# Ultraround Money (URM)

The URM story began in 2024, when an anonymous developer launched the CIRCLE token, the first deflationary crypto asset that operates entirely without taxes or external yield/revenue. Afterwards, the developer stepped down, and the community took over. \
\
Since then, the URM community has launched two additional deflationary assets that build upon and complement CIRCLE mechanisms: HESTIA and RAGE.\
The vision of our community in one sentence: Build an ecosystem where deflationary tokens mutually strengthen each other, driven by systematic demand that ensures continuous backing growth—regardless of market conditions or human sentiment.

{% hint style="info" %}
**Note on the rebranding of Circle to Ultraround Money**\
\
While originally launched simply as Circle, the project was rebranded to Ultraround Money only months after launch due to legal action taken by the Circle Internet Group (the issuer of the USDC stablecoin).\
\
Although early investors still reference the ecosystem by its original name, Circle, this is now considered a representation of the CIRCLE token itself, which falls underneath the larger URM ecosystem umbrella. The name of the CIRCLE token cannot be changed since the token name is hard-coded into the contract, which had already been renounced.
{% endhint %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://ultraroundmoney.gitbook.io/ultraroundmoney/ultraround-money-urm.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.