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About Civitas Protocol
Civitas Protocol is a community-driven project governed by CVT, an ERC20 token, that when transacted applies a 2% absorption to each transaction. The 2% absorption per-transaction mechanism aims at providing a reduction to the amount of CVT tokens in the circulating supply over time, thus increasing the price of each token in the liquidity pool. The minimum deflation, based on use-cases outlined below and the ‘maximum re-introduction rule’, will result in a minimum of 1% deflation as at least 50% of absorbed tokens will remain in a ‘burned state’ (Never re-introduced into circulating supply or permanently burned through the contract).
The official Civitas Protocol ticker is “CVT” and trades under that name on all the exchanges where it has been listed. The designation “CIVIT” is for CryptoCompare.com only.
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