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Karma, when properly understood,
is just the mechanics
through which consciousness manifests.
IMPORTANT DISCLAIMER - PLEASE READ
This document (also referred to herein as a white paper) introduces Karma,
a blockchain-based solution for creating, managing and growing member
communities of various sizes, across multiple use-cases.
This document is distributed publically solely for the purpose of announcing the
Karma project, its development goals as we currently understand them (subject to
change), and to solicit comments from the developer community. It is not intended
to serve as a binding commitment or contract. This document is not an offer of
tokens (whether they are deemed securities or otherwise), or a solicitation of an
offer to purchase tokens. All statements contained herein are qualified as subject
to applicable law.
Karma is inspired by systems previously built and operated by Karma International,
LLC (Karma International). Those syste...
Terminology and Acronyms
The Karma Solution
Executive Officers 3
Dylan Marer 3
Michael Costache 4
Greg Marer 5
Blockchain Architects 6
Legal Advisors 7
Event Marketing 9
Strategic Karma Advisors 9
Revenue Streams 12
Karma Operational Costs 12
Customer Verticals 12
Social Impact - Karma Community Grant
Karma’s Prospective Customer Base
DApp Design 14
OffChain Stack 15
The Karma Protocol
Protocol vs Token 16
KIT Token Utility 16
Tokenizing the Sharing Economy (Karma Exchange)
Reaching Consensus 16
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.
Karma is a bold initiative which leverages the power of decentralization
and blockchain technology to empower membership-based
organizations around the world
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: allowin...
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 o...
Karma will also enable organization-to-organization (and organization to Community
Developer) communications, financial management, donating and voting. This will
create opportunities and create value on an unprecedented scale. As more and more
organizations and Community Developers adopt Karma, the value proposition of the
platform (and the related KIT token) will itself increase due to the network effect.
Karma will be adaptable and extensible, meaning that it can be tailored to the diverse
and evolving needs of membership organizations worldwide. In order to achieve success
at velocity, we will leverage:
1. the knowledge we have gained from building, operating and managing a highly
successful community network (KML),
2. the expertise and skills of our blockchain development team,
3. the guidance of our advisors, and
4. the valued input of the growing Karma Community.
Chairman / CEO
[email protected] <...
Mike never liked being put in a box so he spent the last 20
years as an entrepreneur, investment banker, author, professor,
speaker, angel investor and fundraiser for various charities.
Currently, Mike is the President of Karma, the world’s first
decentralized Smart Community Network, using the Karma
Protocol and Karma International Token (KIT) to empower
Mike is a Managing Partner at KrowdMentor, a strategic investment and advisory firm
empowering blockchain startups, funds and entrepreneurs to reach their funding and
liquidity goals. Mike is also the founder of the Blockchain Investors Consortium (BIC) and
serves on the Advisory Board of Token-as-a-Service (TaaS), the first ever tokenized closed-
end fund dedicated to investments in blockchain assets.
Since 2011, Mike is a member of Tech Coast Angels (TCA), a network of 330 angel investors
in Southern California who have investe...
Vice President of Operations
Mr. Marer spent the last thirty-eight years excelling in all
facets of the event production and hospitality industries
and has developed extensive knowledge and experience in
business administration and management. Having graduated
from the Century School of Culinary Arts, Greg is an
accomplished chef who has held numerous positions as
an Executive Chef and General Manager for many well-known upscale restaurants and
executive dining management firms.
Vice President of Membership
Robert has been an entrepreneur and business leader all
his life. In his 20s, he successfully ran organizations in retail,
manufacturing, and telecommunications. Later in his career,
Robert joined the corporate world and worked in the resort
development business for over ten years and successfully built
top-performing sales teams around the United States. Robert ...
Ioana has found the perfect balance in life by combining
her vocation of creating comprehensive software with her
avocation of addressing the world’s humanitarian needs.
She loves taking up challenges while developing and growing
innovative projects into real-life products.
Currently, Ioana serves as COO of KrowdMentor, a strategic
investment and advisory firm empowering blockchain investors, funds, startups and
entrepreneurs to reach their goals. Her expertise is token design and white paper
creation, having worked on multiple successful Initial Coin Offerings.
Dan is an experienced tech entrepreneur, cryptocurrency
enthusiast and a blockchain developer implementing smart
contracts applications on Ethereum for numerous ventures
raising capital through Initial Coin Offerings.
Currently, Dan serves as the CTO of KrowdMentor, a strategic
October 10, 2017
Pre - Token generation event
October 21, 2017
Token generation event start
October 31 2017
Token generation event end
November 14, 2017
November 14, 2017
Launch KIT holder community (DAO)
Graduate Karma capabilities
Open Karma for public use