This blockchain project revolves around a social lending and credit platform. In this ecosystem, anyone can provide any role, whether that be for lending or applying for loans. You are also not limited to traditional credit scores, which can be unfavorable to some or even non-transferable across various borders. Instead, you can put forth collateral which could range from real estate, cryptocurrency assets and even connections to online businesses.
The platform gives lenders and borrowers the ability to set any conditions for their loans, and due to the competitive nature of how many more lenders will be enabled by this initiative, the rates can actually become more competitive. All of this is handled through a decentralized application that is fully automated and uses smart scoring to rate borrowers.
This system allows anyone in the world to safely and easily transact with each other. Lenders can earn interest on their money and borrowers can grow their businesses without the need for traditional financial systems. This makes a Karma investment an interesting prospect that you may want to consider.
Investors can buy Karma on a handful of exchanges, but the trading volume is excellent here. That means that there will be no issues preventing you from making a quick and easy trade with this asset. USDT is the highest value trading pair here, but there's also room for trades in the USD pairing. Unfortunately, the others, which include BTS and BITUSD are a little sparse on volume, and it may be hard for you to execute trades here for a fair price.
In order to safely store KRM tokens off of the exchange, you'll need to use their online application to create an account. This is part of their platform, but unfortunately, it does not seem that they have any good long-term storage options if you plan to purchase a lot of these tokens. That means that you'll need to be extra careful in protecting your account information from scammers looking to phish your passwords. Always verify the sender of messages who is requesting your information, and never give your passwords to anyone.