Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Block beats BlockBeats (ID: BlockBeats)
Block beats BlockBeats (ID: BlockBeats)
, reprinted by Odaily with authorization.
Update: Many users report that there is a problem with the network and they cannot pass the verification. The issue has not yet been officially resolved.
hub: 0x29b9a7fBb8995b2423a71cC17cf9810798F6C543；
proxy factory:0x8b4404DE0CaECE4b966a9959f134f0eFDa636156；
safe: 0x2CB0ebc503dE87CFD8f0eCEED8197bF7850184ae。
Rhythm BlockBeats news, on October 18, Martin Köppelmann, the founder of Gnosis, an Ethereum-based prediction platform, announced the official launch of CirclesUBI. He revealed that the project will be discussed and adjusted for 7 years until it is officially launched. He calls this CirclesUBI "universal basic income on the blockchain" or "a better currency." CirclesUBI is exploring a novel mechanism to generate a P2P trust currency network with a known inflation rate.
To put it simply, users need to invite 3 people to grant credit, and then they can create their own Circles. In this "circle", users can mint a personal Circles token, and what is interesting is that the tokens between different users can "trust" each other, and their tokens will be interoperable. And behind this interoperability is the overlap of social networks and attempts to shape a new global currency system.
Circles are not scarce, there is no total minting amount of tokens. Everyone in the "Circle" system issues their own personal or common currency, 8 Circles can be minted per day, and the annual inflation is 7%. Everyone in the "circle" system issues their own personal or common currency. If a user trusts someone, it means that the user is willing to accept that their promise is true. Therefore, Circles encourages the community to use and communicate with the Circles token.https://circles.garden/welcomeMartin Köppelmann said that Circles is implemented based on the xdai network, and the contract-related address is:
It sounds like the project is interesting, and it is somewhat similar to Uniswap's free currency issuance model. CirclesUBI narrows the economy down to 3 people and can launch their own Circle. In this article, Rhythm BlockBeats will briefly explain how to participate in CirclesUBI and launch its own "circle".
register account
1. Open the CirclesUBI official website to register (Sign Up):
, the official will briefly introduce what CirclesUBI is.
2. Follow the prompts and give yourself a username that will allow your friends to search for you on the Circles app. Click "Continue" and you will be asked to enter your email address, just enter it normally.http://xdai-faucet.top/
3. Then the page will provide seed words, remember to save them. Write down the phrases in the mnemonic at his request.
4. Next upload an avatar and your account will be created. You can share your username with your friends, and they can find you by your avatar and username. It should be noted that the account will be activated and you can earn income only after the trust of 3 friends is required.
activate your account
Since CirclesUBI is implemented based on the xDAI network, it needs 0.01xDAI in the account. If not, netizens also recommend that you can go to the faucet address to claim 0.01 Dai. (Rhythm note: There are too many people receiving it at present, and it is suspected that the distribution of faucets has been suspended. You can try it later.) Dai faucet website:Humanity DAO。
Note: The address to claim xDAI here is generated by CirclesUBI for you, not your own wallet address. CirclesUBI has a wallet function, and the address generated for you can be found in the "share profile link": at the last step of registration, click "share profile link" and a link will appear, and the last letters and numbers of the link are your address. When receiving or recharging, be sure to fill in the correct address, otherwise you will not be able to proceed to the next step.
2. After confirming that the account has xDAI, return to the Circles page. After refreshing, you will find that the authentication is complete (Rhythm Note: That is to say, the authentication process requires two conditions: 3 verified trustees + 0.01xDAI). After the authentication is complete, click "create account".
