Karma-World's First Intelligent Community Network

With the era of decentralization, Karma's new mission is to provide the Karma Protocol and Karma International Token (KIT) to empower membership-based societies around the world, including:

Physical membership organizations (such as country or golf clubs)

Virtual membership organizations (such as university alumni branches)

Nonprofit organizations that do not have operational backbone (CRM, ERP, Analytics, etc.)

Karma International faces this problem on its own. Established in 2005, Karma

International has an original mission to connect outstanding and inspirational individuals both socially and professionally through high experimental events, business networking summits, social gatherings and international visits. Karma International is very successful with this tightly focused business model. Over the next few years, Karma International builds and develops its own Community Network, often in response to urgent and urgent requirements. The ever-increasing growth of Karma International and the expansion of its vast model of true membership organizations ultimately makes this approach unsustainable.

What is Karma?

Karma is a bold initiative that empowers the power of decentralization and blockchain technology to empower membership-based organizations worldwide.

Our slogan perfectly reveals Karma's vision: The World's Shortest Community Network. This is more than just a slogan for us, but a foundation for all our combined endeavors. Our mission is to be a core provider of such a tool - empowering people of all shapes and sizes and enabling them to reach new heights. All this while giving them support and incentives along the way. The blockchain capability of the Karma Protocol and, more specifically, Karma International Token (KIT), lays the foundation for all these efforts: enabling organizations to launch, manage, build and operate in Karma and ensure sustainable, sustainable and sustainable development.

diverse modules and supporting ecosystems. Karma also integrates the best offchain breed technology to provide a truly optimized and modulated solution. This white paper explains what Karma is under the hood, how it will be turned on by our team, and our vision and approach to bringing Karma into the world.

Challenge

Bringing up a new Community Network is a big enough challenge. Organizations around the world who are trying to do so face many difficulties in choosing the right technology and solutions, and afterwards choose the right development partners to implement the choice. Even if this initial choice is appropriate, actually implementing, operating and maintaining the resulting Community Network can be filled with complications.

Established organizations, with their Legacy Community Network (ie, networks and systems based on old technology and non-blockchains), face difficult and similar challenges. The Legacy Community Network of this organization is often a mix of various incompatible technologies (different vendors, versions, protocols, ages, interfaces, etc.). Connecting newer components, though those components, which are considered separate, are the right choice, can be combinatorically difficult. The bottom line - as organizations grow, on the scale of their operations, their Legacy Community Network can not keep up.

Karma Solutions

In 2014 Karma International took the initiative and decided to develop a new internal platform, which eventually became Karma Member Lounge (KML). KML is designed from the ground up to have the capacity to gain power and manage all aspects of Karma International's expanded and anticipated business model. KML has become a powerful and multi-faceted platform that has gained much industry experience, investment investment, R & D, and focused and organized software development efforts. KML has been a true love worker for Karma International and fulfills its mandate to provide the best experience for its members.

Karma International has and will always focus on providing value back to society, to the organizations most in need. It has contributed to hundreds of non-profit efforts over the years and is directly involved in charities and communities. Our new offer, Karma, continues and massively scales this vision, representing distributed innovation, technology-based, tokenized, secure and scalable blockchain from native KML - available for membership-based organizations.

Karma will also enable organizational-to-organization (and organization to Community Developer) communications, financial management, donors and voting. This will create opportunities and create value on an unprecedented scale. As more organizations and Community Developers adopt Karma, the value proposition of the platform (and related KIT tokens) will increase due to network effects. Karma will be adaptable and expandable, meaning it can be tailored to the diverse needs and diverse membership organizations worldwide. To achieve success with speed, we will use:

The knowledge we gain from building, operating and managing a very successful community network (KML).
The expertise and skills of our blockchain development team.
Our advisory guidelines, and
The valuable inputs of the growing Karma Community.

The Place of Karma Market

Marketplace includes a function that rewards the Community

Developers with KIT when their Custom Modules are purchased and / or

utilized This will generate positive dynamics that will drive innovation

in Karma.

Marketplace, with the selection of Custom Modules, will be one of the most effective methods to increase added value for Karma through Community Developers. Examples of Custom Modules will be fully capable of consuming KITs based on their own unique requirements, which individually maintain metrics based on instances per Module.

We will allow all Community Developers to create highly specific independent processing modules. It can take one or several roles for the benefit of all our Communities, in very diverse industries.

Acceptance module

Token Holder Community will be responsible for accepting new or updated Modules in its network, based on the consensus mechanism imposed by DAO. Quality, performance and reliability guidelines will apply to new admissions, to ensure Marketplace only consists of featured modules.

Management module

Community Developers will have the ability to determine exactly how the pricing is based on their KIT. It encourages a healthy and self-regulated eco-app system where high-quality modules will be able to build sustainable business models. Acquisition Costs will be subsidized, using the Consensus, from the initial TGE allocation to Research & Development, which provides most of our capacity at no cost to the Community. Example:

Alice created a Community Developer Module that offers newsletter capabilities
Alice applies to Marketplace approval and assigns its acquisition fee as 2000 KIT
New modules are tested and checked by our automated system
This module is validated by the manual review team
Once approved by consensus, the module is available for installation by any community
Communities that acquire this module can benefit from subsidized acquisition costs during the platform's first development phase
Alice receives 2000 KIT per installation.

Karma has also built a service that uses Geth. Geth is a versatile tool that can run a full Ethereum-based blockchain implemented on Go. The connected app on Ethereum is built in Truffle. Truffle is a development environment, testing framework and asset path for Ethereum.

Karma will create an ERC223 token (replacement of the standard ERC20 tokens) with eighteen digits and the ticker symbol KIT. KIT will become more valuable and offer more utilities as Karma continues to grow in the right way.

KIT Utility Token

KIT is the basic component of Karma. There are three main ways that KIT will do:

Economic Sharing Tokenization.Sharing goods among community members is easy because KIT can be used directly by lending assets between Karma users and customers, thus

creating a shared economic model. Karma Exchange will enable Community Members to optimally offer their assets and receive KIT instead.

Payment Through KIT

This will allow each member to be able to use their KIT to purchase value-added services in Karma.

Karma believes that in the next three years, the Blockchain network will increase and increase. Karma and KIT are designed to utilize "Network effects". In other words, Karma will proactively promote the application of plaster and KIT through community development, education, marketing and good governance.

On November 21st, PRE-TOKEN sales will be completed. The platform has 65,000 users. The budget platform is 32 million dollars.

https://tokensale.karma.red/

This platform has its own TGE cryptocurrency. The price for 1 TGE tokens is $ 0.706. Cryptocurrency can be purchased with the help of Changelly, as well as BTC, ETH and EOS.

The distribution of tokens after system launch is planned as follows:

42.5% assigned for sale;
22.5% assigned to platform development;
7.5% assigned to maintain platform operating status in terms of security;
20% assigned to payments to team members;
7.5% assigned to customer incentives to make decisions (50% for team, 50% prize for initiator).

The token sale will begin on October 21st. In total, 1 000 000 000 KIT will be issued (1 KIT = 0,0706 $), because ICO, the company plans to collect 25 000 000 dollars. The collected funds will be distributed as follows: