KARMA (KARMA)

Karma (KARMA) is a cryptocurrency created and maintained by the Blockonance cryptocurrency exchange. It is a decentralized, digital asset and an open source blockchain platform. Its main goal is to reward the good deeds of people throughout the world and spread positive energy. Karma was founded in 2018 and is based in Switzerland. The idea to create it originated in order to reward people for their contributions to society, be that either financially or through volunteering. The intention is to give people the power to make a change in the world and get something out of it. What makes Karma unique is its “Proof-of-Good-Deeds” (PoGD) consensus mechanism. This algorithm allows users to generate rewards based on the positive actions they take, instead of relying on miners to process transactions. The more impactful the good deed, the more Karma tokens are rewarded. Karma can be used to reward anything from charity work to helping out a neighbor. It also encourages people to continue being kind and helping, as the rewards will come with time. Karma can be bought and sold on a variety of exchanges. It is also listed on multiple cryptocurrency portfolios, such as Delta and Blockfolio. When buying Karma, it’s important to note that the currency is still relatively small, so it may be tricky to find a reliable exchange. As such, it’s best to research the market before investing. In summary, Karma is a cryptocurrency that seeks to reward good deeds and spread positive energy. It is driven by a unique consensus mechanism and can be used for almost anything. It is quite a small currency, but it is an interesting idea and could be worth keeping an eye on.