Circulo Launch

Much earlier today, in the wee hours of the morning in the UK, Unyt released its first product in our series of biweekly launches. The Unyt staff haven't published much about it because it's being sourced and supported by an outside team that's excited to make Unyt available as a tool for local currencies.

Introducing Circulo

David Atkinson and Buddy [LastName?] have been drumming up interest and targeted having 100 users signed up to use it on day one. Last I knew a couple days ago they were in the 90s, so I'm sure they reached their their target.

Here's one of the creative teaser videos that Buddy has shared on Circulo's X feed

Starting Simple

Circulo is basically an example of the simplest P2P currency you can build on Unyt's software.

• It has one single currency (an instance of the Unyt software supports up to 65,000 units)
• It only has the one required Smart Agreement -- credit limit computation -- which is initially set as an immutable rule. (Later versions of Circulo will showcase different rules.)
• It has no fees, gas, or any types of costs.
• Each user starts with a credit limit of 10 and their credit limit grows by 10 for every transaction they spend.

Circulo is about as simple as you get for running a mutual credit currency. We've hidden away the tools for writing, cloning, forking, viewing the code in Smart Agreements. The tools for instantiating new Agreements from code templates are hidden away. The interfaces to interact with Smart Agreements are hidden.

It simply enables P2P transactions between anyone who installs and runs the software. No miners. No stakers. No middlemen.

Come Join the Fun

The description above of the features hidden away obviously expose a bit about what's coming in future products and releases. The Smart Agreements make the Unyt software quite configurable for a lot of use cases which you'll be seeing soon.

But for now, jump in and play with a somewhat familiar vibe of a payment space (like Paypal or Venmo or CashApp), except this one is truly only peer to peer with no centralized web site, no servers, just a web interface pointed at your own local instance of the running software.

Download Circulo here, and follow the instructions to get started.