Circles leverages blockchain technology and smart contracts to ensure the security and integrity of its protocol. The trust-based model and decentralized nature of the system contribute to its resilience against fraudulent activities.

Circles: Project Guide | Latest Updates, Presale & Airdrop

Q: What is the Purpose of Circles?

The primary goal of Circles is to create a more inclusive and sustainable economic system through the equitable issuance of money to all participants. It aims to introduce community currencies that reduce economic inequality by ensuring a baseline level of economic participation for all.

Q: How Can I Participate in Circles's Ecosystem?

To participate in Circles, individuals can join the network by creating an account, minting their personal currency, and establishing trust connections with others. Engaging with local groups and communities within the Circles ecosystem further enhances participation and integration.

Q: What Sets Circles Apart from Competitors?

Circles differentiates itself by decentralizing money creation to individuals, implementing a demurrage system to encourage currency circulation, and fostering trust-based networks that reflect real-life social connections. This approach promotes fairness, inclusivity, and community empowerment.

Q: What are the Risks Associated with Circles?

Potential risks include the reliance on trust connections, which may limit transaction capabilities if trust networks are not well-established. Additionally, the demurrage system requires active participation to maintain currency value, and the lack of centralized exchanges may affect liquidity.

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Circles

Circles

Circles is a money system based on individualized/mutual cryptocurrencies and a social graph of trust between these currencies. Its purpose is to distribute and maintain a globally accessible Universal Basic Income in a peer-to-peer manner. When new users join Circles, a new personal cryptocurrency is created for them on a smart contract-enabled blockchain. This currency is then regularly minted and added to their account, forming the basis of Circles' UBI properties. Users can trust the personal currencies of other users, which requires them to treat this personal currency as the same as any other Circles currencies they hold. As the social graph becomes more interconnected, these personal currencies converge into one single global monetary system.

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What is Circles?

Circles is a decentralized protocol designed to create and distribute fair and social money through personal currencies. It leverages blockchain technology to implement a system of interconnected, individual economic units that collectively form a larger, more equitable economic network.

How Does Circles Work?

Upon joining Circles, users create a unique personal currency that is minted at a steady rate of one Circle (CRC) per hour. Users establish trust connections with others, allowing their currencies to be accepted within the network. This trust-based system enables transactions even between individuals who do not directly trust each other, facilitated by paths of mutual trust.

What Makes Circles Unique?

Circles introduces a novel approach to money creation by decentralizing issuance to individuals, ensuring equal opportunity for all participants. The protocol incorporates a demurrage system, applying a 7% annual fee to balances to encourage currency circulation and prevent hoarding. Additionally, Circles supports group currencies, allowing communities to share a collective currency backed by members' personal tokens, enhancing fungibility and integration with existing economic structures.

Who Are the Founders of Circles?

Circles was conceptualized and developed by Martin Köppelmann, co-founder of Gnosis. Köppelmann has been instrumental in advancing decentralized technologies and has a strong background in blockchain development and economic systems.

Latest news

What Key Events Have There Been for Circles?

In May 2025, Gnosis launched Circles 2.0, introducing features such as group currencies and enhanced trust networks to promote fair wealth distribution and community-driven economies.

Project Announcements

Circles 2.0 integrates with Gnosis Chain, Safe, and CoW Swap, focusing on basic income and community currencies. The new version aims to transform the social experiment into a consumer-facing product, leveraging matured technologies within the Gnosis ecosystem.

Upcoming events

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Project announcements

Where to Buy Circles?

As of now, Circles (CRC) is not listed on major cryptocurrency exchanges. The protocol operates through personal and group currencies within its network, and there is no centralized market for trading CRC tokens.

Circles Price

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Circles Price Prediction

Currently, there are no available forecasts from reliable experts or publications regarding the price of Circles (CRC).

FAQ

What is the Purpose of Circles?

How Can I Participate in Circles's Ecosystem?

What Sets Circles Apart from Competitors?

Is Circles Secure?

What are the Risks Associated with Circles?

Disclaimer & risk notice: Some content on this page may be AI-assisted or generated and is for general reference only. For the most accurate and up-to-date information, please refer to the project's official website. Bitget Wallet values every partnership. If you find any issues or inaccuracies, contact us at support@bitgetwallet.io — we appreciate your feedback and will continue to improve.