Civic (CVC) Tausch

Validators (responsible for verification of identity in the blockchain) can sell this information to service providers who, in turn, need to verify their client’s identity. This data is exchanged for CVC — Civic’s native token.

When service providers perform a transaction, CVC is placed in a validation contract. Once the validator provides proof of the identity data, both parties receive CVCs.

This system is flexible since the validators can choose which information to verify.