KARMA – Smart Community Network

Starting up a new software platform to support the growing business models of organizations is a considerable challenge. Organizations across the world trying to do so face a lot of challenges selecting the right technologies and solutions, and after that selecting the right development partners in order to implement those choices. Established organizations, with their legacy software systems (i.e., networks and systems based on older, non-blockchain technologies), face similar and additional difficult challenges. These organizations’ legacy software systems are often a diverse mix of incompatible technologies (different vendors, versions, protocols, ages, interfaces etc.). Karma International took the initiative and resolved to develop a new internal platform.

Karma is a bold initiative which uses the power of decentralization and blockchain technology to empower membership-based organizations around the world. Karma is the first decentralized network of intelligent communities.

Our mission is to become the core provider of such tools – empowering communities of all shapes and sizes and allowing them to scale new heights. All this while providing them with support and incentives along the way. A truly effective community network doesn’t just track members or activities but catalyses participation and help organizations reach their goals.

Karma will also enable organization-to-organization (and organization to Community Developer) communications, financial management, donating and voting. This will create opportunities and create value on an unprecedented scale. As more and more organizations and Community Developers adopt Karma, the value proposition of the platform will itself increase due to the network effects.

Advantages of Karma

Operate a community where donors can connect with end beneficiaries and encourage transparent processes.
Allow any organization built around a member-centric community (such as interest groups, private clubs, etc.) to connect and communicate under their own branding.
Leveraging the benefits of blockchain technology to track all assets, services and products, transactions, and provide transparency, security and reliability.
Allow individuals to openly access, review and connect with matching businesses

The Karma Token

Karma International will be generating a custom ERC223 token (the successor to the ERC20 token standard) with eighteen digits after the decimal point. This will become the foundation for all capabilities within Karma. All operations within the Karma Community Network software platform are executed with its internal digital currency the KIT token, an ERC223 token. This ensures security and prevents unauthorized human intervention in the processes.

KIT tokens can be used in the Karma Community Network platform in the following ways:

Membership
Organization and chapter governance
Event ticketing
Donations and crowdfunding
Karma platform
Other uses as created by network

Token Sale

Name: KIT

Type: ERC 223

Total token issued: 1,250,000,000 KIT

Available for sale: 527, 500, 000 KIT (42.2% of total token)

Price: 1 KIt = $0.0706

Hard cap: $20 million

Accepted currency: Bitcoin (BTC), BitcoinCash (BCC), Litecoin (LTC), Ethereum (ETH)

Depending on the amount of attracted funds, the KIT tokens will be distributed as follows:

Road Map

The Karma token public presale will begin during the first quarter of 2018 and we will release the KIT token at the conclusion of the sale. Between the end of the token sale and the official public release of the Karma Community Network, the token will have limited utility within the network, including wallet management and trading within the network. By the end of the year we intend to open the marketplace function which will allow members of the network to direct new development and lead innovation.