CVC is an Ethereum-based token used by service providers that are looking to acquire information about a user. These can make a payment in CVC. The smart contract system employed will then see funds delivered to both the validator and the identity owner (user).
Team:
Civic held its ICO on June 21, 2017. The ICO token supply represents 33% of the total token supply, so there was a total of 330,000,000 tokens available at the offering (although already 220,000,000 were sold during the pre-sale) The ICO funding cap was $33,000,000 USD and ended on June 22, 2017 raising a total of $33,000,000 USD.
Token Reserve Split (67%):
Civic ICO campaign had no bonuses, discounts, or escrow. Since CVC is an Ethereum token, it is also not be mineable.