-based journalism network Civil has announced its launch in an official on March 1.
Civil is a platform for independent journalism that aims to develop an alternative model to support journalism. The project’s ecosystem has its native CVL — the amount of which will be limited to 100 million — that purports to provide financial sustainability and improve trust in journalism.
Starting March 6, users will purportedly be able to purchase Civil membership, including CVL which will represent members’ voting power within the Civil ecosystem. “Thirty-four million Civil will be priced by The Civil Media Company at $0.20 per CVL on March 6. Every sold will trigger a slight price increase until the last goes for $0.94 via a transparent, fixed and linear slope,” the post reads.
The company will reportedly direct 100 percent of the net proceeds to independent non-profit organization Civil Foundation, that supports ethical journalism on a global scale. Apart from that, members will get an equivalent number of CVL to their financial contribution to the Civil Foundation.
Within the launch, Civil will introduce two tools — the Civil Registry and the Civil Publisher. The first is an app that enables any newsroom to apply to be a Civil newsroom with the self-governing community. The latter allows Civil newsrooms to index verifiable data about their publications to the . Nearly 100 newsrooms are reportedly signed on to join the platform.
Civil notes in the post that the recent development is not another “ ,” likely referring to their ill-fated initial launch, when the CVL targeting an $8 million minimum last year. Civil reportedly only $1,435,491 in CVL from 1,012 investors, while an additional 1,738 buyers registered for the , but never completed the transaction.
Last August, Civil into a content licensing partnership with the Associated Press (AP), in which the AP would deliver its content, including national and international to Civil, so that agencies can access it on the platform.
Published at Wed, 06 Mar 2019 21:17:02 +0000
