What is the point of Karma?

Our goal is to build a policy-controlled currency system, in which the behavior of the KDAO token is controlled at a high level by the DAO. In the long-term, we believe this system can be used to optimize for stability and consistency so that KARMA can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation. Also, the new added feature of our "lotto" system, will give investors an active incentive to hold and auto-stake their KDAO, as well as buy more. This will not only increase their odds of winning, but increase their yearly compound. We believe in creating a true DAO, and we will actively create this by using the snapshot feature, and steering our community in the right direction.

How do I participate in KARMA? There are four main strategies for market participants: Buying KDAO and auto staking it with a highest fixed annual 153,600,539 % APY. Participating in quizzes as well as raffles made for the community, as well as our Lotteries system that we will be developing. Governance participants can get involved on our forum and through discussions in our community discord and DAO discord servers respectively. How can I benefit from KARMA? The main benefit for stakers comes from supply growth. The protocol mints new KARMA tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. Who created KARMA? KARMA was developed and built by a distributed doxxed team, and is contributed by the Karma DAO community. Who runs KARMA? KARMA is governed by the community. That's the main point of our dao, all decisions and changes are voted by holders.