A Guide to Circles, the Project Bringing UBI and FOMO to Ethereum’s xDai Sidechain

Free money always makes the crypto world go mad, even if people don’t know what the new cryptocurrency will be worth or what it’s good for. Founded by Martin Köppelmann of Gnosis and run by a very small, Berlin-based team, Circles promises to give users 240 of its CRC cryptocurrency each month, but it puts up one hurdle to get started: The user needs to find three people who are already inside and convince them to form a “trust” line from their Circles wallet to that of Circles’ aspirants.

Circles is a true social network for value. Somewhat like the Lightning Network, value moves through Circles via trust lines.

Timeline of Gnosis-gno, Xdai