Introducing The Circle project and its SPHERE token!

^{Anyone who resteem this article will be bribed with 10K MORTY$. In order to receive them you will need to be an EOS account holder. Just leave a comment with "Resteemed" and your EOS account in the comment section of this same article.}

For those who do not have time to read this entire article:

The pre-sale period of our SPHERE token will last 1 week and there will be a 20% discount on its purchase.
The price in the pre-sale will be 1 SPHERE=1 STEEM, or the equivalent in other currencies.
We will accept more methods of payment for the service offered by our token. both in recognized cryptocurrencies (EOS, ETH, TRX, LTC, BTC, BYTES), tokens of the same Steem Engine ecosystem (ENG, PAL, CCC and NEOXAG) and in tokens of some EOS dapps (BOID and KARMA). We will also accept delegations in exchange of tokens, but after the pre-sale, not during it.
After the pre-sale, we'll proceed to make an airdrop of 1M tokens to many people and many projects, but we'll favore much more the users who possess tokens derived from the pre-sale, multiplying per 20 the amount they purchased plus the amount of airdrop tokens that already corresponded to them even if they had not bought.
Every token holder is entitled to a daily upvote for life.
The percentage of upvote will depend on the number of tokens they hold, with the upvote being greater the greater the amount.
The 35% of the profits generated with the purchase of tokens and the delegations taxes, will be accumulated in a cumulative jackpot to be annually distributed among all the token holders, in proportion to their actual holding.
The 10% of the profits generated with the purchase of tokens and the delegations taxes, will be accumulated in a fund for donations , to be annually sent to different charities or NGOs, by choice of our investors.
A 5% of Initial Supply and then after of Annual Inflation goes to a raffle for our token holders (holding a minimum of 2,500 SPHERE), being the raffle pot of each month, that 5% divided by 12 (4,166 Sphere/raffle/month).
Our token is stakable and a 30% of Annual Inflation goes to gratify our active token holders (as annual passive income) that have their tokens staked. This passive income will be also proportional to their staked token holding at the end of the year and only available for those investors who have maintained any amount of tokens (not one specifically) during the entire year.

About Us

We are a group of entrepreneurs, with more than three years of experience, in the management and exploitation of the extensive resources that various blockchains provide us. In the same way, we consider ourselves one of the many standard-bearers, of the propagation towards people outside this whole world, of the advantages offered by cryptocurrencies, blockchains and all their overwhelming technology, as opposed to traditional systems imposed. In short, we could say that our main motivation has always been and will be to help others. For this, we try to provide real and innovative solutions in which everyone benefits and, especially, our investors. That's why we've created our new project: The Circle.

About Project

Every project needs investors, in one way or another. We start by focusing on investors from STEEM's increasingly sophisticated blockchain and we begin facilitating those investments in the form of STEEM, SBD or STEEM delegations. Our purpose is to expand, through marketing campaigns on other platforms, to attract new investors who see the advantages of STEEM blockchain, STEEM Engine, Steemit platform, our project and its token. We will accept more methods of payment for the service offered by our token both in recognized cryptocurrencies (EOS, ETH, TRX, LTC, BTC., BYTES..), tokens of the same Steem Engine ecosystem (ENG, PAL, CCC and NEOXAG) and in tokens of some EOS dapps (BOID and KARMA).

Our project works as follows:

Someone holds our token, both because he bought it and because it was given through a delegation.
Every investor is entitled to a daily upvote for life.
The percentage of upvote will depend on the number of tokens they hold, with the upvote being greater the greater the amount. This upvoting percentage will be directly associated with the total number of tokens issued that year.
The 35% of the profits generated with the purchase of tokens and the delegations taxes, will be accumulated in a cumulative jackpot to be annually distributed among all the token holders, in proportion to their actual holding.
The 10% of the profits generated with the purchase of tokens and the delegations taxes, will be accumulated in a fund for donations, to be annually sent to different charities or NGOs, by choice of our investors.
The last 55% of the profits generated with the purchase of tokens and the delegations taxes, will go to the project account, to be able to do Power Up and grant, each time, higher votes to our investors.
The Top 10 holders will be distinguished members and they'll be able to participate in project orientation, formulate proposals and, probably, to receive different kind of gifts in the future.

Investing in our token it's just one way to diversify your STEEM, providing you a series of advantages, both for the investor himself and for the rest of the community. That said, there will be many people and many projects that will enjoy an airdrop of our token and, in addition, there will be discounts for its pre-sale purchase during a week.

The Circle tries to be a round solution; a round business for everyone.

About Token

The name of our token is SPHERE and it's the 3D representation of our project's logo since it's thanks to it that our purposes can be carried out in real life, around the world. It's mainly a symbolic means through which we are able to provide our services and help people.

