Karma is a P2P platform for creating socio-economic relationships between people, regardless of location, around the world.
There is a noticeable imbalance in the world where there are countries where there are many citizens with available free capital and investors have a lot of money, while at the same time, billions of people live in environments with severe shortages of money and disadvantageous credit rates.
Excessive regulation and centralization of banks have led to the fact that investors receive a negative return, taking inflation into account. Moreover, up to 80% of small and medium-sized business owners in many [JU1] countries do not actually have the opportunity to obtain a loan for business development in banks. In many countries, $100 USD is a large amount of money that can change the lives of several people and give a much needed boost to their creativity and the development of their business. In other countries, $100 USD is a cheque for dinner in a restaurant or even a treatment at a beauty salon.
The task of Karma is to create an ecosystem with a rich variety of relations between participants. People will have the opportunity to exchange their available resources directly with other people, with and without interest, for a period of time to be determined between peers.
Any participant can play any role:investor, borrower, guarantor, lawyer, auditor, or seller.
Due to the open market, people can choose which types of economic and social relationships are better suited to different situations. Due to direct interaction, people will enjoy the benefits of transparency coupled with high speed transactions. Karma is created to simplify the exchange of resources and finances, accelerate the development of the economy and unite clusters of mutual trust around the world.
- Each community member earns money and reputation for useful actions: involving new investor or good borrower, hi-quality scoring, asset management, analytics, insurance etc. - Community members can offer any loan conditions: with collateral or without it, with interest rate or without it, with mandatory repayment or without it. - The ecosystem of thousands of hedge funds and currency exchange risk insurers will be in a competition to create the best option for risk minimization. Local lawyers provide correct e-contracts. Local agents provide debt recovery. - The data is securely stored in a decentralized network. Karma app is decentralized too and executes in different servers. - Cryptocurrencies and tokens, via bitShares technology. Real Estate. There's already an API in Russia, Sweden, Saudi Arabia and Ukraine and there'll be more. Goods and services. Automatic p2p-factoring is already exist. Gold and other digitalized assets: Digix, ChronoBank, BankEx.
Karma is now based on Graphene blockchain. The fastest blockchain in the world and the most popular in terms of number of transactions. Steemit, BitShares DEX and many other projects are based on Graphene and work well for several years.
Graphene allows up to 100 000 transactions per second, and very low 0.01 USD transaction fee.
17 August Early bird presale
First business-loan provided
27-28 November White List Sale
5 SMEs in portfolio,
29 November Open Sale
10 SMEs in portfolio
15 December Token Distribution
pre-ITO 500k USD
Fully-functional online p2p-platform
Attention. There is a risk that unverified members are not actually members of the team
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