KYC passing required Yes | Whitelist No | Restriction for countries No
|Tokens for sale||27,000,000|
|Token distribution in ICO||
|Price||1 KARUNA = 0.90 USD|
|Acceppting||ETH, BTC, LTC, BTH|
Karuna Network search trends in Google
This white paper prepared by Karuna is for elaboration, description and for informational
purposes only, and is not an offer or a solicitation to buy or sell any securities or to invest in any
ﬁnancial instruments. The Membership on the Karuna platform is a consumptive use product
permitting access to the services provided by the donation platform, as detailed above. Mem
berships are not intended for speculation and afford the holder no rights in, or claims to, any of
the assets of Karuna or to in any way share in any proﬁts that the platform may achieve.
Interested parties acknowledge agreeing to the Consent to Use Electronic Records,
subject to change and must be accompanied by the previously agreed to document,
which remains in effect regardless of purchase decisions. This Whitepaper describes the
current plan and vision for the Karuna donation platform. While we inte...
The global non-proﬁt sector today is a multi-trillion dollar market, however the dona
tion process has several inefﬁciencies due to which the donors lack conﬁdence in the
systems and processes involved. Due to several players acting as middlemen, the
chances of misappropriation of funds and corruption happening at various levels of the
money transfer process are extremely high. Also, the systems adopted by existing chari
ties and non-proﬁts to be audited by third party auditors, are also operationally inefﬁ
cient, inaccurate and contain signiﬁcant chances of corruption. Due to these reasons,
donors often refuse to donate to social causes even though they are passionate about
making a difference in society, but ﬁnd it difﬁcult to trust the system.
Karuna seeks to be a decentralized, transparent and peer to peer social platform built
on the Ethereum blockchain, for social and economic development of communities in ...
Karuna platform will follow the best practice, policies and procedures intended to
ensure legal and regulatory compliance. Every member shall comply with the AML and
KYC form with respect to the global standards.
The platform will generate revenue from two primary sources – by charging a minimal
fee from membership and user registration and by charging a monthly fee from all donors
and organizations registered on the platform, to stay subscribed to the platform.
Karuna is a decentralized, transparent and peer-to-peer social platform built on the
Ethereum blockchain, for social and economic empowerment. Karuna is a membership
based platform that connects Non-Governmental Organizations (NGOs) with donors who
wish to donate to the NGOs to make a social and economic change. Karuna is a block
chain based platform where any NGO can register their organization/project to receive
donations and any persons from across the globe can register to donate to a cause of
their choice. All transactions on Karuna happen using the platform’s ERC 20 token -
To encourage social and noble causes in society
Development of Hospitals and Healthcare Centers
Development of Educational Institutions
Improve standard of living for the backward sections of society
Help overcome poverty
Address the safety, security and well-being of society
BACKGROUND - PROBLEMS
B. Ethereum platform
- ethereum is a blockchain powered platform that extends the
feature of the technology underlying Bitcoin, to be used for developing smart applica
tions that would be distributed over the network of computers powering the ethereum
blockchain. These apps are called Distributed Apps or DAPPS and Ethereum today is the
world’s most widely adopted DAPPS development platform.
C. Smart contracts
- smart contracts are contracts written on a platform such as Ethe-
reum, where there need not exist a third party to ensure the successful execution of a
mutual agreement or a contract between two parties. Smart contracts allow two parties
to transact between each other based on certain terms of agreement, without the need
of a mediating third party.
D. ERC 20 tokens
- where ERC stands for “Ethereum Request for Comments” is the
ofﬁcial protocol for making suggestions to improve Ethereum. Hence any new cryptocur
As described above, the key requirement to increase conﬁdence among donors is to
create a system that is reliable, effective and foolproof. Karuna offers a blockchain pow
ered donation platform that utilizes smart contracts to ensure that all donations made
through the platform are completely transparent and veriﬁable.
Karuna helps NGOs and other organizations seeking donations to run donation cam
paigns transparently, using smart contracts, ensuring all transaction details are inde-
pendently veriﬁable. Karuna incentivizes organizations to be more transparent, to enable
them to raise the funds they need. With the underlying platform running on the ethereum
blockchain, Karuna platform offers the following technological beneﬁts to its users:
- all records can be veriﬁed by anyone auditing the system. Any
misappropriation of funds would be virtually impossible over the Karuna network.
The most signiﬁcant advantage of the Karuna system is that the release of additional
funds collected by donation can be tied to the actual impact of the NGO or donation
accepting organization. Only if the funds have been utilized or transferred by the organi
zation to the rightful recipients, the smart contract may authorize the release of addition-
al funds. As mentioned above, with unparalleled transparency and reliability, Karuna
platform would offer to the non-proﬁt and donation industry a state of the art blockchain
solution that will instill conﬁdence among donors to contribute towards their causes, at
the same time provide a control and monitoring tool over their donated funds at a level
that the legacy systems simply cannot provide.
The graphic above depicts the Karuna ecosystem, involving all the key stakeholders.
Karuna is a platform built on top of the Ethereum blockchain, using Karuna tokens as the
fuel for the platform. The platform utilizes various smart contracts to manage funds and
transactions of donors and the receiving organizations.
Karuna platform will offer its users a user friendly interface, including integration of one
or more exchanges to instantly convert other cryptocurrencies to Karuna token and use on
In order to take part in the Karuna platform, organizations need to go through an initial
sign up and veriﬁcation process to set up their accounts on the platform. This is to ensure
that all NGOs and other organizations seeking funds through the platform are veriﬁed with
background checks, to conﬁrm their identities.
Karuna Network Roadmap
10th Jan 2018
Whitepaper Version 1.0.
20th Jan 2018
Completion of Legal Formalities.
25th Jan 2018
Press Release Distribution.
29th Jan - 07th Feb 2018
Close Group TGE Sale Starts.
16th Feb - 15th Mar 2018
Pre TGE Sale.
20th Mar - 05th May 2018
Jun - Aug 2018
Post TGE Development.
Listing on Reputed Exchanges.
Karuna Platform Beta Version.
Testing & Opening of Karuna Platform.
Investment, construction and development of education projects for slow and developing countries.
Invest in and develop international standard hospital projects with Karuna Network's fee model, targeting low-income clients.
2022 - 2025
Researching, investing and building the social safety net for the Karuna Network, referenced in the model of the Kingdom of Denmark.