Website:
Start At:
2017-11-25
End At:
2017-12-25
Founded:
United Kingdom

Categories:
Finance / Service
Currencies:
BTC, ETH, USD
Whitepaper:

Karma
ICO


Features:

- 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 on 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 already exists. Gold and other digitalized assets: Digix, ChronoBank, BankEx.

Token Distribution:

Pre-ITO funds distribution:
Product development:
20k USD: blockchain-architect, team lead.
40k: the team from 3 devs and 2 QA for 3 months.
15k: project management.

Marketing:
40k: prepayment for promotion partner for ITO international marketing campaign:
60k: content translation, publications, transfers, conferences, partners involvement.

Lawyers:
25k for consulting and organization registration.

Financials:
150k: fund for investing in first p2p-loans inside the platform.
100k: mutual aid insurance fund.
50k: risk-management, endowment-fund for project development, bounties.

Token distribution for the ITO period:
75% backers,
25% founders (1-year vesting).

ITO funds distribution:
50% product development, 
20% conservative endowment fund, 
15% marketing and PR, 
5% bounties for active community members, 
5% founders, 1-year vesting, 
5% lawyers.

Token Sales:

ICO: 
27.11.2017 - 10.12.2017
1KRM = 0.01 USD
Soft Cap: 5M USD
Hard Cap: 10M USD
The number of tokens produced at ITO: 3 billion.
Of these, for sale: 1.275 billion

Escrow

Goodeast Consulting Ltd. (company number: 10596223)

Links:


Team:

Linkedin
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