Circles is built on four powerful principles that make money creation fair, efficient, and resilient. By moving money creation from centralized institutions to individuals—and by harnessing real-life trust : Circles reimagines currency.
Universal access & continuous issuance : Anyone can join the Circles network without gatekeepers. Once a user is onboard, their account creates tokens (CRC) continuously at a fixed rate of 1 CRC per hour.
Built-in fairness with demurrage : all CRC balances are reduced by 7% per year.
Peer-based trust : Each user’s CRC is a unique currency. When you trust someone in Gnosis App, it allows exchange.
Group-based trust : Group members can convert their personal CRC for group tokens, which provides the benefit of having a fully fungible currency.