When you buy CVL tokens, you’re signaling that you wish to be part of a cooperatively owned and operated network, and participate in its governance. Tokens open up certain activities on the Civil platform including voting on Newsroom applications, challenging a Newsroom, or backing another token holder’s Newsroom challenge.
Owning CVL means owning a piece of the Civil network; they will act as voting stakes for the platform’s governance (e.g., deciding whether or not a given Newsroom meets the ethical journalism standards laid out in the Civil Constitution). There will only ever be a fixed supply of CVL tokens created. Owners of CVL will be economically incentivized to ensure existing and future Civil Newsrooms maintain high quality standards as the network, and its reach, grows.