Civil tokens (CVL) enable the "community-owned and operated" Civil model to work. A token is a piece of software, it’s not a physical coin. But it does have value and represents a piece of ownership in the network.
CVL is a consumer token based on the ERC20 protocol. It’s a value stored in a decentralized database that’s managed by Civil’s smart contracts, which allows the Civil platform to interact with the Civil token. CVL is the software that bridges Civil with the Ethereum blockchain.
Buying Civil tokens signals that you wish to participate in and contribute to Civil’s community. Civil tokens unlock specific activities on the Civil platform, including sponsoring or launching a newsroom, challenging and voting for/against Newsrooms for ethics violations or appealing the outcome of a community vote to the Civil Council.
There will only ever be a fixed supply of Civil tokens created. Owners of Civil tokens will be economically incentivized to ensure existing and future Civil Newsrooms maintain high quality standards as the network, and its reach, grows. Please click here for additional token pricing information.