Home / Bitcoin / Take 2: News Startup Civil announces the sale of tokens restarted for February

Take 2: News Startup Civil announces the sale of tokens restarted for February

More journalism, less techno-boosterism.

This is the central message of a new post on the blog of the co-founder of Civil Matthewes, on the path of the company. Civil aims to use blockchain and an ethereum token to give new life to the online information industry, even if that goal has come to a halt after a failed token sale in October.

As Iles wrote:

"Civil has never talked about ICO and token or blockchain.We are talking about community ownership, transparency and trust.We believe that journalism (and the media in general) should compete on the trade, but collaborate on the infrastructure".

While Civil promises to report first, it has not eliminated the tokens from its model.

In the new announcement, Iles confirms that the CVL token will go on sale in February directly on the company's website. Unlike the first go-round, Civil will not impose a maturity or any type of caps. Tokens will simply be on sale until all 34 million have gone.

As previously reported, Civil will use a new token model called "token consumer", developed by the Brooklyn Project, which, like Civil, is an interlocutor of the firm ethereum ConsenSys. That model was not enough to make Civil's first civil currency offer (ICO) work, and Civil ended up repaying contributions to those who supported him.

According to Civil, CVL tokens can be used to take part in governance, launch an editorial board and potentially allow readers to support editors.

In November, CoinDesk was the first to report journalists in editors affiliated to civilians who complained that failed token sales had an impact on their negotiated compensation, which included partial payments in CVL tokens.

New approach

"This is driven by a lot of user research after selling the token and ensuring that we have heard and responded transparently to important feedback, wherever possible," co-founder and spokesperson Matthew Coolidge told CoinDesk in an email on Wednesday.

With the launch of the new token sale, Civil will also make its debut in the civil register and in the civil publisher products. The first allows CVL holders to participate in the governance of the network of news organizations. (To this end, the company also today announced a new draft of the Civil Constitution.) The civilian publishing tool will allow journalists to index documentation for their stories or even to archive content.

On Monday, the magazine Civil and the cultural publication Popula announced that it had filed an article on IPFS and ethereum, a first for the Civil network and perhaps a first for any news organization.

Currently, Civil has 18 editorial offices and has redesigned its website to help make the results of these affiliates more easily accessible.

Coolidge said that there are 12 new editors that have signed, with a well-known brand that will announce soon.

Next to the crowdfunding encryption, some of the editorial staff went to Kickstarter for the fiat crowdfunding. The Colorado Sun and Block Club Chicago have successfully completed campaigns at the start of this year and Popula has just launched its Kickstarter campaign this week.

For the same Civil, however, this remains an encrypted fundraising approach. The company assures its supporters that the token purchase process will be easier this time, but will also include a know-your-customer control and an encrypted knowledge quiz of buyers. Those are not yet going away.

For its part, Civil, the company has focused on creating small and medium redaction in its network. As Coolidge told CoinDesk:

"Our initial focus is on independent journalists who want to tap into this broader community, and have a more deliberate reason to access their peers and get cheaper rates on services like AP content licensing or hiring. custom WordPress developers. "

When asked to clarify, Coolidge added that Civil is working to create a network of sellers with discounts for civilian members.

"The" model of ownership and management of the community "of Civil could easily be called a" journalism co-operative, "he said." So all the major decisions that require community consent must be ratified. "

Correction: An earlier version of this story listed on February 20 as the date of the new token sale. No specific date in February has been established by Civil. The story has been updated.

Revelation: This reporter has supported the Popula Kickstarter with a small commitment.

Image of newspaper printing via Shutterstock

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