ELI5: Explain Like I'm 5

Kula ring

Okay kiddo, let me tell you about the Kula Ring. So imagine you live in a village with other people. In this village, people have things like shells, necklaces, and arm bands that are very special to them. Now, they really like these things, but they also want to make friends and build relationships with each other.

That's where the Kula Ring comes in. It's a special way of trading these special things so that people can make friends and build trust with each other. Here's how it works: let's say you have a special shell necklace that you really like. You might give it as a gift to another person in the village who also has a special arm band that you like.

Now, that person doesn't just keep the necklace for themselves. They give it to someone else who has something they like. And so on, and so on. It's like a big circle of giving and trading that goes around the village. And as you give and receive things, you build relationships and trust with other people.

Isn't that cool? The Kula Ring is a way for people in a community to connect and build relationships by trading special things.