Tokens for Civic, the secure identity platform start-up that raised $33 million in its’ June initial coin offering (ICO), are soaring +60% over their initial ICO token price in their first full day of trading. CVC tokens are currently trading at $0.16 but peaked at $0.20/token in their debut with a volume of nearly 2,500 bitcoins.
— Vinny Lingham (@VinnyLingham) July 16, 2017
Civic tokens are now available on ShapeShift.
The Civic team has certainly had a busy month. Earlier this week, founder Vinny Lingham announced that Civic would be allocating millions of tokens to strategic partners in a bid to increase widespread customer adoption. The Palo Alto based startup boasted an impressive list of partners including StockTwits, BitGo, ShapeShift, Xapo, wikiHow, TokenMarket, Turo, propy, SweepSouth and more. In a press release issued by the company, CEO and Founder Vinny Lingham stated “Encouraging wide distribution is something that we have really focused on because we are trying to build a network effect. These partner sites, including WikiHow (a top 100 global web property), have over 250 million monthly active users across their various properties and have committed to implementing Civic by the end of 2017.”
About: Civic Token
Civic is building an ecosystem designed to facilitate on-demand, secure and low-cost access to identity verification services via the blockchain.
In addition to Civic’s token crowdsale, Civic has raised equity financing from investors including: Blockchain Capital, Digital Currency Group, Social Leverage, Future Perfect Ventures, Sound Ventures, Propel Venture Partners & Pantera Capital.
The author may hold tokens of the crypto asset(s) mentioned in this article. TokenInfo is not providing financial investment advice.