gCRC, or Gnosis Circles, is the shared community version of Circles currency inside a Community. It is designed to make Circles easier to use, understand, and exchange within communities.
🌟 gCRC new features include:
A redesigned minting flow
Clear separation between personal CRC and gCRC
A gCRC breakdown page
A new send screen for selecting which gCRC to transfer
Community-focused pages and search
Visibility into total support contributed to communities
🧠 A simple mental model
Type | Purpose |
Personal Circles (CRC) | The currency an individual mints personally |
Group Circles (gCRC) | A shared community currency |
Personal CRC stays connected to the individual, while gCRC represents participation in a broader community economy.
❓ Why does gCRC exist?
gCRC helps transform Circles from an individual minting system into a community-based currency experience.
It creates:
Shared community currencies
Stronger community identity
Easier community participation
More understandable economic interactions
❓ How does personal CRC become gCRC?
The system is designed to encourage long-term participation and trusted community activity. A portion of newly minted personal CRC can be converted into gCRC.
This creates a distinction between:
Individual currency (CRC)
Community-linked currency (gCRC)
❓ Why was a new system needed?
The previous model treated all minting equally, which made it easier for spam accounts and low-quality participation to enter the system. The new model introduces participation-based limits designed to support healthier community growth and give them incentives.
💱 Why is gCRC strategically important?
It makes Circles more understandable
Community currencies are easier to explain than abstract crypto systems.
It strengthens community identity
Communities gain a shared economic layer tied to participation and belonging.
It supports healthier ecosystems
The updated minting model is designed to discourage low-quality participation and short-term extraction.
It lays the foundation for sovereign community currencies
Communities will eventually be able to build their own independent economic systems.