Chapter 7: A New Frontier for Journalism?

Civil officially announces its token sale and the rules governing the platform.

The time has come. Civil, the blockchain startup for journalism, made its big announcement: members of the public can now register to buy its digital currency, the CVL token. But Manoush and Jen are surprised by the strict parameters Civil has set for the sale. What do these restrictions mean for their finances? Will people go through Civil’s rigorous process to buy tokens? Maybe...but only if they’re absolutely convinced that the ethics of the platform are worth supporting. Enter Vivian Schiller, ex-CEO of NPR, now head of Civil’s Council, enforcer of its Constitution, and the most public face of the platform.

GO DEEPER:
Civil wants people to read this FAQ section and answer a questionnaire before registering to buy CVL tokens. The Wall Street Journal got the scoop. Token Foundry weeds out sellers and buyers who just want to make a fast buck. How to launch a newsroom on Civil. Vivian Schiller just introduced the first Civil Council members. CVL’s token design is based on a framework developed by the Brooklyn Project, an initiative to promote responsible token exchanges. Time to know the difference between cold and hot wallets.

Credits:
David Herman, Audio Engineer and Composer 
Matt Boynton and Dan Dzula, Audio Engineers
Jordan Lauf, Intern
Illustrations, Alice Rutherford