Circles UBI
  • Community
    • Our community
    • Individuals
    • Business
  • Our wallet
  • Blog
  • Donate
  • a
  • English
    • Deutsch
    • Turkish
    • Français
  • Menu Menu

How do you mean each user has their own, personal tokens?

Understanding Circles - What’s Going on Here?

By issuing your own, personal basic income, your tokens will be different from other people’s tokens. It’s the very heart of our concept: the system will know and will always know the routes and the original sources of the tokens, even after many exchanges. This helps you to only use your Circles tokens (CRC) through your trust connections and through the transitive trust connections. This will protect the system against fake accounts. This very complex tracking and booking process is only possible on the blockchain - that’s why we use this technology.
This also means that your CRC tokens might have higher or lower usability-value compared to another person’s tokens, who has fewer trust connections, or they’ve trusted more fake accounts, which harms the value of your tokens too. That’s why there’s no simple answer to the question “What’s the exchange rate of EUR and CRC?”. If you receive CRC without meaningful, quality trust connections, or you’ve trusted fake accounts, then your CRC tokens won’t have any value. But if you are part of a living community, where real economical values are available, and you didn’t trust fake accounts, your CRC tokens will be pretty valuable.

December 17, 2021
Share this entry
  • Share on Twitter
https://joincircles.net/wp-content/uploads/2022/05/Circles-logo.png 0 0 Szamo https://joincircles.net/wp-content/uploads/2022/05/Circles-logo.png Szamo2021-12-17 11:29:102022-01-22 12:18:45How do you mean each user has their own, personal tokens?

Search

CIRCLES UBI

Circles UBI is an alternative currency that works something like a basic income. We launched in Oct 2020. Read our whitepaper: https://handbook.joincircles.net/docs/developers/whitepaper Or find out more at: https://joincircles.net

TAGS

Berlin Circles Community Design UBI

LATEST BLOGPOSTS

  • Dsrrptv + Dscntrlzd ≠ Dscnnctd: A Review on Disruptive Technologies and Data Protection September 10, 2023
  • Credit Where Credit is Due June 8, 2023
  • CIRCLES + COMMUNITY = CIRCLESCOOP June 6, 2023
  • Lessons Learned from Circles Berlin Pilot's Subsidy Program May 9, 2023
  • A pioneering online community platform: Circles Marketplace January 29, 2023

Slide community Our Community Individuals Business get on-boarded Handbook Circles for Business FAQ Tax Assessments Design Guidelines our wallet The meaning of trust
for Circle
How to get it! Make your wallet! Helpful links White Paper Marketplace FAQs contact us

NEWSLETTER

Sign up and receive news about Circles directly to your email

community Our Community Individuals Business get on-boarded Handbook Circles for Business FAQ Tax Assessments Design Guidelines

NEWSLETTER

Sign up and receive news about Circles directly to your email

our wallet The meaning of trust
for Circle
How to get it! Wallet helpful links White Paper Marketplace FAQs contact us
community Our Community Individuals
Business
Our wallet The meaning of trust for Circles How to get it! Make your wallet! Get on-boarded Handbook
Circles for Business FAQ
Tax Assessments Design Guidelines
helpful links White Paper Marketplace FAQs contact us

NEWSLETTER

Sign up and receive news about Circles directly to your email

  • English
Privacy Policy Terms
  • English
Privacy Policy Terms
  • English
Terms Privacy Policy

Scroll to top
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok