation: CVC holders can participate in Civic's decentralized governance model by voting on proposals and electing community representatives.
Evolution of CVC Coin:
Since its initial issuance, Civic coin has undergone several notable developments:
- Mainnet Launch (2018): The launch of Civic's mainnet marked a major milestone, transitioning the platform from a testnet environment to a fully operational network.
- Token Model Enhancements: Civic introduced a new token model in 2021, splitting CVC tokens into two categories: KYC-verified (KCVC) and anonymous (ACVC).
- Multi-Chain Integration: Civic has expanded its reach by integrating CVC with several blockchain networks, including Polygon and Binance Smart Chain.
Conclusion:
The issuance of Civic (CVC) coin in 2017 was a pivotal event in the development of the Civic platform and the broader blockchain identity management space. Through thoughtful pre- and main token sales, Civic secured the funding necessary to drive its growth and realize its vision of empowering individuals with secure and seamless identity ownership. The coin's utility and role in the Civic ecosystem have evolved over time, cementing its value within the platform's governance, identity verification, and trust network expansion mechanisms.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- The cryptocurrency market has been on a rollercoaster ride this past week
- 2025-03-16 14:45:55
- US creates 'Strategic Bitcoin Reserve' in latest proof of President Trump's support for the cryptocurrency sector
- 2025-03-16 14:45:55
- TRON Emerges as the Highest Revenue-Generating Blockchain, Outperforming Ethereum and Bitcoin
- 2025-03-16 14:45:55
- Qubetics (QUBE) is one of the Best Cryptos to Watch in 2025
- 2025-03-16 14:45:55
- Despite Ongoing Legal Battles, Ripple's XRP Token Continues to Garner Increasing Attention
- 2025-03-16 14:45:55
- 1933 George V penny could be worth a hefty sum
- 2025-03-16 14:45:55
Related knowledge

Which cryptocurrency websites are good for beginners?
Mar 14,2025 at 04:48pm
CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025
Mar 14,2025 at 04:23pm
Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?
Mar 15,2025 at 04:20pm
Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?
Mar 15,2025 at 11:10am
Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...

Which cryptocurrency websites are good for beginners?
Mar 14,2025 at 04:48pm
CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025
Mar 14,2025 at 04:23pm
Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?
Mar 15,2025 at 04:20pm
Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?
Mar 15,2025 at 11:10am
Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...
See all articles
