Circles is fundamentally reimagining how money works by allowing every user to mint their own personal currency at the rate of 1 CRC per hour (that's 24 CRC daily). Think of it as a form of Universal Basic Income (UBI) on the blockchain, where you're not just a user of money, but an actual creator.
Join Circles now to start creating your own money (1 CRC/hour), build your trust network, and participate in a growing alternative financial system—all while the project is still in its early adoption phase.
Circles runs on the Gnosis Chain using ERC1155 smart contracts, creating a decentralized financial ecosystem where trust connections determine the flow and value of money. Unlike traditional cryptocurrencies, Circles is built around human relationships and community trust.
Key Features That Make Circles Unique:
Personal Currency Creation: Every user mints 1 CRC per hour (24 CRC daily) automatically
Trust-Based Economy: Connect with people you know by trusting them, expanding your financial network
Transitive Trust: Pay anyone in your extended network through trust connections
Community Groups: Join or create groups with shared currencies and benefits
Real-World Utility: Use CRC to purchase everyday items within the network
The project has shown impressive development with over 40 GitHub repositories and is currently running on contracts v2. With more than 1,000 trust connections already established, Circles is rapidly weaving a global web of value exchange.
The team behind Circles has created an open-source, AGPL-licensed platform that's truly community-driven. Their focus on both global reach and local impact makes this project particularly interesting for those looking to participate in the future of decentralized finance.
How to Join Circles: Step-by-Step Guide
1. Sign Up on Metri
Navigate to https://app.metri.xyz
Click on "Sign Up" to create your account
2. Create Your Circles Profile
Complete your profile with a username and profile picture
Set up your wallet (you'll need a small amount of xDai for gas fees)
3. Get an Invite
Important: You need an invite from an existing user to join Circles
Share your profile on Twitter/X and ask for an invite
Join the Circles Discord to connect with existing users
4. Accept Your Invite and Start Creating Money
Once invited, you'll receive a notification
Accept the invite to activate your personal currency
Your account will automatically start generating 1 CRC per hour
5. Build Your Trust Network
Connect with people you know by establishing trust connections
The more connections you have, the more valuable your CRC becomes
Remember: Trust = Currency in the Circles ecosystem
6. Join or Create Groups
Explore existing community groups
Consider creating a group for your local community or interest area
Groups enable shared currencies and expanded benefits
Connect & Learn More
Official Website: https://app.metri.xyz
Discord: Circles Discord
Twitter/X: @aboutcircles
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FAQs
What makes Circles different from other cryptocurrencies?
Circles is unique because it distributes the power of money creation to every user. Unlike Bitcoin or Ethereum, where mining or staking determines who creates new coins, Circles gives everyone the ability to mint their own personal currency at a fixed rate.
How does the trust network actually work?
When you trust someone in Circles, you're essentially accepting their personal currency as valid. This creates a web of trust where transactions can flow through connections. For example, if Alice trusts Bob, and Bob trusts Chad, Alice can indirectly pay Chad through this trust path.
Can I convert CRC to other cryptocurrencies?
Yes, the Metri app supports swaps between CRC and other currencies like USDC and xDai. Some users act as "Backers" who provide liquidity by backing CRC with stablecoins.
Is there a limit to how much CRC I can create?
No, there's no cap on the total amount of CRC you can create. The system is designed to provide 1 CRC per hour indefinitely, functioning as a form of Universal Basic Income.
How can I use my CRC in the real world?
As the network grows, more merchants and community members are accepting CRC for goods and services. Many users start by trading with friends in their trust network, and then expand to local community groups that accept CRC.
What happens if someone I trust behaves badly?
You can revoke trust connections at any time. The system is designed to be self-regulating through the trust network, allowing communities to collectively determine which currencies they accept.
