The Crypto Times
Image default
Blockchain Industry News

Blockchain-based Journalism Network Civil Launches

Civil, the Blockchain-based journalism network, has officially opened its doors to the public on March 6. Anyone in the world may now sign up on this platform whose goal is to build a new model that will foster trust and provide stability in journalism.

CVL Cryptocurrency

Users will now be able to buy Civil membership which includes CVL tokens – the network’s native cryptocurrency. The CVL – which amount will be limited to 100 million –  represents a member’s voting power in the ecosystem. Anyone who has it will have a say in how the platform evolves and grows.

The Civil Media Company will initially price Civil tokens at $0.20 per CVL on March 6, the official blog post on March 1 says. Its price will gradually increase with each token sold until the last token rise at $0.94 through a transparent and fixed slope.

Ethical Journalism Grants

100 percent of the platform’s proceeds will be donated to the Civil Foundation, a non-profit organization that aims to provide grants to support ethical journalism worldwide.

As soon as you receive your CVL tokens, you can gain access to Civil’s new two tools. First is the Civil Registry which is considered as the platform’s interaction hub. This is where the public can find and support Civil newsrooms. The latter gives the for Civil Newsrooms to permanently archive their content. About 100 newsrooms are reported to have signed to join Civil by the end of March.

Civil said that this launch is not just a mere token sale and the entire experience will happen on the network. Late last year, the company suffered from an unfortunate initial launch where they only raised almost $1.5 million, far behind their $8 million minimum target.

Related posts

Canada’s Securities Adviser and Crypto Company CoinLaunch Reaches Settlement

Viena Abdon

US Fed Reserve Board Announces Plans to Roll-Out Payments and Settlements Service

Viena Abdon

Bank of New York Mellon Tapped as Administrator for Bitwise’s Planned ETF

Viena Abdon

Making Blockchain Safe and Secure, a Balancing Act That Never Ends

Sierra Sanders

US Securities Commission Gives Crypto Gaming Company Green Light on Quarters Tokens

Viena Abdon

4Chan Hoax Highlights Ethereum’s Need for Vitalik Buterin