what's Circles?
Circles is a decentralized protocol built on Gnosis Chain that enables users to create and issue their own personal tokens, forming a trust-based digital currency network. Each user receives a universal basic income (UBI) in the form of their native token, CRC, which accrues over time at a fixed rate. These tokens can be propagated through social trust graphs, allowing circulation within communities while maintaining privacy through zero-knowledge proofs. The system integrates with tools like Safe wallets and CoW Swap for secure management and trading. The protocol aims to reinvent money by decentralizing issuance away from central authorities, fostering local and global economic interactions. Circles 2.0 expands this with features like cross-chain compatibility and community-driven economies, emphasizing fair distribution and accessibility without requiring identity verification beyond basic participation.
Circles integrated with Fileverse, enabling decentralized storage payments.
Links
x.com/aboutcirclesIntegrated with Fileverse to enable purchasing decentralized storage using Circles as payment.
Partnered with idOS Network for identity verification and network point rewards integration.
Launched in 2020.
Team announces upcoming EFDevcon plans and reveals winners from privacy tool hackathon competition.
Integrates with Gnosis Pay for card top-up and Gnosis app for direct ordering and payment for physical goods using Circles tokens.
New promotional offer launches allowing users to swap CRC tokens for GNO tokens with a bonus incentive.
New promotional offer enables CRC holders to swap for GNO tokens with bonus rewards.
Community member launches trust-based incentive campaign distributing $100 each to up to 100 users who created Circles accounts in the last 7 days, contingent on recipients using the funds to become backers in the reserve asset system.
New mini app launches on Farcaster platform to help users find Circles account holders within their network.
IPO raising $896M at $7.2B valuation
Active Sybil attacks target users with fraudulent CRC token swaps through impersonation accounts.
New reserve asset backing system launches with BTC, ETH, and sDAI support, requiring minimum $100 backing per Circle.
New deployment launches on metri_xyz platform in partnership with GnosisDAO
Whitepaper for Version 2.0 has been released ahead of the May 21st implementation.
Version 2.0 launches in one week (May 21st) and will include a new money creation feature.
Price discovery begins in 17 days with 240M tokens eligible for pricing mechanism.
Version 2.0 launches May 21st; existing users must retrieve seedphrases for migration.