Great news for Civic: It has recently reached its goal of selling $33 Million in digital currency tokens.
What is Civic?
It's a secure identity platform built on top of the Block-Chain that doesn't store your data in a Data Base. In fact, ID verification can be very boring, monotonous, expensive and time-consuming. That's why Civic offers an encrypted ID service that makes authentification easy secure and quick.
And because your data are stored and encrypted securely on the Block-Chain, it is impossible for hackers to have any access to them.
Where it can be used?
It can be used to connect to almost any website. Its technology eliminates usernames and passwords and it helps you get rid of captchas, authenticators, other unnecessary layers of security, password managers...
Industries using the KYC process will benefit from it as the KYC process becomes stunningly simple.
Using Civic you can protect your e-wallets, your accounts on the exchanges,...
Governments can issue official electronic documents such as passports. There will be also an e-signature feature.
The banking sector will obviously protect their clients from Identity theft using this new highly secure technology.
Also, Medical institutions struggle to store securely all kinds of medical data and Civic might be the solution.
E-commerce websites need no more to store your credit card data and that is safer for you and it makes it easier for all online businesses as well.
You see? There are multiple uses for this technology and in my humble opinion, this company has a bright future.
Bakers and partnerships?
There aren't really amazing names there, nevertheless, on their website, they claim to partner with Bnktothefuture, Xapo, Etoro, Jaxx, Shapeshift... which is really cool!
Technical analysis
This daily chart shows us there is a great opportunity as the volume is decreasing while the price is increasing.
CVC is currently at $0.35 (0.00009903 BTC) that's a good price to buy.
You can buy at around 0.00009900 BTC (S.L. 0.00008800 and T.P. 0.00014500 with a profit to loss ratio of 4.55) or you can hold it for the long-term because the price will increase as the adoption by masses climbs.
By the way, you can download their app here.
Key Numbers
- A reasonable total supply of 1,000,000,000 CVC
- Current supply 340,000,000 CVC
- Market Cap $121,779,164
- 24H volume $1,466,390
Everything seems good.
Everything seems good.
Now, if you find Civic exciting invest in it, and as always, I am not a licensed financial adviser. I am just sharing my opinion.
Always do your own research and be responsible for your choices.
Wish You Good Luck