Bitcoin Forum

https://i.imgur.com/IlKqNNy.jpg (http://karma.red)
https://i.imgur.com/kEEeYYF.jpg (http://karma.red)
https://i.imgur.com/IJHl9hU.jpg (https://www.dropbox.com/s/kh5msm3v2ehkpus/Karma.%20Blockchain%20p2p-lending%20protocol.%20v.5.5%20EN.pdf?dl=0&raw=1)
https://i.imgur.com/3onImef.jpg (http://karma.red)
https://i.imgur.com/CINLK2T.jpg (http://karma.red)
https://i.imgur.com/cIoIhuR.jpg (http://karma.red)
https://i.imgur.com/92cmKaU.jpg (http://karma.red)
https://i.imgur.com/a90PhPh.jpg (http://karma.red)
https://i.imgur.com/UKoBbzI.jpg (http://karma.red)
https://i.imgur.com/laroXM8.jpg (http://karma.red)
https://i.imgur.com/32U53TW.jpg (http://karma.red)
https://i.imgur.com/F2nli70.jpg (https://karma.red/#contact)
https://i.imgur.com/CiAz6b2.jpg (https://www.dropbox.com/s/kh5msm3v2ehkpus/Karma.%20Blockchain%20p2p-lending%20protocol.%20v.5.5%20EN.pdf?dl=0&raw=1)
https://i.imgur.com/QwO655V.jpg (https://medium.com/@karma.project)
https://i.imgur.com/hGcrnbs.jpg (https://github.com/goognin/karma)
https://i.imgur.com/uMO0thW.jpg (https://twitter.com/KarmaBlockchain)
https://i.imgur.com/NVOrUyL.jpg (https://www.facebook.com/karma.blockchain/)
https://i.imgur.com/MrMJWlS.jpg (https://t.me/karmaproject)

I really like this idea!
Do you have bounty program?

Let me know about it more, please

Yes, we'll pay the bloggers with tokens for blog posts.

Also volunteers are welcome for:
- Russian to English translation
- Participating in project as a local ambassadors for creating branches like we've already made in Russia, Ghana, Sierra Leone, Botswana and now negotiating with Netherlands, UK and Singapore.

Please, let me know if you see any other types of bounty actions.

Thanks for your support :)

1. Can you explain to me why the token will grow up in the future if I buy it now?
2. What guarantees for investors?
3. What is your model of scalability for the project?
4. How much money do you plan to spend and for what?

Thank you.

1. We cannot give any obligations on token price growth, it's illegal and not fair :)
We only can provide the info about the fundamental factors of price changes:
a. Execution of our roadmap obligations.
b. Regular product updates.
c. Rational fund spending and investing.
d. Active people involvement.

2. On guarantees for token owners:
a. Pre-ITO-backers will have an opportunity to send their KRMP presale tokens to the smart-contract at November 2017. And the smart-contract will send back 5 new KRM tokens on each 1 KRMP.
b. Karma is a non-profit, so we are obligated to allocate all the net profit between several funds:
-- Mututal Aid Insurance Fund for partial compensation of in-system investors on borrowers' defaults.
-- Fund for providing loan liquidity inside the ecosystem.
-- Endowment-fund for team self-sufficiency. We will not spend the fund but will spend only the interest rate. The investment instruments for this fund will be very conservative.
-- Token buyback.

3. We will scale the project by creating local communities across the globe. The more local partners we will involve, the faster the project will be developed.

4. The money allocation is described on the website and in presentation.
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.

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.

it is a great project and the high price for the pre-ICO.. it reach 100USD per KRM.. so, how the rate on the exchange market??

Dear visionE2, thanks for the positive project evaluation!

KRMP and KRM tokens both have decimals, so you can buy on less than 100 USD.
After the ITO in November 2017 initial token price on the exchange market will be defined by the first matched bid+ask. So I couldn't imagine the exact price at that point :)

This is a good project, and the blockchain is still very good for P2P. It is a good idea to reduce management risk, simplify operation and improve efficiency.

