Coin of the Day: Civic (CVC/BTC)
Civic (CVC/BTC)
- Highest volume since early August after listing on Poloniex
- Breakout above channel
- Strong fundamentals (explained below)
- Will look to retest previous ATH
What is Civic?
Civic is an identity solutions platform that allows you to scan barcodes with the Civic app to verify your credentials to login to websites and applications. (You can currently login to WikiHow and others). Civic also has identity theft protection that can be purchased through Civic.com
Each Civic equals 10,000 identity verification checks, with one ID check costing 0.0001 CVC. Partners and institutions will have to purchase CVC from the company to receive ID checks. The cost of CVC will be determined by the free market.
Current Civic Partners
Civic is currently ranked #42 on CoinMarketCap and has the potential to be a top 20 coin (which at the time of writing requires more than double its current market cap ie. a price increase of 100%+)
Recently bought a decent amount of CIVIC, I think the technology is great. Thanks for sharing.
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I believe Civic will make a strong growth in the coming months/years.
In the light of the recent Equifax hack in the US, where 143 million people's credit card data and all personal details including credit history have been stolen, centralized companies clearly cannot safeguard/protect customers private data. In the US there are 3 major companies that guards people's identities for credit checks. The previous 2 has been already hacked, data stolen, now Equifax is the third out of 3! And they were selling ID theft protection tools too, which makes their credibility close to zero. CIVIC as decentalized tool based on blockchain, can sort this situation out for good.
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Great!
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Marketcap went above USD$204,000,000 https://steemit.com/blockchain/@josepimpo/civic-on-poloniex-usdcvc-50-in-the-last-hour
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Amazing.....
Thanks for sharing... Love it.