Circles took 7 years to complete. Since it was released on October 17, it has been gaining popularity. As of today, it is still the most active blockchain community project I have ever seen.
I believe that many concerned friends have registered and activated successfully, but many of us are not concerned about the project itself, but the benefits it brings. So how did it explode, and how did it attract people from all over the world? Today I will reveal to you the secret of its success.
The core logic of Circles is UBI (Universal Basic Income Plan), explained in a popular way, that is, the government sends money to residents, and each resident gets the same amount, and there is no need for any qualifications or conditions to get this money.
It is a new token system based on a social trust graph of personalized cryptocurrencies and tokens.
The purpose of Circles is to distribute tokens over time, a mechanism that will lead to more equalization of wealth. When new users join, the contract creates a new personal cryptocurrency for them on-chain. This currency is then periodically minted and added to their accounts - forming the basis of Circle's UBI properties.
Users can trust other users' personal tokens, which requires them to treat such personal tokens the same as any other Circles tokens they hold. As the social graph becomes more interconnected, these individual tokens will converge into a global token system.
This is also the reason why people in the domestic community often post links to allow others to authenticate and authorize. After new users gain the trust of 3 friends, they can get 50 Circles UBI token rewards, and the more trusted, the more The more token rewards you receive.
Does it sound like it can be empty, but also hope that it can be realized, and even feel that this concept subverts the existing blockchain model, but it is not the case. This concept has already existed, but it has not been formed because it is too idealized .
In February 2018, a Dapp called UBI was announced. A total of 500 million ENU, except for 100 million reserved for the development team, the remaining 400 million were distributed by airdrop, and 400 million tokens were snapped up in a few days.
After being listed on the exchange, ENU quickly rose from worthless to 90 cents, and many people who fluffed their wool also made a lot of money. ENU is also dubbed "the first airdrop coin in the currency circle". Until August 2019, ENU founder Aiden Pearce announced that "Enumivo is dead", and the project followed suit.
Such as Thomas Paine, Martin Luther King Jr, Stephen Hawking, Guy Standing, Milton Friedman ) and David Graeber (David Graeber) and other celebrities have explored this concept, which is also regarded as utopian. It is believed that it can release the creative potential of all people. The pinnacle of humanist ideals.
Why can Circles reappear after more than a year and become popular all over the world? The first thing we need to know is that its greatest attribute lies in social networking, which can spread quickly in the circle and drive some outsiders to participate, and the smartest thing about it is that it is not in a hurry to issue coins, but uses its own For the social attributes carried, each person needs to be trusted by 3 people, and can only be officially activated after receiving the faucet.
Its basic principles are:
Anyone can create an account and start creating their own personal Circles. Each account (person) mints different Circles.
Currently 8 Circles can be minted per day. Increased by 7% per year.
People can trust each other, which means they can voluntarily exchange each other's Circles 1:1.
It is unknown whether Circles will issue coins in the future, but for now, the telegram group and WeChat group are full of news. Circles is the only one that can make people around the world endure this feeling of lag after the project has been in existence for nearly half a month. At present, many exchanges have listed Circles as a watch list.
ChinaDeFi also published a proposal on building UBI.city on October 28, and stated that it will gradually release and launch UBI.city, and made the following iterative planning:
1. UBI.city will first become a tool protocol for organizational development and governance. Community organizations can release their own tokens for workload incentives, governance, or dividends through simple parameter configuration or secondary research and development, and communicate with individuals Tokens form an exchange relationship.
2. UBI.city will use the leverage of the token economic mechanism to accelerate progress. The acceleration will be carried out from two aspects. On the one hand, the R&D of UBI.city itself will be accelerated, and on the other hand, it will use the fluctuating opportunities to attract more people focus on.
3. UBI.city is approaching utopia through the improvement of the efficiency of internal and inter-organizational governance. This will be a mid-to-long-term proposition, and it needs to rely on proposals and governance for continuous optimization.
Welcome to pay attention to the public account [Xiao Zhang talks about blockchain], which will continue to bring you content updates in the blockchain field.
Welcome to pay attention to the public account [Xiao Zhang talks about blockchain], which will continue to bring you content updates in the blockchain field.
