Tuesday, October 17, 2017

Karma - World's First Decentralized Smart Community Network

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 at 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.

Revenue Streams 
The current revenue streams are based on adoption of Karma by membership organizations, using KIT to power the capabilities provided by Karma. KIT will be used for all system capabilities, including:

  1. On-going Karma Infrastructure usage fees (Operational Costs);
  2. Fees for intra-organizational payments (membership payments, purchases, Karma Exchange, Module acquisition, etc.); 
  3. Service fees for Karma Business, Technology or Outreach services; 
  4. Tiered usage fees for bandwidth, storage and processing power. 

Karma Operational Costs
The right to operate a Karma Instance will be available to all KIT holders. This is subject to using KIT for any type of payment, exchange and consensus reaching

The revenue streams outlined above will cover Karma’s Operational Costs and the maintenance of its underlying infrastructure. The fees will be apportioned in accordance with each Karma Instance’s size and infrastructure requirements and will also decrease with widespread adoption.

Out of the $25 million raised in the Token Generation Event (TGE), $10 million will be allocated towards the development of the Core Modules and the Marketplace. Each Karma Instance will have two options with respect to Module selection:

  1. Previously Developed Modules
    • Core Modules - will be delivered upon the creation of each Karma Instance and can enabled and disabled by the each such Instance;
    • Marketplace - the virtual location where Custom Modules developed by the Community Developers may be acquired by Karma Instances.
  2. Request Custom Module Development
    • May apply for Community Grant
    • May retain the services of a developer from the Developer Community

Module Admission
The Token Holder Community will be responsible for accepting any new or updated Modules within its network, based on the Consensus mechanism enforce by the DAO. Quality, performance and reliability guidelines will be enforced for any new admission, to ensure the Marketplace is only composed of excellent modules.

Module Management 
Community Developers will have the ability to define exactly how their KIT-based pricing works. This promotes a healthy, self-regulated application eco-system where high-quality modules will be able to build a sustainable business model. Acquisition Costs will be subsidized, using Consensus, from the initial TGE allocation for Research & Development, providing most of our capabilities at no cost for Communities.

More Info : 
Website : https://tge.karmainternational.com/
Whitepaper : https://tge.karmainternational.com/documents/karma_whitepaper.pdf
Facebook : https://www.facebook.com/karmaintl/
Twitter : https://twitter.com/KarmaIntl
Telegram : https://t.me/karmatge
Ann  : https://bitcointalk.org/index.php?topic=2270955

Author : mriansa
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