Dear akai, thanks for the positive evaluation :)
Yes, we are already doing p2p-lending in offline and online (without blockchain) since 2014, and have very positive experience.

Dear friends, the pre-ITO started, we've got 72k of 500k, and there's 40k pending in BTC transactions (converting to ETH).

Feel free to participate, because at the ITO we'll swap pre-ITO tokens to ITO-tokens 1 to 5.
And also: yesterday we've signed the contract with Open Ledger and they will be our promotion partner for both pre-ITO and ITO :)

If you have any questions — feel free to ask in Telegram:
https://t.me/karmaproject — Russian
https://t.me/karmaprojecten — English

How can I see my token balance?

It depends on which wallet you have used to buy tokens.

Jaxx. I sent $2000 in ETH.

1. You can login via your private key at http://myetherwallet.com/ (keep calm, they don't hold your keys). Then push the Add Custom Token button rightside.

2. If don't want to use your private key outside the Jaxx, you can ask us gently, and we'll check your token balance via smart contract method and send you a screenshot.

[quote

Community members can offer any loan conditions: with collateral or without it, with interest rate or without it, with mandatory repayment or without it

[/quote]

What would happen if community member fails to repay his loan?
Your p2p system does not gurantee repayments of loans at all?

What would happen if community member fails to repay his loan?
Your p2p system does not gurantee repayments of loans at all?

[/quote]


Dear alteracoin:

What If The Loan Will Not Be Repayed? Answer for one of the most popular question
— Mutual responsibility: in case of loan default the reputation and deposit goes down for each participant of the transaction. In case of success — they both goes up.
— Every loan is an e-contract having a legal force.
— The network of the p2p-insrurers provides the insurance. Also, the Karma itself moves
some part of the income to the global mutual insurance fund.
— The network of the local p2p-agents can help to rebuy the loan.
— Open API for connecting the thousands of scoring parameters.
— Recommendations for creating maximum diversified investments portfolios.
— Gentle involvement of the new community members via existing solid professional or local
communities.
— Karma itself moves part of the income to the Mutual Aid Fund to cover some losses of the
community members.
— Karma has the «social delegate» role for offline check of new members (like in AriBnB).

Also there's positive track record:
97% Repayment rate at the international Kiva platform. 1.6 mil. of people.
8% Late or charged off at Lending club p2p-lending project (US).

An article on Steemit:
https://steemit.com/blockchain/@bloggersclub/karma-the-ultimate-p2p-economic-ecosystem

It's really good idea..
Good Luck

Thanks a lot ;)

At the first glance, just by knowing the name of the coin "Karma" that whats make it a little horrifying. But after reading more then realized that this is just a coins for loan.
Good luck.

Yes, I understand, the Karma word may have lots of translations :)
But one of the key points of our scoring algo will be the users' Karma: how responsible is he? what is his "path" of doing business?

Anyway, thanks for the review :)

Just need to ask few question.
- Has the ICO started/Will you open ICO?
- Will you open some bounty campaigns?

Dear Nggedebus,

There's a presale live now. ITO will be at November, 2017.

We have bounty campaigns for bloggers with lots of subscribers (more than 5000) or for journalists of popular websites.

Our weekly reports for three weeks:
https://medium.com/@karma.project/karma-weekly-report-04-08-sep-2017-c9c39b55e1bd
https://medium.com/@karma.project/karma-weekly-report-11-15-sep-2017-5d329c227fbc
https://medium.com/@karma.project/karma-weekly-report-18-24-sep-2017-1ea50313d052

There is a karma coin and ticker

https://coinmarketcap.com/currencies/karmacoin/

BTT: https://bitcointalk.org/index.php?topic=579973.0

This won't be confusing at all ...

