/
Circles UBI is a decentralized project on the Ethereum blockchain aimed at distributing a universal basic income (UBI) through its digital currency. It promotes a novel economic model based on mutual trust, allowing users to issue and exchange their own currency to stimulate community engagement and economic activity. Leveraging DeFi principles and smart contracts, Circles ensures an automated, transparent, and equitable wealth distribution process. Unlike traditional financial systems, Circles operates without central authority, relying on a peer-to-peer network to maintain stability and encourage local trade networks. With an inbuilt inflation target of 5% to prevent hoarding, Circles fosters circulation and economic interaction among its users, envisioning a global UBI system that is accessible and controlled independently by its community. This approach not only aims to address socio-economic challenges like income inequality but also showcases blockchain's potential in creating inclusive financial solutions.
Circles UBI is a decentralized project on the Ethereum blockchain aimed at distributing a universal basic income (UBI) through its digital currency. It promotes a novel economic model based on mutual trust, allowing users to issue and exchange their own currency to stimulate community engagement and economic activity. Leveraging DeFi principles and smart contracts, Circles ensures an automated, transparent, and equitable wealth distribution process. Unlike traditional financial systems, Circles operates without central authority, relying on a peer-to-peer network to maintain stability and encourage local trade networks. With an inbuilt inflation target of 5% to prevent hoarding, Circles fosters circulation and economic interaction among its users, envisioning a global UBI system that is accessible and controlled independently by its community. This approach not only aims to address socio-economic challenges like income inequality but also showcases blockchain's potential in creating inclusive financial solutions.
Circles UBI is a decentralized project designed to implement Universal Basic Income (UBI) on the blockchain. Built on Ethereum, it aims to provide a fair and equitable wealth distribution through its digital currency. The platform leverages decentralized finance (DeFi) and smart contracts, allowing users to issue personal currency and receive regular allowances, fostering community engagement and economic activity.
Circles UBI operates on the Ethereum blockchain, using smart contracts to automate and manage the distribution of its digital currency. Users receive an allowance of their personal currency, which they can exchange within the Circles economy. This system is based on mutual trust among users, promoting local trade networks and economic collaboration, independent of central authorities.
The benefits of Circles UBI include providing a decentralized and equitable basic income, fostering economic activity and community development, and operating independently from central authorities. It encourages mutual trust and collaboration, increases the velocity of money through a 5% annual inflation target, and maintains stability through peer-to-peer relationships and local trade networks.
Circles UBI differs from traditional financial systems by offering a decentralized, unconditional income, as opposed to earning through labor, borrowing, or selling goods. It eliminates central control over currency issuance and relies on a trust-based social network, promoting cooperation and community engagement. Traditional systems focus on centralized control and debt-based currency, while Circles encourages sustainable economic interaction.
Circles UBI is relevant in today's financial industry as it leverages blockchain technology to tackle socio-economic issues like income inequality. By applying decentralized finance principles, it offers a novel solution for inclusive financial systems, extending blockchain's applications beyond traditional finance. It highlights blockchain's potential for creating an equitable economic environment through community collaboration and decentralized structure.
To address common issues in Circles UBI, users should first ensure they're familiar with the basics of blockchain technology and Ethereum. Engaging with community forums and official resources can help troubleshoot specific problems. Additionally, users should maintain clear communication within their trusted network, as the system's success heavily relies on mutual trust and collaboration for stable economic exchanges.
CircleSwap is a DeFi platform on Ethereum offering an AMM for decentralized ERC-20 token trading. Features liquidity provisioning, dynamic pricing, and enhances market security and user experience.
Money is a commons. UBI Research is a think tank exploring Universal Basic Income across economics, law, and technology.
RareCircles empowers brands to create Web3 economies with tools for NFTs, digital assets, and community engagement in custom branded marketplaces.
impactMarket is a decentralized protocol leveraging DeFi and blockchain to offer UBI for global poverty alleviation, empowering communities with their own currencies.
CoinCircle simplifies crypto trading & earning interest, offering tools for passive income, competitive rates, user-friendly platform for all investors, emphasizing compounding interest & secure transactions.
Circle Research is an info hub for web3 and blockchain, offering in-depth insights, analytics, and updates to guide users in the crypto landscape, focusing on digital assets trends, tech advancements, and regulatory news.
Circularity Finance merges decentralized finance with sustainable development, utilizing CIFI and REFI tokens to enable business micro-services and Smart Assets deployment.
Universal Binance Union
Credit Circulation, Asset Circulation & Value Circulation.
Banque Universal is a structured financial platform powered by CBU, focusing on asset-linked digital currencies and fostering global trust in crypto.
Magic Circle is a decentralized CryptoArt and NFT marketplace, leveraging web3 to offer a community-centric platform for creators and collectors to trade, verify, and engage with digital art through blockchain technology.
Building a Sustainable Blockchain Ecosystem.
