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.

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.

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.

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.

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.