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

How does inflation work in the Circles system?

Understanding Circles - What’s Going on Here?

Inflation is everywhere and always a process of redistribution. In the current money system, which is based on debt, the creditor classes accumulate the debts of those who owe them money: the debtor classes. As prices for different goods increase, wages remain the same. Therefore, inflation currently benefits those who have the power to issue debt (like the banks).

Circles is a unique type of basic income because it’s not necessarily for saving. Instead, it creates money from the perspective of the people, and not from the perspective of the banks (or other governing bodies). This means Circles creates money (Circles tokens – CRC) for its community.

 

Circles’ money supply is inflationary, with a fixed 7% yearly increase in the supply of CRC. In the first year of the system, you receive 8 CRC every 24h. After a year, you will receive 8 CRC x 7% or 8.56 CRC every 24h.

 

If you join Circles early on, the relative difference between your CRC balance and those who join later will decrease relative to each other over time, while the absolute numbers remain the same. Therefore, the inflationary aspects of CRC are there to ensure that, over time, there is a convergence between those who have less and those who have more CRC.

 

In other words, at Circles, no one is left behind.

 

The goal of this is to increase the velocity of spending, so that you and your network are motivated to spend and redeem CRC for things of value, instead of sitting on them. This supports a flowing, vital economic system instead of a stagnant one. That’s why it’s called Circles. It’s built for circulating. Just like a healthy body needs healthy blood circulation.

December 17, 2021
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 11:18:492022-01-22 12:12:02How does inflation work in the Circles system?

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

Basic Income Circles Ubi Universal Basic Income

LATEST BLOGPOSTS

  • UBIDAO: A ROADMAP June 27, 2022
  • About a test post June 27, 2022
  • Circles in 2021 February 17, 2022

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 contact us

NEWSLETTER

Sign up and receive news about Circles directly to your email

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 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 contact us
  • English
Privacy Policy Terms
  • English
Terms Privacy Policy
  • English
Privacy Policy Terms

Scroll to top