Technical characteristics:

Maximum Supply - 100M SPHERE
Initial Supply - 10M SPHERE
Initial Annual Inflation - 10% (1M SPHERE)
Annual passive income - Stakable

There will be a token pre-sale for a week (before issuing the first token) with a 20% discount for every Steemit account, so you will get 1 FREE SPHERE for every 4 SPHERE purchases.
The price in the pre-sale will be 1 SPHERE=1 STEEM, or the equivalent in other currencies.
Immediately after the pre-sale period ends, we'll issue the first tokens and we'll proceed to make an airdrop of 640K tokens, favoring much more the users who possess tokens derived from the pre-sale, multiplying per 20 the amount they purchased plus the amount of airdrop tokens that already corresponded to them even if they had not bought.

^{(In case that this million tokens airdropped would not give enough to distribute to all the people, given the high number of purchases, we would dedicate more tokens to this initial airdrop.)}

A 10% of the Initial Supply will go to the token pre-sale. The tokens that are not sold in the pre-sale will be put into circulation in the market.
A 6.4% of the Initial Supply will go to an airdrop for pre-sale purchasers, friendly projects, some witnesses and many other users.
A 12% of the Initial Supply will go to the project The Circle (holding the tokens in a different account than the @the.circle).
A 12% of the Initial Supply will go to its CEO (holding the tokens in a different account), and his team members or collaborators (also holding these tokens in other accounts than their main ones).
The initial remaining 58.6% will be put on sale on the market.
A 1% of Initial Supply and then after a 10% of Annual Inflation goes to a raffle for our token holders (holding a minimum of 2,500 Sphere), being the raffle pot of each month, that 5% divided by 12 (4,166 Sphere/raffle/month)
A 15% of Annual Inflation goes to cover diverse expenses, such as salaries of the people who perform the administrative tasks, advisors, graphic designers, moderators, web assistance, improvement of the services to be provided or any type of unforeseen, etc..
A 30% of Annual Inflation goes to gratify our active token holders (as annual passive income) that have their tokens staked. This passive income will be also proportional to their staked token holding at the end of the year and only available for those investors who have maintained any amount of tokens (not one specifically) during the entire year.

^{(In the hypothetical case that investors with staked tokens and such stake amounts were low, they passive income will be proportionally distributed to their stake, and the remainder of that annual 30% will be divided at 50% and converted to STEEM: 25% will go for the annual cumulative jackpot and the another 25% destined to the fund for donations.)}

As we have said before, we accept also delegations. These will not be accepted as payment in the pre-sale but after it. The initial SteemPower/SPHR ratio will be as follows: 1SP delegated - 0.6 SPHR So, for example, we have that someone that delegates 5,000SP will receive 3,000SPHR. (These ratios may fluctuate over time due to market supply and demand.) The SPHR given to the delegators will be divided in 12 parts, one for each month of the year. Following the previous example: Someone who delegates 5,000 SP will receive 250 SPHR per month (3,000SPHR/12 months). This is to prevent someone who delegates very large amounts of SteemPower, received the entire amount of Sphere at once and then withdraws his delegation in a week. We know that the majority of Steemit users would not do this, but prevention is better than cure. For legal purposes, in terms of participation and enjoyment of their privileges, the delegators will count as if they had their full amount of SPHR. It means that, even they could earn 250 SPHR per month, as their full amount is 3,000 SPHR, they will be allowed to participate in the raffles (wich requires a minimum amount of 2,500 SPHR to participate), for example. It is just a mere preventive formality, for us as an internal work, which will not affect all the rights of the delegator. As the delegators will enjoy the same advantages as those who buy the token, and we know that the money of those who buy the token there are certain percentages that are destined to cumulative jackpot and fund for donations it would be unfair for buyers that delegators do not pay a small fee for enjoying the same. This tax for delegators will be only a 5% of the monthly amount they'll receive (in the previous case of 250 SPHR monthly amount the tax would be 12.5SPHR), which will be converted to STEEM and sent to cumulative jackpot and fund for donations.

About Voting Percentage

As we previously said, this percentage will depend on the number of tokens the user holds, with the upvote being greater the greater the amount. This upvoting percentage will be directly associated with the total number of tokens issued that year. In the first stage of the project there will be 10M tokens in total, therefore, the formula will be taken by dividing the tokens that the user has by 10M tokens and then multiplying the result by 10,000. Let's show an example:

Jimmy has 8,000SPHR; if we divide that amount by 10M, the result will be 0.0008 and now we multiply by 10,000 so, we have a result of 8. That will be the voting percentage of Jimmy: an 8%.

We emphasize that these voting percentages are considered in the event that our project was successful and there were many users to vote daily. Let's say we prefer to start being cautious with the voting percentages. The same way we say, that in other cases that could occur, the voting percentages could go up just a couple of weeks after pre-sale and the airdrop finishes. That way we could determine closely the amount of users interested in the benefits of our project and set a more accurate voting percentage for everyone.

