# Circles

> Money, Reimagined

Circles is a decentralized protocol enabling anyone to create personal currencies at 1 CRC per hour, building fair money through social trust networks.

Circles enables users to build economic networks through personal currencies backed by social trust. Users can create CRC at 1 per hour, establish trust connections to validate transactions, and join groups to issue shared currencies. The protocol uses blockchain to make currency creation transparent and accessible without central intermediaries.

- Type: Project
- Sector: Finance
- Status: Active
- Founded: 2024-02-01
- Profile: https://thegrid.id/profiles/aboutcircles

## Products

- [Metri](https://thegrid.id/profiles/aboutcircles): Metri Wallet implements a self-custodial interface for managing Circles tokens, facilitating trust connections and currency exchanges. The wallet integrates with Gnosis Pay for spending CRC with merchants, utilizing the Visa network for real-world purchases. The system executes token transfers directly between users via trust paths, displaying balances and transaction history through a progressive web application. Metri supports passkey-based authentication without seed phrases and includes functionality for sending, receiving, and swapping tokens using CoW Swap integration. (Wallet, Live)
- [Circles Protocol](https://thegrid.id/profiles/aboutcircles): Circles Protocol creates decentralized personal currencies through ERC-1155 smart contracts on Gnosis Chain, enabling trust-based value exchange and group currencies with built-in demurrage mechanisms. (Payment network, Live, Main Product)
- [Circles SDK](https://thegrid.id/profiles/aboutcircles): Circles SDK offers development tools for building applications on the Circles protocol, including avatar management, trust connections, and token operations through JavaScript interfaces. (Developer Tooling, Live)

## Assets

- [Circles (CRC)](https://thegrid.id/profiles/aboutcircles): CRC is a personal currency token within the Circles protocol on Gnosis Chain, where each user mints one CRC per hour. It is used to transact with people you trust directly or indirectly through trust connections, making individual tokens implicitly fungible across the network. The protocol applies a 7% yearly demurrage that prevents early adopters from dominating the supply, while trust relationships allow users to swap CRC 1:1 along their social graph so personal currencies converge into commonly spendable money. (Utility)

## Links

- [Main](https://aboutcircles.com)
- [Documentation](https://docs.aboutcircles.com)
- [Whitepaper](https://whitepaper.aboutcircles.com)
- [Whitepaper](https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fs76GmMOXUUWWi7YK8Ugp%2Fuploads%2FeugvhtIIqA6IUW0aJKsw%2FCircles_Whitepaper_v220.pdf?alt=media&token=0ab0f75c-2121-4b47-a2e1-a2bd0eabd53f)
- [Forum](https://forum.aboutcircles.com)
- [Terms of Service](https://aboutcircles.com/terms)
- [Privacy policy](https://aboutcircles.com/privacy-policy)
- [Media Kit/branding](https://github.com/aboutcircles/media-kit/archive/refs/heads/main.zip)
- [Twitter / X](https://x.com/aboutcircles)
- [Discord](http://discord.gg/aboutcircles)
- [GitHub](https://github.com/aboutcircles)

## Relationships

- [Gnosis](https://thegrid.id/profiles/Gnosis): Parent organization

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP