What is Karma? Besides the belief it is what comes around, goes around, it is a Global decentralized blockchain-platform, where people and companies can interchange directly to each other.

Karma has created an ecosystem where people can create infinite types of relationships: from short-term loans to social loans with zero interest rate, zero collateral rate and without exact timing on repayments – for instance, the borrower can pay when there will be an opportunity and the lender is satisfied.

Karma creates a holistic community with high levels of mutual trust based on the needs of small and medium entrepreneurships in every country in the world, increasing the SME’s share in the world’s economy and will create an opportunity for direct resources exchanges.

Karma has 10 Key Features

01 Decentralized Roles

Any participant can play any role, earn money and reputation

At Karma ecosystem anyone can play any role: involve new members, escrow, transaction transport, analytics, scoring, underwriting, insurance, currency exchange hedging, lawyers etc.

Each community member earns money and reputation for useful actions: involving new investor or good borrower, hi-quality scoring, asset management, analytics, insurance etc.

02 Decentralized Interchange Rules

All community members work directly with each other and create new kinds of relationships by themselves

At Karma investors give their money directly to borrowers.

Community members can offer any loan conditions: with collateral or without it, with interest rate or without it, with mandatory repayment or without it.

Open market and high number of bids will speed up the evolution.People will choose the best types of relationships for different situations by themselves.

API for connecting external money transfer protocols and interfaces: exchanges, payment systems, USSD-gates etc.

03 Decentralized Location

Creating the opportunity for resource interchange all around the world

Effective SME owner from Latin America can attract money from Swiss investor, who has a negative deposit interest rate in his country.

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.

04 Decentralized Data and App

Decentralized data storage and processing based on blockchain technologies

Due to blockchain technology Karma doesn’t rely on single server or hosting provider, and can provide sustainable service.

The data is securely stored in a decentralized network.

Karma app is decentralized too and executes in different servers.

Anyone can connect the server to the Karma delegates’ network and earn money storing and processing data.

05 Different Types of Collateral

Anything than can be digitalized

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.

Every debt is transferable and splittable. All loans are made in form of bills of exchange.

Loan can be provided in fiat currencies via banking API and automatic payment commentaries analysis (already works).

After the statistics accumulation: loans issued in internal Karma tokens. A huge step to barter direct interchange economy.

06 Total Automation

Processes simplification and increasing the reliability

All interaction processes in the ecosystem are automated as much as possible and don’t require a physical presence:

Electronic loan and surety contracts;

Reassignment of obligations;

Collective claims;

Collateral registration and release;

Currency exchange risk insurance.

Loan approval time is as low as possible, and the loan itself is easy-to-use for borrowers:

Semi-automated scoring;

One escrow account for bulk repayments for all investors;

Payment auto-split to multiple investors via smart-contract.

07 Smart Scoring

Continuous education and development

Automated scoring: Big Data, Machine learning.

Scoring based on reputation accumulated after several successfully completed contracts.

Social networks attached (Facebook, LinkedIn).

Online commercial data attached (Shopify, Etsy, Amazon, Ali, Spark).

API for external scoring algorithms. The more precise scoring you make — the more money from approved loans you earn.

Regular online re-scoring: control over actual borrowers’ KPIs.

Lots of hackathons for developing new scoring algorhytms.

Social-responsible ecological scoring: If somebody haven’t passed the scoring at traditional bank, he’s just get refused. In Karma he gets the recommendations on how to grow his score, he also gets the mentors list and special education courses.

08 Mutual Responsibility

Each participant of the transaction commits with his money and reputation

We create strong community based on mutual responsibility.

If somebody fulfilled the obligation, his Karma is growing up.

If he failed — it goes down.

Also, Karma changes for everyone involved in contract:

—Who brought the borrower into the ecosystem;

— Who sureted for him;

—Who scored his quote as positive.

09 Business Development

The opportunity to turn your loyal customers into investors

Powerful tool for ecosystem growth.

Goods and services manufacturers can easily involve their loyal customers as an investors in the growth of their business. If someone loves the goods they can crowdfund the manufacturer.

Karma itself is not only a financial market. It creates opportunities to promote manufacturers worldwide, involve new distributors, and move to the new markets.

10 Loans For Future Delivery

Goods and services with discount for prepayment

One can sell his goods or services today and deliver them later. It’s like a forward contract, for example:

— To crowdfund real estate construction at the early stages (day-usage-tokens instead of square meters);

— Agricultural businesses to crowdfund their harvesting (potato-tokens);

— For air tickets or tours presales.

Profitable for investors:

— Significant discounts, or re-selling tokens at the exchange for profit.

Profitable for manufacturers:

— Make money today, make turnover faster;

— Promote his own goods and services for a huge audience;

— Can pay with his goods and services.

Key point: This is a foundation for the barter economy like Swiss WIR.

What if the loan will not be repayed on time?

Answers for one of the most popular question:

Mutual responsibility: in case of loan default the reputation and deposit goes down for each participant of the transaction. In case of success — they both goes up.

Every loan is an e-contract having a legal force.

The network of the p2p-insrurers provides the insurance. Also, the Karma itself moves some part of the income to the global mutual insurance fund.

The network of the local p2p-agents can help to rebuy the loan.

Open API for connecting the thousands of scoring parameters.

Recommendations for creating maximum diversified investments portfolios.

Gentle involvement of the new community members via existing solid professional or local communities.

Karma itself moves part of the income to the Mutual Aid Fund to cover some losses of the community members.

Karma has the «social delegate» role for offline check of new members (like in AriBnB).

Why trust Karma?

Most people from the team are public persons, we can provide links to Facebook or Linkedin accounts. One of us, for example, is an IT-Architect of MOEX (largest Russian fiat Stock Exchange). Also there’s a lot of conferences where we’ve attended as a speakers. Our reputation costs lot more than 500k at pre-ITO.

We’re not trying to raise tons of millions of USD from nothing. We prefer to be conservative and earn reputation step by step.

There will be a multi-sig wallet locking the pre-ITO funds. Wallet opens with 3 of 4 signatures, 2 of them are owned by lawyers from Netherlands and UK.

UK-based company Goodeast Consulting Ltd. (company number: 10596223) takes the responsibility on targeted use of collected funds during the period from preITO to ITO.

After the ITO both tokens and funds of co-founders will be locked up to 1 year.

We have p2p-funding experience since 2014: SME’s loans for business development projects, p2p-factoring for e-commerce.

Blockchain technologies

Karma is an OpenSource-project.

We use the fastest and the most affordable blockchain— Graphene:

Up to 100,000 transactions per second (30 in ETH, 7 in BTC);

Transaction cost as small as 0.02 USD (1.5 in ETH, 5 in BTC);

HTTP-REST API for web-applications;

Smart-contracts via Graphene plug-ins (like Steem, Open Ledger);

Active ecosystem growth (EOS, OCASH).

Pre-ITO

17—30 August 2017

1KRM = 100USD.

5000 KRMP to be issued for sale.

Alpha-version development

Cryptocurrency as a collateral and as a loan

(including bitUSD for fiat-conversion).

Interest rate, collateral rate and need for return to date — as agreed by parties.

Legal issues resolving, non-profit organisation registration.

PR and marketing for the ITO.

ITO

November 2017

1KRM = 200USD

50 000KRM issued for sale.

Pre-ITO backers exchanging their KRMP tokens to KRM in proportion 1 old to 5 new.

After the ITO, 50% of net profit will be allocated for tokens buyback

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

Website: http://karma.red

English presentation: DOWNLOAD



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