Circles is a decentralized money protocol built on Gnosis Chain. It introduces a new way of creating and exchanging value, where every person can issue their own currency directly without relying on banks or central authorities.
Circles is designed around trust networks. Instead of a single global currency controlled by institutions, each user continuously creates their own personal currency called CRC, which can be exchanged through trusted social connections.
♾️ How Circles works?
Circles uses a decentralized system where every verified participant can continuously create CRC at a fixed rate of 1 CRC per hour.
The protocol is based on several core principles:
Universal access that allows anyone to join
Distributed money creation through personal CRC issuance
Peer-based trust connections between users
Group currencies that enable shared community economies
Demurrage, a mechanism that gradually reduces balances over time to encourage active circulation.
🤝 Build trustful connections
Circles is built around trust relationships between people. When you trust another participant, you agree to accept their Circles (CRC) as payment. These trust connections create a broader network that allows value to move between people, even if they do not know each other directly. As your network grows, your ability to send and receive value across the ecosystem expands as well.
Circles also supports Groups, which allow communities to create shared currencies and coordinate around common goals.
Groups can be used to:
Support local commerce
Create community economies
Coordinate collective funding
Expand acceptance of CRC within communities
Joining a Group gives you access to additional shared currencies that can be used alongside personal CRC.
💻 Integration with Gnosis App
Your Gnosis App account acts as your personal identity and wallet within the Circles network. You're part of the Circles economy by onboarding on Gnosis App.
You can :
Send and receive CRC
Get rewarded in CRC by spending with the Gnosis Card
Participate in community economies
Join group currencies
Exchange value through trust networks
Explore applications built on the Circles protocol
Circles is designed to support both local communities and broader digital economies through decentralized coordination.