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Karma

Economy Of Trust

Karma is an ecosystem. All participants work directly with each other. People can create lots of different types of relationships, and can decide for themselves which ones are effective and which are not.

3.3
3 2 expert ratings
Benchy 3.4
Experts
3.4
3.0
3.0
View rating distribution
~$10,000,000
value of tokens sold in ICO
Ended
Token
KRM
Price in ICO
0.0100 USD
Country
ICO start
29th Nov 2017
ICO end
15th Dec 2017
More on ICO
Report

About Karma

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.

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