This is another one :)

Karma. Weekly Report 23–29.Oct  :)
5.7M USD raised in whitelist orders

https://medium.com/@karma.project/karma-weekly-report-23-29-oct-40a440a1ba19

this thread announced on August 13 but the tokensale starts on 29 November. it is so long time period for pre-sale. but, looking forwards for this project.

Dear glorybtc,

We've completed the pre-sale in August. Now we've opened the whitelist registration for the main sale that will be 29 Nov.
You can find all info at: https://karma.red/

Have a nice day!

umm.. you might want to have your legal team go through the website again.

For example, the "100% Legal Token Sale" for US citizens language.

I don't know any lawyer that would approve of that. But maybe I need more open-minded lawyers :)

Dear all,

very soon (approximately in 2 weeks) we are going to test our system in a private mode and you are welcome to take part in it.
The preferences we be given to the current top delegates of such chains as Steemit, Golos or Bitshares.

Just let me know if you would like to participate - I'll provide the link as soon as possible.

Thanks in advance

...and then there's the second altcoin to call itself Karma:


with Red Karma the third such coin to bear the name...

(Original Karma is still being traded on Yobit https://yobit.net/en/trade/KARMA/BTC while second Karma is trading on Nove which is about to close its doors... )   ::)

---

Karma Classic only aimed for one thousand million coins, while Red Karma is going for three times that amount:

http://archive.is/Uytj9#selection-3175.0-3179.18

So nice to see such multicultural team on such multicultural project!

Trust is most value that anyone want from each other and don't use the one that already have by himself.

CoinTelegraph about Karma
https://i.imgur.com/l3T2vml.jpg
https://cointelegraph.com/news/smes-dismissed-by-the-banks-beginning-of-the-era-of-p2p-finance (https://cointelegraph.com/news/smes-dismissed-by-the-banks-beginning-of-the-era-of-p2p-finance)

Thank you very much!

what are the bonuses for first-days purchases?

Dear greaseparing!

Whitelist will be split in 2 tiers:
Tier 1: 100k USD and above. Only qualified/accredited investors.
Tier 2: less than 100k USD. Everybody except US residents.

Token sale timing and limits:
Tier 1: November 27, total 5M limit.
Tier 2: November 28, total 5M limit.

Maximum amount to sell in one hands:
for Tier 1: 2M USD
for Tier 2: 0.1M USD
Minimum amount is not set.

Discount levels for each tier:
50% until 0.5M raised
30% until 1.5M raised
15% until 4M raised.

Do you have Twitter bounty?

Hey Karma community,
From now, you have a chance to review this ICO and earn crypto!

We value your opinion and are ready to reward you for it!

We’re now offering all users a chance to review upcoming ICOs on our platform for a chance to earn some crypto. This approach will be helpful for the project team, as they can hear some feedback from the audience  ;)

What you need to know:
—The top 5 reviewers will receive rewards in ETH
—1st place review is selected by ICObazaar (reward=0.1ETH)
—2nd-5th place rewards are given to the reviews with the highest # of upvotes from other users (reward=0.4 ETH, split among the 4 winners proportionally according to # of upvotes)
—Reviewing for upcoming ICOs is open up until the day the ICO launches.

Here’s how it works:
1. Register on icobazaar.com (https://icobazaar.com)
2. Review an upcoming ICO on our platform — reviews are located on every ICO page under upcoming ICOs (https://icobazaar.com/list/upcoming), here is  Karma page (https://icobazaar.com/karma__pre-ico_)
3. Hopefully be one of the top 5 reviewers

See you there !

Who will do the score rating of the lender applicant?  Karma itself?   
How is KARMA compared to SALT &  PAYPIE ?

crossing

...and why has there been just one post (yours) in the week prior to the launch?

Hello, friends.
You can start to exchange your pre-sale Karma tokens on new one. But please, be careful. If you have high amount better to do it in two transactions (first with small amount to be sure that everything is fine, then the rest).
Instructions bellow
https://docs.google.com/document/d/1u53KqcCnef_SVc7q0RTtvgCq4Leieo-eE4hUDJBiW5U/edit#
If you have any questions/problems, please contact t@karma.red

I participated in presale but havent gotten any tokens to exchange?

