Karma. Weekly Report 23–29.Oct

Hello, dear friends!
Here's our traditional weekly report.

What we've done

5.7M USD raised in whitelist orders

We've only started our PR&Marketing campaign and have almost month untill token sale, so the whitelist growth speed is quite good. Also, we have started negotiations with 3 new crypto funds and they feel determined enough.

PR & Marketing

We've published the SMEs Dismissed by Banks, Beginning of the Era of P2P Finance article at Cointelegraph.

And much more:


We've met Civic guys at Money 20/20 conference at Las Vegas, US.

Serge D (CBDO USA, Karma), Vivek Kasarabada (Head of ICO Integrations, Civic)

They were very clear and concrete, so we've started negotiations on Civic KYC protocol integration with Karma platform.

Global Fintech&Blockchain Summit

Karma — Best Social Impact Blockchain Project Award from Shanghai Global Fintech & Blockchain Industry Awards 2017

George Goognin visited Shanghai and pitched Karma at the Global Fintech & Blockchain Industry Awards 2017. Jury loved the project and Karma winned first prize in Social Impact nomination. Cheers! Also, we've met our Chinese community early birds and discussed the details of the Asian market and community management.

New Korean Website

Our Korean community is constantly growing and very interested in Karma. So we've found one loyal KAKAO friend and he delivered the super-accurate English-Korean translation, considering all the nuances of the crypto-lexicon. Thanks a lot, dear friend! 
https://tokensale.karma.red/kr/ — 즐겨 ㅋㅋㅋ

Console blockchain testing started

We've finally got all our methods done in blockchain, now we're testing the console version and connecting more frontend UI to the blockchain API.

Legal framework updates

Netherlands-based legal structure becoming more and more expensive in money and time spendings, so we've decided to register our non-profit fund in Cyprus to meet the timeline. Agile legal management in the house.

What we’ve spent

  • 13.7k USD—Press releases, articles, PR&Marketing.
  • 10.8k USD — conferences, air tickets, hotels and logistics in China, US and Moscow.
  • 6k USD — last payments for video production and translation.
  • 0.3k USD—hosting, polygraphy.
  • 1.7k USD — management salaries.

What’s the plan for the next week

  • New partnerships.
  • New articles about our project in press.
  • Several meetings with funds representatives.
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