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The Blockchain media startup will be launched in February, despite the fact that the sale of CVL tokens has failed at the start of this year, according to the blog post published on December 19th.
Civil is a blockchain-based platform for journalism that focuses on creating a new multimedia ecosystem with its native CVL token, which will presumably help participants achieve financial sustainability and improve confidence in journalism.
In today's post, the company announced it will be launched at the beginning of February, despite the fact that the sale of CVL tokens that target a minimum of $ 8 million has not been successful at the start of this year. # 39; year. According to TechCrunch, Civil collected only $ 1,435,491 in CVL token from 1,012 investors, while another 1738 buyers registered for sale, but never completed the transaction.
Civil intends to start selling CVL tokens again, but this time without time limits or soft and soft caps. Tokens will be sold on a recurring basis until the company sells all 34 million tokens for public allocation.
In addition to the sale of tokens, Civil will introduce two instruments: the Civil Registry and the Civil Publisher. The first is an app that allows any editorial staff to apply to be a civil editorial staff with the autonomous community. This last one allows civilian editors to index verifiable data related to their publications to the blockchain.
The company also states that 18 newsrooms have joined the organization, with over 50 additional editors to join by February. By 2020, civil society plans to add 1,000 small and medium-sized newsrooms around the world.
In August, Civil started a content management partnership with Associated Press (AP), in which AP distributed its content, including national and international news to Civil, so that news agencies can access it on the platform.
In early December, the US telecommunications giant AT & T applied for a patent for a blockchain-based social media "map". The AT & T patent application describes a blockchain-based system that may include a transaction history controller to store subscriber data, which can be used for various purposes. The file outlines some special cases, such as creating and sharing information, ideas and career interests through communities and virtual networks.
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