Civic (CVC) is a free market for identity verification where the validators and the users will be incentivized by the requestor.
Civic’s validation process takes into account 3 different but interdependent individuals/entities:
- Users: Anyone who wishes to take part in Civic
- Validators: Verify identities' authenticity on the blockchain’s distributed ledger and sell it for CVC to service providers
- Service providers: Buy validators verified identities for the purpose of providing to the selected customers
All transaction requests made by the requestors are subject to CVC fees. The green dots in the picture below signify all processes that are rewarded by CVC tokens.
Source: Civic Whitepaper
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