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Coordinape Docs
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  • ⚪Welcome to Coordinape
  • 🔮Social Oracle™️ GIVE
  • How To: Coordinape Gift Circles
    • 🥳Get Started
      • 🤓New Coordinape Admins
        • Setting up your Organization
        • Managing Organization Membership
        • Creating A Circle
        • Uploading an Organization Logo
        • Upload Circle Logo
        • Add Team Members
        • Schedule an Epoch
        • Contributions and Epoch Statements
        • Allocate GIVE
        • Review Distributions
        • Your First Payment
        • 📐Admin Best Practices
      • ✨New Coordinape Members
        • Set Up Your Profile
        • Record Contributions & Opt-in/out
        • Select Your Collaborators(Optional)
        • Allocate GIVE
        • Get Paid
    • 🏠Organizations
    • ⚪Circles
      • Creating a Circle
      • Team Members
    • 📅Epochs
      • Create An Epoch
      • Contributions and Epoch Statements
    • 👐GIVE in Gift Circles
      • Allocating GIVE
      • Reviewing Distributions
    • 💲Compensation
      • 💲Paying Your Team
        • Disperse
        • Gnosis Safe
        • Parcel
    • 🎩Admin
      • Update Circle Settings
      • Update Epoch Settings
      • Update Members
      • Enable Vouching
    • 🧑🤝🧑 Members
      • Member Profile
      • Vouching New Members
  • Info
    • Documentation
      • ⭕Vision
      • Gift Circle
      • Who To Gift
      • Vouching System
      • Email Login and Web3 Best Practices
    • Integrations
      • Dework
      • Parcel
      • Wonderverse
      • Hedgey
      • Guild
    • CO Token Utility
  • support
    • Change Log
    • 🇨🇭Get Help
  • community
    • Coordinape Community
      • Contributing
      • Community Calls
  • CoLinks
    • What is CoLinks
    • Home, Posts and Replies
    • Explore and Search
    • Buying and Selling Links
    • CoLinks Smart Contract
    • Rep and CoSouls
    • GIVE
    • CoLinks Mobile Features
    • FAQ
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  • The Gift Circle
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  1. Info
  2. Documentation

Gift Circle

Coordinape’s core feature (central to the Alpha version) is the Gift Circle.

The Gift Circle allows a group of DAO contributors to decentralize the payment process, identifying each other's value to the organization to create a compensation map.

Compensation is done through a process of Gifting.

The Gift Circle

An organization can stand up to any number of Gift Circles, adding members through a decentralized process. Then, during a set period (the Epoch), the group can perform the Gifting process as follows:

  • At the start of the Epoch, each member of the Circle receives several non-divisible GIVE tokens (Determined by the Circle Admin)

  • Members allocate their GIVE tokens to other members throughout the Epoch to reward them for the value they bring to the Circle.

  • Members can adjust their allocations up until the end of the Epoch.

  • They can add notes to their allocations if they wish

  • At the end of the Epoch, all allocated GIVE tokens become locked (now called GET tokens), and all unallocated GIVE tokens are burned.

  • Budget distribution is then formulated according to the percentage of total GET tokens that each member of the circles has received.

Example

  • Joe receives 75 GETs over the Epoch from his colleagues,

  • Total GETs allocated during the Epoch are 1500,

  • The total Contributor Budget is 50,000 USDC

  • Circle Admin sends Joe 2,500 USDC (0.05 of the Budget).

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Last updated 2 years ago

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