Can i share the spreadsheet of the Airdrop participants?

I have known Karma for years.
My Investment in their events has seen my brands gain colossal value as well as I have been introduced to business and personal relationships that are priceless.

 Karmas relationships are so valuable that I can’t wait to continue to grow with them in the future.
 They have a vetted world class team. I am very very excited

When the end of the ICO- karma ???

I need more information about karma, please.

 Do it has a bounty group? 8) 8)

Are you in Korea?

I made something for the Korean people about karma.

i dont this so you can join it

Agreement was marked with the token delivery date on November 14th, but I have not received my token yet. When can I get it?

Did you sign that original version of the contract or the second version sent out by Dylan Marer, CEO of Karma?

The development of the project is in full swing. A strong team and a good idea.
When can i receive my token?

I want to know the progress of the project.
How much ETH did you collect up to now?

We had two press releases through which we announced how much we secured from our investors.

we will publish the fourth press release and it will include details about the pre-sale and any other material pieces of news

Can US Persons participate in presale?

The way ICOs were promoted in the recent past was not very healthy and look how many cases of scandal there are now

 how tens of thousands of investors feel lied to and cheated by founders who played to their tune and created FOMO

I would encourage those of you in this group chat to ask questions about Karma based on the White Paper and other materials we produced.

when has that become the only due diligence question when analyzing an investment opportunity?

Has everyone not realized by now that FOMO has run its course of forcing people to throw their crypto at way too many projects with nothing but a nicely packaged PR story?

In case I lend money or token, what guarantee will I have that the debtor will pay me according to the deadline?

I called it.

Same here!

good !!!


https://coinmarketcap.com/currencies/karma/#charts

https://openledger.io/

...and it's falling already...

Open Ledger failed to load too  ::)

Hi dev, what are your long-term plans, you can tell us to know ???

After you've had an Arctic Cold Shower, perhaps you should read this post about the growing ERC20 Scam:

https://bitcointalk.org/index.php?topic=199685.msg28150611#msg28150611

Really looking forward to how this project pans out. The credibility in the team behind it x the idea I can definitely see it hitting milestones. Compared to most of the cryptos out there, this stands out CLEARLY in utility.

I am currently in the midst of making a video explaining why I'm excited for the KRM project also breaking it down for the average Joe to digest.. Would there be a bounty for this?

All the best, look forward to how you guys will change wealth distribution on a global scale. 

;D @LondonLemonade

What prospects at this project in your opinion? Your opinion on future project?

To be honest, this has to be the first non-profit project I come across on BitCoinTalk.
This is pretty cool to see blockchain and cryptocurrency used to do social good.

Indeed, social activity is somehow really good thing to do.
But there are also people that doesn't like to do it.

Был oпыт c пoдoбным вьeтнaмcким пpoeктoм, oпыт пoкaзaл, вcё чтo cвязaнo c кpeдитoвaниeм, oчeнь coмнитeльнo.

HitBTC Is Having Karma Issues


https://i.imgur.com/ibiJJE6.jpg

Karma Group is started a lawsuit process against HitBTC through the Hong Kong court and financial regulator. This major exchange received 527.01 ETH from Karma for the listing services, but has not fulfilled it’s obligations.


Today Karma lawyers started litigation with HitBTC, which is rated 7th among all the crypto exchanges. The following letter before action was sent to the official email addresses and official Hong Kong office address. HitBTC didn’t provided any updates on listing deadlines and haven’t refunded the 527.01 ETH until 29th of May.

https://i.imgur.com/Iq6VbpR.jpg

Background
It’s been 60 days since the 30th of March 2018, when Karma paid 527.01 Ether to the HitBTC Ethereum address from the official invoice #040–03–18 sent by Tim Novak (https://etherscan.io/tx/0x8570546ec7ffbf0f2c7ea41b893b0e2eb0b07ad9c9f3299ec10b84a136e59178)

There were 3 items which were requested by Karma in that service order:

1. Blockchain implementation.

2. Listing of two trading pairs (BTC and ETH) + Re-tweet

3. Additional trading pair (USDT).

At first, HitBTC representatives agreed to complete all the obligations until the April 20th, 2018. Karma provided HitBTC team with all the information about the BTS-based blockchain (non ERC-20). Plus, Karma team notified HitBTC once more on March 29th, 2018 that KRM is not an ERC-20 token.

