Quote from: FROSTDD on August 14, 2017, 11:15:03 AM

1. Can you explain to me why the token will grow up in the future if I buy it now?
2. What guarantees for investors?
3. What is your model of scalability for the project?
4. How much money do you plan to spend and for what?

Thank you.

1. We cannot give any obligations on token price growth, it's illegal and not fair

We only can provide the info about the fundamental factors of price changes:
a. Execution of our roadmap obligations.
b. Regular product updates.
c. Rational fund spending and investing.
d. Active people involvement.

2. On guarantees for token owners:
a. Pre-ITO-backers will have an opportunity to send their KRMP presale tokens to the smart-contract at November 2017. And the smart-contract will send back 5 new KRM tokens on each 1 KRMP.
b. Karma is a non-profit, so we are obligated to allocate all the net profit between several funds:
-- Mututal Aid Insurance Fund for partial compensation of in-system investors on borrowers' defaults.
-- Fund for providing loan liquidity inside the ecosystem.
-- Endowment-fund for team self-sufficiency. We will not spend the fund but will spend only the interest rate. The investment instruments for this fund will be very conservative.
-- Token buyback.

3. We will scale the project by creating local communities across the globe. The more local partners we will involve, the faster the project will be developed.

4. The money allocation is described on the website and in presentation.
pre-ITO funds distribution:
Product development:
20k USD: blockchain-architect, teamlead.
40k: team from 3 devs and 2 QA for 3 months.
15k: project management.

Marketing:
40k: prepayment for promotion partner for ITO international marketing campaign:
60k: content translation, publications, transfers, conferences, partners involvement.

Lawyers:
25k for consulting and organisation registration.

Financials:
150k: fund for investing in first p2p-loans inside the platform.
100k: mutual aid insurance fund.
50k: risk-management, endowment-fund for project development, bounties.

ITO funds distribution:
50% product development,
20% conservative endowment fund,
15% marketing and PR,
5% bounties for active community members,
5% founders, 1-year vesting,
5% lawyers.