 | Karma (KRM)ICO Decentralized p2p lending platform where people and companies can interchange directly to each other. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Karma
- 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 in 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 is already exist. Gold and other digitalized assets: Digix, ChronoBank, BankEx.
DetailsPublic sales: Nov 23, 2017 - Dec 23, 2017Raised: 1,000,000 USD | Token infoTicker: KRMToken price in USD: 1 KRM = 0.01 USD Accepted currencies: ETH Token distribution: pre-ITO funds distribution: Product development: 20k USD: blockchain-architect, teamlead. 40k: 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 organisation 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. |
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