Topic: ⚡█[ANN] ⚡█[Token Sale 29 November] █⚡KARMA. Economy of Trust⚡█ (Read 7059 times)

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

Karma 2018.Q4 Financial Report
You can see all data in comfortable Google Spreadsheet view.
Here are some key points: https://medium.com/karmared/karma-2018-q4-financial-report-cc50d19f1ddb.

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?

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

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

Karma is listed on Hitbtc   

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

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.

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

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

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

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.

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

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. 

@LondonLemonade

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

https://bitcointalksearch.org/topic/m.28150611

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

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

Open Ledger failed to load too 

good !!!


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

https://openledger.io/

Same here!

I called it.