Earnkarma: how blockchain solutions can foster a new world

EarnKarma’s vision is to drive a positive change fostering a world where any act of kindness is celebrated. Let’s find out together how the strategic development of specific blockchain solutions is ideal to give people the opportunity to implement good deeds and social impact projects.

Implementing positive actions is not only a mood to face our everyday life comfortably, but it is also a tool to develop significant transformations at a professional, technological and business level.

But let’s go in order, and let’s start thinking about the assumption that even the simplest of actions can trigger a series of events with ramified and extensive implications.

For example, imagine walking on the street, meeting a person and smiling at him or her.

In this way we establish in this person a sense of joy and camaraderie. Thanks to the feeling aroused by this experience, the individual will be motivated to repay the kindness received, so that later he/she can provide assistance to a colleague, or he/she can address encouraging words to a friend.

Perhaps it seems bizarre to think that such a social construct could also have an influence on technology, or that it could influence the way companies think about their business strategies. But the reality is that every decision made within technology can have unexpected and far-reaching repercussions, not only in the world of technology itself but also within society as a whole.

That is why in today’s world we must be aware of this change, be capable to guide it with the help of blockchain solutions, and be able to leverage decentralized technologies to stimulate significant and lasting improvements and business transformations.

And this is exactly the ultimate goal that EarnKarma wants to realize through its vision: creating a world where good deeds are encouraged and recognized, inspiring the construction of a better future for all.

Blockchain solutions to reward people

Therefore, why are blockchain solutions so ideal for achieving these transformations we talked about?
The innovative Blockchain-based online market developed by EarnKarma fills the gap between individuals looking to make significant contributions and NGOs working for specific causes. With a transparent mechanism based on DAO, the Karma Protocol rewards each contribution with Karma tokens, thus ensuring honesty and symbolizing a tangible measure of goodness.

Let’s find out together some significant strengths of this platform that will help to put into practice the vision we talked about earlier:

1. First of all, when each of us performs a positive action, both at a human and professional level, it is normal to feel the need for it to be recognized. Through blockchain solutions, EarnKarma offers the possibility to evaluate and measure concretely our good deeds through a specific platform.
2. Quite often people decide not to donate because they are afraid that their donations will not reach the right person or organization, and because they do not know where their money is going. EarnKarma aims to eliminate this risk thanks to a decentralized mechanism of onboarding and verification for each NGO/ NPO: after verification, which will take place from time to time on the karma platform, they will receive a KRM certification as a sign of transparency and trust. This way people will know that organizations in possession of this certification are authentic and reliable.
3. EarnKarma enables people not only to donate money, but also simply their time, their skills or their art, in a process of democratization that wants everyone to have the opportunity to earn good deeds and participate in the future change of society.
4. This is not a traditional charity platform, where they ask you to donate money for a specific cause on which you have no power of choice. On the contrary, EarnKarma allows you to personalize your giving experience: you can choose the cause, NGO, or specific projects that suits you best. This level of customization empowers you to support issues that truly matter to you.
5. Thanks to blockchain solutions EarnKarma provide a level of safety and transparency that traditional systems cannot match: funds are distributed through a blockchain-based Smart Contract (in which donors select the percentage they want to commit to their cause) directly to the NGO of your choice. With this advanced technology, you can be confident that your donations are allocated exactly as you intended, with no room for any unauthorized distribution. You can also track the flow of funds by your own and verify that your contribution is reaching the designated NGO. This decentralized approach eliminates any intermediaries and provides a secure and immutable record of transactions.

The power of tokenization

So, as we’ve seen, EarnKarma harnesses the power of blockchain technology to create a platform that “tokenize” good deeds; that is, it rewards individuals for doing good actions encouraging them to contribute to social impact projects.

Through Karma tokens (KRM), the aim is to build a global standard for measuring and recognizing good

deeds and altruistic behavior. The DAO model ensures transparent decision-making and effective allocation of resources towards significant projects.

But how do you earn Karma tokens in concrete terms?

You can get them by donating a portion of your earning via the Karma platform.

For example, if you are an NFT artist, you can sell your artwork on the Karma marketplace and choose what percentage of the sale goes towards specific causes supported by listed NGOs, such as animal rescue or kids education.

Instead, for a doctor, the best option could be donating his/her skills, which means a few hours of medical consultancy. Or, if you are a teacher, educating in your subject. And so on.

In any case, Karma tokens are a real symbol of recognition and appreciation.

You can also share them on social media to inspire others to join the movement, creating a positive ripple effect in society, shaping a world where you are recognized not by your social media following, money or power, but rather by your good deeds and your good karma.

There is a second type of token with different characteristics and purposes: it is the Gold Karma Token (GLDKRM).

While the KRM represent a status, a way of contributing to the change of our Society, Gold Karma tokens are specifically designed to encourage and reward financial investments within the system.

In fact, holders of GLDKRM are entitled to a share of the dividends generated by the DAO, distributed directly in proportion to their symbolic holdings.

These dividends are not distributed continuously, but rather they accumulate over ‘epochs’ of 7 days each. This means that every 7 days, a new epoch begins, and the dividends for that epoch are allocated to the respective token holders.

Notably, a user is eligible to receive dividends from the fourth epoch onwards after they have registered, further incentivizing long-term engagement with the network.

This epoch system makes it possible to create an environment of active participation and constant support within the Karma Protocol network, because participants who stay involved for longer periods have the opportunity to gain the most rewards.

The Gold Karma tokens therefore play a fundamental role in the EarnKarma ecosystem, ensuring its financial sustainability.

Roadmap and future plans of the Karma Protocol

EarnKarma is already dedicating significant resources to foster and grow our community. This includes developing the website and establishing a strong presence on social media platforms such as LinkedIn.

The plans for the next future comprehend:

• an additional fortification of the security for Smart Contracts;
• roll out the Investor Vault and the GLDKRM tokens;
• enhancements to the UI and UX of the platform, with the purpose to ensure a user-friendly, intuitive, and enjoyable experience for all users;
• issuance of the GLDKRM token and introduction of the Invest page;
• launch of the NFT marketplace;
• inauguration of the DAO Web Application with the feature for investors to claim dividends.

In addition, EarnKarma remains focused, flexible and responsive on the rapid technological advancements outside the realm of blockchain, such as the emerging trends of Artificial Intelligence and Virtual Reality.

It’s really important to understand the significant potential these new technologies hold for user experiences, and in fact another important target for the future is to investigate strategies to incorporate immersive virtual reality experiences into the Karma Protocol. The vision for Karma extends beyond creating a blockchain-powered platform for social change, and it goes as far as searching for the interaction of the physical and digital worlds to provide a truly unique, immersive and engaging environment for users.

To achieve similar results and propose a real process of social transformation, it will be essential to involve companies as much as possible, and share with them the concept of Corporate Philanthropy.

This means that Karma protocol can be used by companies for charity with e-commerce sales of their products and services, becoming a real philanthropy tool used by large corporations to “tokenize” good deeds of their customers with karma tokens.

It is an important challenge but, in the path towards the society of the future, the development by companies of clear ESG strategies is now a key element to be competitive on the market, and CSR communication has already become an essential marketing tool.

Thanks to the Karma Protocol, the aspiration of companies to support ethical causes and inspire good deeds will not only remain a facade, but will turn into a real push for positive change.

Want to know more about EarnKarma? Find it out on the website or read the whitepaper.