Business investment is an important issue for a huge business community in Russia. Those who already own their own business or are just preparing to open it, certainly are trying to solve the main question — «Where can I get money?».
Until now, the main way of lending was to apply to the bank, which provides loans at interest which for many entrepreneurs were excessively inflated. With the rise of cryptocurrency and blockchain technologies the approach to business lending can go in a radically different way. And the reason for this — the development of the project of mutual crediting «Karma», which is preparing to go to the preliminary token sale from 17 to 30 of August. The creators of the system plan to attract more than $ 500,000 of investment funds. The lion’s share of the investments will be invested in developing the platform and preparing for the main sale of the tokens.
The main objective of the p2p-credit platform is to encourage private investors from all over the world to lend to entrepreneurs bypassing the large number of intermediaries, which primarily are the banks.
The essence of Karma was described by one of its founders — Artem Laptev.
«We are organizing a worldwide p2p-cooperative. The main idea is to give people from countries with free capital and low interest rates the opportunity to invest in entrepreneurs from countries where money is much more expensive».
Unlike the usual methods of lending people and companies from any country in the world can participate in Karma, regardless of economic sanctions and political events. And this is very important for those who decide the questions of business lending.
«We are making an ecosystem whose members can create an endless variety of different relationships: from a pawnshop short-term loan to an interest-free unsecured loans based on format «return when you can». Users earn money and reputation for useful actions. Such flexibility and variety of relationships make the system much more stable than projects with one type of transactions», — explains another co-founder of Karma, Yuri Gugnin.
With the help of Karma tokens it will be possible not only to gain access to exclusive access of investment proposals, but also to take part in voting for making important decisions about the development of the project. Such access will be given to holders of 10 or more tokens. For users of «Karma» project tokens such an opportunity is not only an excellent chance to join the ecosystem of cryptocurrency transactions, but also to get an excellent opportunity for further investments. Helping to promote Karma at the world level will be professional team from Openledger and Genesis Block. Now pre-ICO has begun. Have time to buy yourself some karma, while it is still measured in money. Soon it will be priceless! Digital karma is the main asset in the digital age.
The developers of Karma note that the project has been working in off-line mode for several years. In 2014 the first business loan was issued, and today in the portfolio of «Karma» are 10 companies, more than $5 million and 0% of delinquencies. In addition, the first international p2p deal was recently concluded on the Karma platform: one of the Russian investors invested in the African money transfer service BTCGhana.
Note that the market of mutual lending in the US and Europe is growing by more than 100% per year, according to Morgan Stanley analysts. At the same time, the share of direct loans relative to banks is small — less than 1% of the world. The next 5-10 years the increase in the share of direct loans to 20% is expected. And this means that Karma is on the right way and in the near future if it does not turn over the business of lending market, it is certainly will get a significant share on it.
To buy Karma tokens, please leave an application here
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