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๐Ÿ”ต What are Circles of Trust?

New Feature

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€‹

โœ… 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

โœ… 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

โœ… More Optionsโ€‹

  • Multiple Circles available for each currency
  • Competition between Circles improves service for you
Coming Soon

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 AtWhy It Matters
โญ ScoreHigher = more trustworthy
๐Ÿ“Š VolumeMore transactions = more experience
โฑ๏ธ Average TimeHow fast they complete orders
๐Ÿ›ก๏ธ StakeHow 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€‹

  1. Open a dispute in the app
  2. The Circle Admin will review it
  3. If you're right, you get your money back from the insurance pool

Situation 2: I received less than I shouldโ€‹

  1. Document with screenshots/receipts
  2. Open a dispute explaining the problem
  3. The admin decides and you receive the difference

Situation 3: I don't agree with the admin's decisionโ€‹

  1. You can contest the decision
  2. The P2P.me team will review
  3. If the admin was wrong, they get penalized

Summaryโ€‹

BeforeNow with Circles
P2P.me managed everythingCommunity manages
Centralized supportLocal support
One support queueEach Circle serves its group
Less transparencyEverything 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€‹