Karuna Network

Karuna Network

Created using Figma
Created using Figma
Karuna is a decentralized, transparent and peer-to-peer social platform built on the Ethereum blockchain, for social and economic empowerment. Karuna is a membership-based platform that connects Non-Governmental Organizations (NGOs) with donors who wish to donate to the NGOs to make a social and economic change. Karuna is a blockchain based platform where any NGO can register their organization/project to receive donations and any persons from across the globe can register to donate to a cause of their choice. All transactions on Karuna happen using the platform’s ERC 20 token -Karuna token.
Risk: High
Sale
Mar 20, 2018
May 5, 2018
100% completed
Raised funds - no Data
past
Pre-sale
Feb 16, 2018
Mar 15, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
KARUNA
Accepted Currencies
ETH, BTC, LTC, BTH
Company Details
Registered Country
Netherlands
Additional Details
KYC
Yes
Categories
Charity

About Karuna Network

The global non-profit sector today is a multi-trillion dollar market, however the dona- tion process has several inefficiencies due to which the donors lack confidence in the systems and processes involved. Due to several players acting as middlemen, the chances of misappropriation of funds and corruption happening at various levels of the money transfer process are extremely high. Also, the systems adopted by existing chari- ties and non-profits to be audited by third party auditors, are also operationally ineffi- cient, inaccurate and contain significant chances of corruption. Due to these reasons, donors often refuse to donate to social causes even though they are passionate about making a difference in society, but find it difficult to trust the system.

Karuna seeks to be a decentralized, transparent and peer to peer social platform built on the Ethereum blockchain, for social and economic development of communities in need of aid. Karuna is a membership based platform that connects Non-Governmental Organizations (NGOs) with donors who wish to donate to the NGOs to make a social and economic change. All transactions on the Karuna platform happen using the Karuna token, which is an ERC 20 token generated on the Ethereum platform. Karuna seeks to be a blockchain based platform where any NGO can register their organization/project to receive donations and any persons from across the globe can register to donate to a cause of that they are passionate about.

The benefits of Karuna platform over legacy systems are manifold. Since the platform is powered by the Ethereum blockchain, all transactions are transparent, all records are tamper-proof and reliable and there are few to no middlemen involved, thereby making the system cost-effective and extremely fast at the same time. The Karuna platform offers user-friendly tools that provide detailed insights into the utilization of donated funds, based on which conditional donations can be initiated in multiple stages. The system allows both the donors as well as the recipient organizations to gauge their performance and the success of their cause by following a multi-level impact model that provides all the critical needed by the community to shape the direction of various dona- tion campaigns. The platform also uses a second token called Karuna Community Token, to be used as a tool for voting on various issues related to execution of social causes and the performance of the organizations listed on the Karuna platform. It also acts as a medium of self-regulation that the community can use for an effective governing mecha- nism.

Karuna platform will follow the best practice, policies and procedures intended to ensure legal and regulatory compliance. Every member shall comply with the AML and KYC form with respect to the global standards.

The platform will generate revenue from two primary sources – by charging a minimal fee from membership and user registration and by charging a monthly fee from all donors and organizations registered on the platform, to stay subscribed to the platform.

Features

Karuna is a membership based platform that connects Non-Governmental Organizations (NGOs) with donors who wish to donate to the NGOs to make a social and economic change. All transactions on the Karuna platform happen using the Karuna token.

Karuna Network Roadmap

  • 10th Jan 2018

  • Whitepaper Version 1.0.
  • 20th Jan 2018

  • Completion of Legal Formalities.
  • 25th Jan 2018

  • Press Release Distribution.
  • 29th Jan - 07th Feb 2018

  • Close Group TGE Sale Starts.
  • Read More
  • 16th Feb - 15th Mar 2018

  • Pre TGE Sale.
  • 20th Mar - 05th May 2018

  • TGE Sale.
  • Jun - Aug 2018

  • Post TGE Development.
  • July 2018

  • Listing on Reputed Exchanges.
  • Sep 2018

  • Karuna Platform Beta Version.
  • Feb 2019

  • Testing & Opening of Karuna Platform.
  • 2020

  • Investment, construction and development of education projects for slow and developing countries.
  • 2021

  • Invest in and develop international standard hospital projects with Karuna Network's fee model, targeting low-income clients.
  • 2022 - 2025

  • Researching, investing and building the social safety net for the Karuna Network, referenced in the model of the Kingdom of Denmark.

Activity

Followers:
31
VERY LOW
Tweets:
46
VERY LOW
30 Days Growth:
-2
Members:
382
VERY LOW
30 Days Growth:
55

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

BLOCKCHAIN EXPERT
unverified
GLOBAL RELATIONS DIRECTOR
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Last News

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