Civic - ICO overview
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 their vision of creating a truly decentralized identity ecosystem they now intend to launch a utility token known as the Civic Token (CVC)
On March 11, the much awaited Winklevoss twins Bitcoin ETF decision will finally be announced by the SEC. South African serial Internet entrepreneur Vinny Lingham posted on Twitter that within 48-hours of the ETF announcement, on the downside, the Bitcoin price will be $850. However, he holds Bitcoin price will be $1,750 maximum (probably $1,500) on the upside.
With just a day for the SEC to make an announcement on the Bitcoin ETF, the community is divided between whether it will pass or not. Experts and analysts including Lingham perceive the chances of either decision as 50/50. On Wednesday Cointelegraph reported that so far 72 percent of the public are in favor of the ETF.
Vinny Lingham, a South African Bitcoin entrepreneur and VC investor, says that the current rise of altcoins is a bubble and it will burst. He has, consequently, urged the community to make no mistake since he is cocksure.
Vinny Lingham, an outspoken Bitcoin entrepreneur, has described Bitcoin as a speculation tool rather than an investment asset at this point in time. This comes in the wake of the current impasse in the Bitcoin community which is unhealthy for the landscape.
At the peak of the recent Bitcoin price rally, Vinny Lingham, the Bitcoin price prediction pundit, told Cointelegraph it was not healthy and would not end well.
Admittedly, it did not end as many wished, but it was unlike some of the scary bursts this ecosystem has witnessed in 2013 and 2015.
Total token supply: 1 billion (1,000,000,000) CVC, of which:
- 33% sold in the tokensale
- 33% retained by Civic
- 33% allocated for distribution to incentivize participation in the ecosystem
- 1% to cover tokensale costs
Maximum cap on crowdsale: $33 million
Purchase methods accepted: BTC and ETH
Token type: Ethereum ERC20
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