What is the $CIRP token?

The $CIRP token is Circularr’s deflationary utility token that is backed by recyclable plastic as a commodity. We have issued 8.3bn tokens in total to match the total metric tons of plastic waste that exist on earth to date.

How will the tokens be used?

$CIRP is unique in that the tokens are not just a speculative asset but backed by a real-world commodity with multiple uses:
Rewards

As a reward mechanic from all participating reverse vending machines to consumers.

rPet Marketplace

As a sustainable currency to be used on Circularr’s rPet Marketplace to buy rPET pellet.

Payments

As a currency that can be used at the point of purchase for goods and services without the need for conversion to the local currency.

Staking

To purchase and stake in Reverse Vending Machines to earn a % APY return from a share of the advertising revenue.

TOKEN VALUE

The $CIRP tokens are underpinned by:

Blockchain Infrastructure

Faster, Cheaper, Greener

Circularr’s first asset, the $CIRP token, is based on a layer 2 blockchain ecosystem built on the XRP Ledger. This provides both superior sustainability and fast real-time transaction speeds. It also has the added benefits of high-level security and transaction fees of just fractions of a penny.

1,500

transactions per second

99,9%

of value retained

Development Roadmap

Stage 1 In Progress

Wallet Development

Create and introduce wallets for Reverse Vending Machines (RVMs), mobile wallets for users, recyclers’ wallets with centralised controls, wallets for partners, and API for third party integration.

Exchange Platform for Internal Trading

Launch platform to provide internal circulation of tokens within the Circularr ecosystem.

Token Design

Develop the token’s characteristics and functions on the network to empower the Circularr blockchain with its own-backed Plastic token.

Track & Trace System

Develop and launch the ability to track and trace each items as it enters the system through it’s final use in a product. This is the cornerstone of establishing trust with consumers and maintaining commodity value.

Advertising Network Development

Establish Reverse Vending Machine advertising infrastructure and launch promotions within the Circularr wallet.

Stage 2 In Progress

Self-Serve Advertising Integration

Enable Brands and organisations to pay for and launch advertising campaigns (on RVMs and within our native wallet/app) via a bidding platform similar to Google Ads or Facebook Ads network. Dynamic content to be served on touchscreens on the front of the machine.

Preparation for Centralised Exchange Listing

Develop purchase and swap mechanics for users via FCA-regulated and retail institutional exchange agreements, to enable cross platform trading for $CIRP and other fiat currencies and crypto assets within the Circularr app.

Stage 3 Q2 - 2023

Commoditising of Recycled Plastic

Manage all traceability data for the recycled plastic to make up 250kg, 500kg, or 1 metric tonne of plastic. Enable organisations and individuals to purchase rPET plastic to recycle themselves, or as an investment in sustainable assets.

Launch of rPET Exchange/Marketplace

Enable organisations and individuals to buy and sell fully traceable rPET plastics on the Circularr marketplace.

Charity Integration

Develop an open API for charity organisations that allows users to send their tokens to environmental and charitable organisations directly from our native wallet/app (Android/iOS) or directly from our RVM network

Stage 4 Q4 2023

Gamification

Develop game engine for users on the native Android/iOS apps and on the RVM interface, where brands can launch mini games for users to reward them with tokens, prizes and other merchandise. This will integrate into the open banking API to be connected to organisations and work with their existing apps to allow users to track their environmental impact on the network.

Development
Roadmap

1

Stage 1

In Progress

Wallet Development

Create and introduce wallets for Reverse Vending Machines (RVMs), mobile wallets for users, recyclers’ wallets with centralised controls, wallets for partners, and API for third party integration.

Exchange Platform for Internal Trading

Launch platform to provide internal circulation of tokens within the Circularr ecosystem.

Token Design

Develop the token’s characteristics and functions on the network to empower the Circularr blockchain with its own-backed Plastic token.

Track & Trace System

Develop and launch the ability to track and trace each items as it enters the system through it’s final use in a product. This is the cornerstone of establishing trust with consumers and maintaining commodity value.

Advertising Network Development

Establish Reverse Vending Machine advertising infrastructure and launch promotions within the Circularr wallet.

2

Stage 2

In Progress

Self-Serve Advertising Integration

Enable Brands and organisations to pay for and launch advertising campaigns (on RVMs and within our native wallet/app) via a bidding platform similar to Google Ads or Facebook Ads network. Dynamic content to be served on touchscreens on the front of the machine.

Preparation for Centralised Exchange Listing

Develop purchase and swap mechanics for users via FCA-regulated and retail institutional exchange agreements, to enable cross platform trading for $CIRP and other fiat currencies and crypto assets within the Circularr app.

3

Stage 3

Q2 – 2023

Commoditising of Recycled Plastic via NFT’s

Manage all traceability data for the recycled plastic to make up 250kg, 500kg, or 1 metric tonne of plastic. Enable organisations and individuals to purchase rPET plastic to recycle themselves, or as an investment in sustainable assets.

Launch of rPET Exchange/Marketplace

Enable organisations and individuals to buy and sell fully traceable rPET plastics on the Circularr marketplace.

Charity Integration

Develop an open API for charity organisations that allows users to send their tokens to environmental and charitable organisations directly from our native wallet/app (Android/iOS) or directly from our RVM network

4

Stage 4

Q4 2023

Gamification

Develop game engine for users on the native Android/iOS apps and on the RVM interface, where brands can launch mini games for users to reward them with tokens, prizes and other merchandise. This will integrate into the open banking API to be connected to organisations and work with their existing apps to allow users to track their environmental impact on the network.

Want to find out even more?

Download our investor deck to get more information about $CIRP token.