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 partnered with idOS Network for identity verification and network point rewards integration.