Circles
A Basic Income on the Blockchain
Read the Whitepaper

What is Circles?

Circles is an electronic cryptocurrency with the aim to create and distribute a globally accessible Universal Basic Income.

Credit-Based

In traditional debt-based currencies one sells goods, borrows money, or invests working power to receive money. With Circles, one receives money unconditionally to engage with their community, creating value through offering goods or services.

Decentralized

A worldwide basic income is something so powerful that no single entity should have control over the money or its recipients. Using blockchain technology, Circles will be independent of any central issuing authority or institution.

Resilient

Circles will run on the blockchain, a secure, decentralised, and autonomously managed database. Since the system's money emerges from a network of peer-to-peer relationships, it is possible to maintain stability on a local level, regardless of how things go at the national or global scale.

Fostering Cooperation

Circles promotes cooperation and economic interaction by creating local trade networks. The more connected community members are to each other, the more valuable their network becomes.

Hoarding Resistant

Circles has an inbuilt inflation target of 5% per annum to discourage hoarding. This also increases the velocity of money in circulation, creating more opportunities for exchange and economic activity.

Seigniorage

Seigniorage refers to the profit made from the difference between the production costs and the value of money. As Circles is a credit-based currency that costs almost nothing to create, you will retain almost all of this value as first spender.

How can I participate?


Chat with Us

Circles is an open source community, and we are always looking for passionate contributors. If you are interested in participating or want to follow our progress, please join our chat room.

Join our Chat

Support Circles

We are always seeking sponsors to offer a city, space, or resources for testing an implmentation of our basic income prototype. Interested in supporting the project?

Contact Us

Stay in the Know

We are building something incredible. Want to stay involved? Send us your email to keep in the know. We will always respect your privacy and will never share you information with outside parties.

Partners

Organizations participating in the development and implementation of Circles.
Want to participate? Contact us.

Contact Us

For any inquiries, e-mail [email protected] or come join our chat