Info Technology Crypto: KARMA — World’s First Decentralized Smart Community Network

Karma

Karma is a bold initiative which leverages the power of decentralization and blockchain technology to empower membership-based organizations around the world.

Every action we take generates a force of energy that returns to us in kind. When we consciously choose actions that bring happiness and success to others, the fruit of our karma is happiness and success.” — Deepak Chopra

Our slogan perfectly sets forth Karma’s vision: World’s First Decentralized Smart Community Network. This is considerably more than just a slogan for us, but rather the basis for all our combined efforts. Our mission is to become the core provider of such tools empowering communities of all shapes and sizes and allowing them to scale new heights.

All this while providing them with support and incentives along the way. The blockchain capabilities of the Karma Protocol and, more specifically, the Karma International Token (KIT), lay the foundation of all of these efforts: allowing organizations to launch, manage, build and operate on Karma and ensuring a thriving, sustainable and diverse module and support ecosystem.

Karma also seamlessly integrates best of breed offchain technologies to provide a completely optimized and modularized solution. This white paper describes what Karma is under the hood, how it will be brought to life by our team, and our vision and approach for bringing Karma into the world.

Terminology and Acronyms

The Challenge

Spinning up a new Community Network is a considerable challenge. Organizations across the world seeking to do so face numerous difficulties selecting the right technologies and solutions, and after that selecting the right development partners in order to implement those choices. Even if these initial selections are appropriate, actually implementing, operating and maintaining the resulting Community Network can be fraught with complications.

Established organizations, with their Legacy Community Networks (i.e., networks and systems based on older, non-blockchain technologies), face similar and additional difficult challenges. These organizations’ Legacy Community Networks are often a diverse mix of incompatible technologies (different vendors, versions, protocols, ages, interfaces, etc.).

Grafting on newer components, even if those components, considered in isolation, are the right choice, can be combinatorially difficult. Bottom line — as growing organizations scale their operations, their Legacy Community Networks simply cannot keep up.

Karma International faced this issue itself. Established in 2005, Karma International had the original mission of connecting exceptional and inspirational individuals both socially and professionally through a variety of high profile experiential events, business networking summits, social gatherings, and international excursions.

Karma International was very successful with this tightly focused business model. Over the next several years Karma International built and evolved its own Community Network, often in response to pressing and immediate requirements. Karma International’s ever increasing growth and the vast expansion of its model to that of a true membership organization eventually rendered this approach unsustainable.

Each Module will offer its own features and benefits. The modules come in two varieties: Core Modules and Custom Modules. These are described in more detail below.

Core module

will provide a number of basic Modules (as presented in “Key Features & Capabilities”) that will provide the Community Network with the core features that most organizations require. The Core Module is provided, maintained and updated by Karma.

Custom Modules

The Custom Module provides useful functionality beyond what the Core Module offers.
They are developed by Karma Community Developers and then submitted to the Marketplace for review, feedback and approval by Karma.

TOKEN GENERATION EVENT STRUCTURE (TGE)

Accept: BTC / ETH / EOS / USD (T) All crypto received via Changelly.
Symbol: Karma International Token (KIT)
Token Supply: 1,000,000,000 KIT
Price / Token: $ 0.0706 …
Token Sale Cap: $ 25,000,000
STACK TECHNOLOGY

TOKEN DISTRIBUTION MODEL