who knows..... its an idea some inventors had in late 20´s - 40s´s . I havent found any good reason, perhaps better lift??
The thing known is that better floating , near a parachute in landing. Characteristics by take-off and landing is noted as points.
I hvent researched it much either, just found the type "fantastic unique" as reason to build one. If is good, (or not) flying i will find out. in worst case, its just remove the circular wing and put on a more normal wing(wings), as here the Alliance Argo biplane (who it orginally was, before extended and put the circular wing on)