KARMA-World’s first Decentralized Smart Community Network

What is Karma?

Karma is a next-generation solution that appeals to a wide array of membership organizations, including nonprofits working for the good of the world. Our highest value is supporting these efforts. The Karma Community Grant is a collectively-operated, publicly-audited program created to jump-start a qualifying community within Karma. Funding will be directed to the Developer Community through the Community Grant for the purpose of supporting the growth and success of nonprofits seeking to serve the public good. This program will become instrumental in allocating critical assistance and providing technology and business support to any Community or Development Partner. They can use the tokens to integrate and build within our Karma infrastructure. The Program will be completely administered by the KIT Holders, through consensus reached in the DAO.

Karma’s prospective customer base is comprised of organizations operating or logging to create their own community networks. We are focusing our efforts on providing Modules which will deliver the greatest benefits to the four types of prospective customers described below. Once the Marketplace is launched, the Consensus mechanism will drive the direction of Karma’s capabilities via Module development.

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.

Value of Kit

This allows members to consume their KIT in order to purchase value-added services within Karma. These services will include, amongst other capabilities :

Pay for Community Membership and associated costs
Purchase Goods and Services provided by a Community
Contribute to a Worthwhile Cause
Buying support and access to assistance from Karma or relevant support teams
Paying for development services of these Modules (Marketplace)
Paying for usage of modules (which are distributed through the Karma Marketplace)
Paying for resource usage within the infrastructure (processing, bandwidth or storage)

We will be generating a custom ERC223 token (the successor to the ERC20 token standard) with eighteen digits after the decimal point and the ticker symbol KIT. This will become the foundation for all capabilities within Karma.

KIT will become more valuable and offer more utility as Karma continues to grow in the following ways :

Member Organizations will use it to advance their vision and purpose
Individual Members can take advantage of KIT to purchase and sell items or services
KIT Holders can use Consensus to vote on relevant items
Development and Marketplace Partners can use KIT to build their applications and reach completely different audiences for their offerings

System services

Karma also builds the Geth service system which is a versatile tool that can run the system in the blockchain ethereum network in full. Connected in Truffel which is a development environment or asset line for ethereum. With three main memberships as follows:

Organization of physical membership (eg country club membership)

Virtual membership organizations (such as university alumni branches) Nonprofit organizations that do not have operational backbone (CRM, ERP, Analytics, etc.)

Each member of Karma is a successful and high-achieving person who shows his dedication to the philanthropy, the preservation of the environment, and the prosperity of the world with a noble goal that has good integrity and morals and has a deep sense of personal responsibility and sense of responsibility.

“I can not imagine how great the last half-decade difference of my life would be if I were not a member of Karma, the relationships I had built, the deals I had closed, the work I had created, my experience and the whole feeling I had learned that whatever all I need is a phone call, literally very valuable. “ — Dan Fleyshman CEO & Founder, Celebvidy.

At Karma International Karma members have exclusive access to all Karma parties including Karma Socials, Themed Parties, and all Maxim events produced by Karma. check here https://www.karmainternational.com/ or if you want to be interested in becoming a member please visit the following link https://www.karmainternational.com/app.