Website

Opakeco Foundation (KARMO)

ICO

Last updated: May 04, 2018

To be announced

The Opakeco Foundation is building a platform where token holders will be able to exert control over the foundation and support charities without the need of technical skills. In time, Opakeco will become the platform for measuring the transparency of charities and well-doers.

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Overview

Project industry	Social Services & Non-profit
Whitepaper	Open

Technical details

The initial coin offering contract is written with a few important key values: Fixed gas price Hard limit on available Karmo tokens. Karmo tokens can not be minted after ICO. The fixed gas price (“FGP”) is to prevent unfair transactions. There will be no whitelisted accounts, and all transactions with a gas price below or above the FGP will be rejected.

What is Opakeco Foundation

- Voting with your tokens, being able to have remaining ETH refunded - Send humanitarian aid with tokens - Founders don't have access to funds unless token holders approve - Founder tokens only release 5% per quarter - Foundation (Stichting), non-profit organization - 40% of balance surplus will go to a token buy back program

Token info

Ticker: KARMO
Accepted currencies: ETH
Token distribution:
The initial coin offering represents 65% of all karmo tokens. The founders of the foundation, receive a total of 25% of all Karmo tokens. These tokens vest 5% (relative to the total value) per quarter, fully vesting after a period of 5 years. A fund of 5% of all Karmo tokens is kept available for future staff and partnerships. There is 2.5% available for the advisory board. There is 2.5% available for bug/translation/other bounties.