๐ต What are Circles of Trust?
Circles of Trust is a new decentralized trust system that makes P2P.me safer and more community-driven.
Simple Explanationโ
Circles of Trust is a decentralized system where trust is established through merchant staking. Merchants stake tokens as collateral, and Circle Admins manage groups of merchants they know and trust.
Before, P2P.me managed all sellers directly. Now, this work is distributed to the community โ people who know local sellers well and can provide better support.
What changes for you?โ
โ More Securityโ
- Each Circle has an insurance pool in case something goes wrong (coming soon)
- Merchants stake tokens as collateral that can reimburse you
- Everything is recorded on the blockchain โ transparent and verifiable
โ Closer Supportโ
- Each Circle can have its own Telegram/Discord group
- Problems are solved by people who understand your region and language
- Faster and more personalized support
โ More Optionsโ
- Multiple Circles available for each currency
- Competition between Circles improves service for you
The ability to manually choose which Circle to buy from and reputation-based sorting are not yet available in the UI.
How to Choose a Good Circle?โ
When making a transaction, you'll see information about the Circle:
| What to Look At | Why It Matters |
|---|---|
| โญ Score | Higher = more trustworthy |
| ๐ Volume | More transactions = more experience |
| โฑ๏ธ Average Time | How fast they complete orders |
| ๐ก๏ธ Stake | How much is deposited as protection |
Tip: The system automatically selects the best Circle for your transaction based on multiple factors.
What If Something Goes Wrong?โ
Situation 1: Seller didn't send the moneyโ
- Open a dispute in the app
- The Circle Admin will review it
- If you're right, you get your money back from the insurance pool
Situation 2: I received less than I shouldโ
- Document with screenshots/receipts
- Open a dispute explaining the problem
- The admin decides and you receive the difference
Situation 3: I don't agree with the admin's decisionโ
- You can contest the decision
- The P2P.me team will review
- If the admin was wrong, they get penalized
Summaryโ
| Before | Now with Circles |
|---|---|
| P2P.me managed everything | Community manages |
| Centralized support | Local support |
| One support queue | Each Circle serves its group |
| Less transparency | Everything on the blockchain |
You continue using P2P.me normally. The difference is that now there are more people ensuring your experience is better and safer.
Learn Moreโ
- For Merchants โ How Circles work for sellers
- For Circle Admins โ Managing a Circle