Civic is a free market for identity verification where the validators and the user 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: Verifying identities authenticity on the blockchain’s distributed ledger and selling it for CVC to service providers
- Service providers: Buying validators verified identities for the purpose of providing to the selected customer
All transaction request made by the requestor are subject to CVC fees. The green dots in the picture signify all processes that are rewarded by CVC token.
Source: Civic Whitepaper