Karma team have been regularly requesting HitBTC for the status updates during 01–20 April, and HitBTC representatives constantly reported, that the April 20th deadline would be completed. Karma team was constantly offering any technical help, but HitBTC rejected these proposals.

Then, when HitBTC have failed to deliver the work by April 20th, they’ve ceased all communication for 5 days, and then tried to tell Karma team that Karma hadn’t notified HitBTC developers about that KRM is not an ERC-20 token (which is false statement).

Since then HitBTC haven’t provided a new completion date, only vague estimates: “under 12 more than 5” or “should be 10 days”.

Karma team consider these actions made by HitBTC to be fraudulent.

Therefore, Karma lawyers are preparing to initiate legal action against HitBTC and report to the Hong Kong financial regulator.

“The Karma team stands for transparency and a high level of business ethics. The fathers of the crypto economy were standing for freedom, but 100% freedom always comes with 100% responsibility. We're sure that the basic principles violation, especially by the big market players, is unacceptable. That's why we decided to create this international law case.”
George Goognin, Karma Founder
Now Karma together with Hong Kong financial regulator is going to examine the legitimacy of that exchange. The case will be pursued until justice prevails.

HitBTC is a big cryptocurrency exchange from TOP-10.

Karma.red is a blockchain cross-border p2p-lending marketplace and currently traded on decentralized exchanges, OpenLedger and RuDEX. The platform is already working, and 3 companies have got the loans of about $500.000 USD in total volume.

Update: the invoice attached – https://www.dropbox.com/s/gsft65jhhgbsgni/Invs_KRM_Mar_2018.pdf?dl=0 (https://www.dropbox.com/s/gsft65jhhgbsgni/Invs_KRM_Mar_2018.pdf?dl=0)

Good afternoon. I would like to ask a question about the listing. Is there any news from HitBTC and how did this issue come about. I would also like to clarify whether a listing is planned on another major exchange. The project looks interesting and it is now necessary to declare itself, since the volume of trading is now very small.

I once talked about the KARMA project with my crypto friend, until now my friend asked when is this karma token listing in the exchange market

Karma is listed on Hitbtc  :o  :o

Karma and Ink Protocol have teamed up to build an economy of trust


Ink Protocol will be partnering with Karma to help power improved trust in decentralized cross-border P2P loans. With this integration, Karma lenders will be able to leverage the Ink reputation of borrowers to build an even more comprehensive view of a user’s trust, while Ink Protocol users will be able to view a seller’s Karma reputation. Users will also be able to leave Ink Protocol reviews for each other and rate their borrowing experience.
https://medium.com/karmared/karma-and-ink-protocol-have-teamed-up-to-build-an-economy-of-trust-99aa1269efc9

I like the way Karma development is going; slow and steadily evolving and also with the prize in the market.

Good news as they more and more listed on exchanges, currently only requires advertising or promotions to increase trading volume. by the way, how's your issue with HitBtc? is it already finished?

Karma 2018.Q4 Financial Report
You can see all data in comfortable Google Spreadsheet (https://docs.google.com/spreadsheets/d/1jUUAtuwzosDRv3U203dd6N8RXMwJhQ7j-zYrcq1WlIA/edit#gid=1224861749) view.
Here are some key points: https://medium.com/karmared/karma-2018-q4-financial-report-cc50d19f1ddb.

This project will explain very well what has been happening to the world. ;D The name is very nice.