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 reimagine currency.
Universal access & continuous issuance : Anyone can join the Circles network without gatekeepers. Once a user is onboard, their account creates tokens (gCRC) continuously at a fixed rate of 1 gCRC per hour.
Built-in fairness with demurrage : all gCRC 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.
What can I do with my CRC & gCRC?
gCRC is essentially money : you can do most things you'd expect with any currency.
Spend & Shop : Use them in our marketplace for discounted offers and physical products like branded merchandise.
Convert to Money (As a backer or card holder) : Swap gCRC into Euros, GNO or USDC on your card for spending.
Send to Others : Send gCRC to anyone in your trusted network