Karma is a decentralized application built on EOSIO. It is designed to incentivize users to do good in the world and receive KARMA for helping out mankind. Within Karma, users will be able to up-vote other users posts，which is similar to a “like” on conventional social media and will give the content creator feedback as to what type of content others respond to positively. Users can also downvote posts/events that they feel are most likely spam, abuse or did not actually take place. On every Karma post，users will have the ability to comment and share their thoughts, and also can share their posts onto other existing social media platforms.
Up-Vote:within KARMA, users will be able to up-vote other users posts. Similar to a “like” on conventional social media, this will give the content creator feedback as to what type of content others respond to positively. Up-votes within KARMA are not only likes. They are also a users way to cast a vote as to where KARMA in the reward pool is to be allocated to content creators.
Downvote:the downvote is a tool for community self-regulation on posts & users who are attempting to game the ecosystem. Users can downvote posts/events that they feel are most likely spam, abuse or did not actually take place.
Comment:on every KARMA post, users will have the ability to comment and share their thoughts.
Share:within KARMA users will be able to share their posts onto other existing social media platforms. This will drive exposure & awareness to a users individual KARMA post and the KARMA ecosystem as a whole and also will encourage new users to join the KARMA platform.
Categories:initially, KARMA will launch with several categories, which allow users to filter the types of posts that they’d like to see, relative to their interest.
User Profile: users will be able to upload profile photos, their age and one other awesome thing about themselves.
In-App Wallet: within the KARMA application, users will be able to send & receive KARMA. Also, users can store their KARMA within their mobile wallet.
Support KARMA Post: Photos & Videos.
Preventing Abuse: users will be able to report a profile as spam/inappropriate if they feel that it is most likely the case. When a user is reported as spam/inappropriate 3 times, their ability to post will be frozen temporarily. Their account will then be reviewed utilizing KARMA arbitration to determine the accuracy of the reports. If after arbitration runs its course and a user is found to have abused the rules of the platform intentionally, they will lose their ability indefinitely to post new KARMA posts on that account.
The Karma core team has extensive experience in social media marketing and software development. Founder Dallas Rushing is currently the founder and CEO of social media marketing company MegaTakeoff Marketing. The team members also include several experienced developers. There are two consultants, namely Nathan James, founder of Scatter and Michael Yeates from eosDAC. Dallas Rushing-Founder Dallas is founder of MegaTakeoff Marketing and operates a YouTube channel about blockchain. He is also advisor on multiple blockchain projects. Matthew Spataro-Co-founder Matthew is founder of multiple software projects and a blockchain enthusiast. Nathan Rempel-Blockchain Developer Nathan is an experienced system engineer. He is also a smart contract developer and partner at Genereos, an Australian EOS block producer candidate. Dallas Johnson-IOS Developer Dallas is a developer with extensive experience working in the tech hubs of London and Melbourne. His focus has been in mobile banking – particularly in reducing the friction between security and usability on the iOS platform. John Williamson-Full Stack Developer John is experienced in React and Node.js with a focus on EOSIO smart contract development and integration. Corvin Meyer A.D.Heide- Full Stack Developer Corvin is an experienced developer at European Data Privacy Consultancy. He has over 5 years of experience as a full stack developer. Consultants: Nathan James, founder of Scatter Michael Yeates from eosDAC
On December 21 at 23:00, the KARMA official version will be released . Users need an EOS account and private key to create an account to get started with the KARMA app. KARMA is currently stepping up integration with EOS wallets such as TokenPocket and Meet.ONE. Once completed, the KARMA application will be available without the need to provide an EOS private key.
On Oct 12th, 2018, Karma announced to be listed on BancorX, a decentralized cross-blockchain liquidity network that will be launched by bancor and will support both Ethereum and EOS.
Starting from Sep 10, 2018, 30 million KARMA will be dispersed as rewards from staking for early supporters. The 30 million KARMA tokens will be spread throughout a period of 30 days. Daily KARMA inflation is at 5% per year. There will be 1,297,140 KARMA produced each day.
On July 20th, 2018, Karma listed on Chaince.
2018 Q2,Karma is born; core developers join Karma; initial wireframes & mockups are finalized; Karma token creation; EOSIO genesis block snapshot; First code development to github repository; present Karma at the Tulip Conference in San Francisco.
2018 Q3,airdrop to EOS holders; listing Karma on exchanges; Identify Karma ambassadors; Release minimum viable product (MVP).
2018 Q4 ,Business partners integration.