Crazy Internet Coin (CIC) is the native coin for CIC Chain, a hybrid layer 1 blockchain that aims to offer a fast, cheap, scalable, and upgradable platform. It's positioned as a governance and utility coin for the CIC Chain, which has been dubbed as an intelligent smart contract platform due to the vast versatility that the platform offers. The majority of the CIC supply is currently locked in cold storage, but in Q4 of 2022, CIC Chain launched its governance DAO (Decentralized Autonomous Organization), aiming to decentralize the governance of the chain at the address level. Users can stake their CIC and earn rewards while voting on the management of the project, allowing the community to get involved in the project's growth​.

CIC acts as a governance token, enabling holders to vote on decisions regarding the project. This includes making changes to the system and directing the future development of the project. Users can stake their CIC tokens and earn rewards, incentivizing them to participate in the governance process. In essence, CIC is used to facilitate decentralized decision-making and reward active participants in the ecosystem.

Crazy Internet Coin (CIC) was created by CIC Lab LTD, founded by solidity developer Jared Robinson and his team of developers in March 2021.