About Staking

As we previously said, a 30% of Annual Inflation goes to gratify our active token holders (as annual passive income) that have their tokens staked. This passive income will be also proportional to their staked token holding at the end of the year and only available for those investors who have maintained any amount of tokens (not one specifically) during the entire year. (In the hypothetical case that investors with staked tokens and such stake amounts were low, they passive income will be proportionally distributed to their stake, and the remainder of that annual 30% will be divided at 50% and converted to STEEM: 25% will go for the annual cumulative jackpot and the another 25% destined to the fund for donations.)

This means that, at least the first year of project life, there will be 300,000 tokens to proportional be distributed at the end of a year, for those who end that year with any amount staked.

About Cumulative Jackpot

A 35% of the profits generated with the purchase of tokens and the delegations taxes, will accumulate here, to be later distributed among all the token holders, in proportion to their actual holding.

To be eligible to obtain this distribution of funds, the investor must be in possession of at least 8,000SPHERE before the end of the year.

^{(The amount needed to be eligible to obtain the distribution could change depending if the needs of the project or the market so they consider it.)}

^{(The project account, will not enjoy this annual distribution of funds.)}

^{(The CEO and his team members will only participate with the tokens derived from what they bought in the pre-sale and those derived from the Initial Airdrop that is made to the whole people chosen to receive it.
In other words, for example, the CEO may have 1 million tokens in another account, but he will occupy the position of investor and the proportional distribution of the cumulative jackpot, based on what he bought or got initially airdropped, like any other investor.
In this way, the distribution of the cumulative jackpot will be truly fair and proportional for every investor.)}

About Fund For Donations

A 10% of the profits generated with the purchase of tokens and the delegations taxes, will accumulate here, to be later sent to different charities or NGOs, by choice of our investors.

About Charities And NGOs

The list will be lengthened as more of our investing members contribute their choices. The list will always be in view of each of the investing members, who will have a year to grant their vote to the one of their choice. The votes will be casted through adding reactions, advising to vote only for one of them, the one you prefer. The charitable foundation or NGO selected will be the one with the most reactions from different users. Once we distribute the funds after a year, all the previous reactions will be removed to start from scratch in the new year.

About Buy/Sell Tokens

If you do want to buy our SPHR token, we provide you several ways to do it:

Send a STEEM amount to the @the.circle account with the memo Buy tokens.
Send a SBD amount to the @the.circle account with the memo Buy tokens
Send a delegation amount to the @the.circle account.
Send an ENG amount to the @the.circle account and, after that, send 0.001 STEEM with the memo Sent you (amount) ENG to buy tokens, to the @the.circle account.
Send a PAL amount to the @the.circle account and, after that, send 0.001 STEEM with the memo Sent you (amount) PAL to buy tokens, to the @the.circle account.
Send a CCC amount to the @the.circle account and, after that, send 0.001 STEEM with the memo Sent you (amount) CCC to buy tokens, to the @the.circle account.
Send a NEOXAG amount to the @the.circle account and, after that, send 0.001 STEEM with the memo Sent you (amount) NEOXAG to buy tokens, to the @the.circle account.
Send a BOID amount to the dresdenautas account and, after that, send 0.001 STEEM with the memo Sent you (amount) BOID to buy tokens, to the @the.circle account.
Send a KARMA amount to the dresdenautas account and, after that, send 0.001 STEEM with the memo Sent you (amount) KARMA to buy tokens, to the @the.circle account.
Send an EOS amount to the dresdenautas account and, after that, send 0.001 STEEM with the memo Sent you (amount) EOS to buy tokens, to the @the.circle account.
Send an ETH amount to the 0x6C2dA1F9B5B40ae007Bc8622ec8A5D53Cf37A970 account and, after that, send 0.001 STEEM with the memo Sent you (amount) ETH to buy tokens, to the @the.circle account.
Send a TRX amount to the TABZkDJfC2wma7QYSSaNyPjoXAQAdT15Ec account and, after that, send 0.001 STEEM with the memo Sent you (amount) TRX to buy tokens, to the @the.circle account.
Send a LTC amount to the Lb2jQu95LmPUUz8Dz9QiYiJBFkpZ8H3rK2 account and, after that, send 0.001 STEEM with the memo Sent you (amount) LTC to buy tokens, to the @the.circle account.
Send a BTC amount to the 13zvsHkzQ2e8TYovUMztxtLfLTs8dY5ukN account and, after that, send 0.001 STEEM with the memo Sent you (amount) BTC to buy tokens, to the @the.circle account.
Send a BYTES amount to the DVVNSMJABCSOW6ZZNLRLMX27BYVRUSK5 account and, after that, send 0.001 STEEM with the memo Sent you (amount) BYTES to buy tokens, to the @the.circle account.