Circles UBI is a blockchain-based Universal Basic Income created to promote local economy within communities. Martin Köppelmann, creator of Circles, chats to us about why he believes the world needs this, and how the project works.
Circles UBI is a blockchain-based Universal Basic Income created to promote local economy within communities. It was recently launched on Ethereum’s POA network.
The idea is to create a parallel economy by forming trust lines within Circles. Anyone who joins Circles receives a basic income regularly, without conditions. And the more connected your community is, the more valuable your Circles become. Also it is fully decentralized. What makes Circles special is that it doesn't market itself to anyone specific in crypto. It positions itself as an ecosystem and protocol that can help anyone create and promote a local economy within their local community. In the current economic crisis, this is a hugely powerful tool for societies to utilise.
Martin Köppelmann, CEO of Gnosis, joins us for his third appearance on the show. He is also the creator of Circles and chats to us about why he believes the world needs this, and how the project works.
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This episode is hosted by Brian Fabian Crain & Sunny Aggarwal. Show notes and listening options: epicenter.tv/365