This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.
This is revision number 1, signed August 30, 2023 by rpWiwgz6NrWtKdHTgaAQZNu84XxWSwZzeb
Description: The KARMM Token offers a transformative and interconnected global ecosystem that integrates astrology, blockchain technology, and various applications. Rooted in the XRP blockchain, KARMM aims to reshape how people interact with astrology, fostering a holistic digital experience that transcends geographical borders. With diverse use cases such as astrological consultations, live streaming rewards, matrimonial services, product purchases, subscription payments, and charitable contributions, KARMM stands as a unique token poised to reshape personal, social, and spiritual realms.
USE CASE OF KARMM TOKEN
1 Astrological Consultations Across Borders
2 Rewarding Live Streaming
3 Charitable Contributions
4 Matrimonial and Matchmaking Services
5 Product Purchases
6 Subscription Payments
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Karmm.com is an Indian Astrology app and website that aims to provide personalized and accurate astrological predictions to users. With the growing popularity of astrology and the increasing demand for personalized predictions, Karmm.com has a huge market potential. The platform will provide a range of astrology services such as horoscope matching, Vedic astrology predictions, numerology, tarot card reading,dating,matrimonial services,yatra,e commerce and more. The app and website will also feature a user-friendly interface and provide real-time consultations with experienced astrologers.
Global acceptance and accessibility: KARMM is designed to be globally accepted, allowing customer from around the world to use the token for their Astro related transactions. With the increasing adoption of cryptocurrencies and blockchain technology, KARMM provides a convenient and accessible means of payment for Astro consulations,find soulmate across various destinations.
Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?
Astrological Consultations Across Borders
Rewarding Live Streaming
Matrimonial and Matchmaking Services
Ecosystem incentives and rewards: KARMM token enables the implementation of various ecosystem incentives and reward mechanisms within the KARMM platform. By utilizing KARMM, we can offer loyalty programs, discounts, exclusive offers, and other benefits to incentivize user engagement, loyalty, and participation within the travel community.
4. Governance and community participation: The issuance of a new token allows for the implementation of community-driven governance within the KARMM ecosystem. Token holders can actively participate in decision-making processes, voting on proposals, and shaping the future development and direction of the platform. This level of community engagement is essential for fostering a sense of ownership and decentralization within the KARMM community
Whitepaper/sales material: https://drive.google.com/file/d/1-NlBqAEzZBWTI976W9B3kFXEpHL7tqRc/view?usp=drivesdk
The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.
Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.
Bug bounty program: This is not applicable for this token.
The self-assessment is made on behalf of a legal entity (for example the issuer is a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).
Website: https://karmm.com/xtp-ledger-toml.htmlWebsite information: The website should disclose the following information:
- Details of the legal entity: official name and registry code, company headquarters mailing address
- Contact information: e-mail and other contact information
- Core team members
- Whitepaper if available
The website contains relevant information.
Business plan: A business plan should entail:
- the amount of revenue and expenditure by area of activity
- obligations related to the issuing of the token
- the technical administration of the company
- operational strategy
- the intended activities related to the token
- general principles of risk management and strategy of risk management
- policy for the financing of activities.
The issuer has developed a business plan for the next 3 years.
Risk assessment: A risk assessment should include identification of, assessment of impact and likelihood and mitigation measures and status of implementation for applicable risk scenarios.
The issuer has conducted risk assessment and implemented risk management activities.
Internal policies: Critical internal policies are necessary to manage risks.
The issuer has adopted and implemented appropriate internal policies and procedures in the areas of information security, business continuity, risk management and accounting.
Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.
The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).
|Revision 1||August 30, 2023|