@aboutcircles

Circles is a trust-based community currency protocol on Gnosis Chain where individuals mint personal tokens (CRC) at 1 per hour, creating a decentralized monetary system.

Launched mainnet in October 2020 and recently upgraded to V2, it enables communities to form local economies with their own currencies while preventing value extraction through trust networks.

The project has ~25k followers, substantive technical documentation, working SDK, and real-world pilots (tenants' unions, co-working spaces), positioning it as an early-stage infrastructure play in alternative economic systems.

Green flags: Working mainnet since 2020 with V2 upgrade, functional SDK and Gnosis Chain integration · Small follower base (~25k) with <2 year old X account, genuinely early-stage discovery window · Substantive economic model with whitepaper, manifesto, and real use cases (Berlin tenants, Lisbon co-working) · Technical differentiation: trust-based UBI token issuance (1 CRC/hour per person) with group currencies · Part of Gnosis ecosystem with GnosisPay integration for real-world spending

Red flags: Complex trust-network model may limit mainstream adoption compared to simpler DeFi protocols · Relatively low engagement on tweets (avg 14) despite 4+ years of mainnet operation · Niche positioning in community currencies may constrain total addressable market