KARMA - SMART COMMUNITY NETWORK

HALLO DEAR ALL COMMUNITY.

The Karma Community Network - Software as a Service (SaaS) Platform will enable all different types of organizations to communicate, organize communications, financial management, event ticketing, donation management and voting.
Given the era of decentralization, Karma's mission is to provide the Karma Community Network Software Platform and Karma International Token (KIT) to bridge the gap and empower membership based around the world community including:

Physical Membership Organizations (such as Country Clubs or Golf Clubs)
Virtual Membership Organizations (such as University Alumni Chapters & Business Groups)
Non-profit Organizations which lack operational backbone (CRM, ERP, Analytics, etc.)

This will create opportunities and developers of Karma, the value proposition of the platform will increase due to the network effect.

Established in 2005, Karma International a membership organization, has a mission of connecting exceptional and inspirational socially experimental events, business networking summits, social gatherings, and international excursions.

THE KARMA SOLUTION

In 2014 Karma International took the initiative and resolved to develop a new internal platform, what ultimately became the Karma Member Lounge (KML). The KML is designed from Karma International's expanded and anticipated business models. The KML has become a powerful and multi-faceted platform that has benefited from many years of industry experience, significant investment, R & D, and dedicated and organized software development efforts. The KML has been a true labor of love for Karma International and fulfills its mandate of providing its members with the best possible experience.
Karma International has been and will always be focused on providing value back to the community, towards those organizations most in need. It has contributed to the nonprofit efforts over the years and is engaged in charitable and community efforts.

Our new offering, Karma Community Network (KCN), continues and massively scales this vision, representing the distributed, blockchain technology based, tokenized, secured and scalable reimagining of the original KML - made available to any membership-based organization.

Economics and Functional Specifications
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 be the foundation for all capabilities within Karma. All operations within the Karma Community Network software platform are executed with its internal
digital currency the token KIT, an ERC223 token. This ensures security and prevents unauthorized human intervention in the processes.

KIT will become more valuable and offer more utility as Karma continues to grow in the following ways:
1. Member Organizations will use it to advance their vision and purpose
2. Individual Members can take advantage of KIT to purchase and sell items or services
3. KIT Holders can use Consensus to vote on relevant items
4. Development and Marketplace Partners can use KIT to build their applications and reach completely different audiences for their offerings KIT tokens can be used in the Karma Community Network platform in the following ways:
1. Membership
2. Organization and chapter governance
3. Event ticketing
4. Donations and crowdfunding
5. Karma platform

6. Other uses as created by network.

Membership

The KIT token shall be used to support organization membership through dues, regular

fees or costs to join. This transaction will flow between the individual members and the client organization. The client organization will determine:

1. The frequency of the membership price (one time, annually, monthly, etc.);

2. The cost in KIT;

3. If the dues / fees can be refunded;

4. Exclusivity of the organization (open to the public, or limited);

5. Any personal information requested of the member.

Organization and Chapter Governance

The KIT token shall be used to enable organizations and organizations to contribute to the governance of their organization. Client organizations will be able to create smart contracts for members to vote on changes or leadership. Client organizations will determine:

1. The issue being voted on;

2. The possible outcomes for the proposition;

3. If each member gets one vote or multiple;

4. If vote impact is based on stake in KIT tokens or not;

5. If members are to rank their preferences or not;

6. The length of the voting period;

7. If there is a cost to vote or not.

Event Ticketing

The KIT token shall be used to sell tickets for organization events. Each event will have a discrete event smart contract. Client organizations wanting to host an event will determine:

1. The date of the event, which will also be the date the smart contract is terminated;

2. The cost in KIT to attend the event;

3. If the event is recurring;

4. A description of the event;

5. Any third parties within the Karma network who will receive an honorarium, nonprofit who will receive a donation and the amount of the total will be to the parties;

6. Number of tickets available;

7. If the event is private to members only or public;

8. If the members can purchase more than one ticket;

9. If tickets are transferable;

10. If refunds are available;

11. Any personal information about the purchaser.

Donations and Crowdfunding

The KIT token can be used for internal donations and crowdfunding of organization initiatives. Organizations will determine:

1. Description of the fundraise or crowdfund;

2. Fundraising goal;

3. Length of time the fundraise will last.

TOKEN SALE

The Karma International project plans to attract investments via the Initial Coin Offering (ICO) method, by issuing 1,250,000,000 KIT, ERC223 tokens. We intend to issue 42.2% of the tokens as part of the token sale. The rest will be held back in order to facilitate the growth of the community. The token will be issued with a smart contract written in the Solidity language. The principle of open and transparent funds distribution will be observed. All transactions will be shown in the smart contract. Maximum target figures for attracted funds during the ICO is an equivalent to $ 20 million. The tokens can be purchased with Bitcoin (BTC), BitcoinCash (BCC), Litecoin (LTC), Ethereum (ETH). We will be issuing 1,250,000,000 KIT tokens at a starting price of $ 0.0706 USD per token. The token sale will offer incrementally decreasing discounts on the price of the token over stages as outlined in the diagram.

The token purchases will be made using BTC, ETH and EOS. All other Altcoins will be converted into BTC through Changelly or similar.