A blockchain-based identity management system. Civic (CVC) altcoin The price rose with the unusual increase in trading volume on the South Korean exchange Upbit today.
Civic (CVC) Altcoin Transaction Volume Drops Heavy on Binance, South Korean Exchange Takes a Jump on Upbit
Volume on Upbit jumped 1254.65% from an average of 2 million CVC per hour to 21 million CVC in the last hour.
In contrast, the second largest CVC cryptocurrency The volume in Binance, which is the main market of Turkey, decreased by 92.10% from an average of 240 thousand CVC per hour to 19 thousand CVC in the last hour.
The reason behind the spike in demand for CVC at Upbit is unclear at this point.
Civic is a project that aims to provide individuals and businesses with the tools they need to control and protect their personal identity information on the blockchain. It uses the open source ecosystem of identity.com to access secure authentication on demand.
Civic launched its native token CVC as an ERC-20 token on Ethereum’s blockchain in June 2017. CVC is used to incentivize participants in the authentication network and to access identities-related services.
*Not investment advice.
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