Circles

Active

launched in Oktober 2020 (250.000+ members in april 2021)

Circles creates a Unique Personal Cryptocurrency for every account that joins the blockchain.

The money in every individual's account is uniquely identifiable and gains in value if the account connects to other accounts and joins groups. This incentivizes every user to limit themselves to one account.

“Circles” will be a currency created from basic incomes only. New money will be constantly distributed to every account participating in the system.

https://joincircles.net/

Blockchain

Ethereum, xDAI

Social identity

- "Web of trust"
- Open for external validators
- Native UBI money system based on personal cryptocurrencies and a social graph of trust

Social mining

- Unique Personal Currency (EdCoin, RonitCoin) created on join

- Continuous minting of new coins awarded to associated person

- Shared set of rules for all personal currencies (e.g. fixed rate)

Token economics

- Annual inflation schedule to encourage economic activity
- Complementary currency

Governance

- Convergence to one single global monetary system

- Bootstrapped in a completely organic and grassroots fashion, but extensible for arbitrary governance on top of base protocol

Key people

Martin Köppelmann, Blanka Vay, Julio Linares, Samuel Andert, Daniel Janz

Locations

Berlin, Munich

OpenUBI aware

No

Links

Whitepaper

https://medium.com/@ConsenSys/basic-income-on-the-blockchain-fair-money-4566288…

Notes

- Berlin Pilot Project (active with 20 onboarded businesses)
-"Berlin Basic Income Cafe" initiative (currently not active)