Opakeco Foundation (KARMO)
Social Services & Non-profit
The Opakeco Foundation is building a platform where token holders will be able to exert control over the foundation and support charities without the need of technical skills. In time, Opakeco will become the platform for measuring the transparency of charities and well-doers.
- Voting with your tokens, being able to have remaining ETH refunded - Send humanitarian aid with tokens - Founders don't have access to funds unless token holders approve - Founder tokens only release 5% per quarter - Foundation (Stichting), non-profit organization - 40% of balance surplus will go to a token buy back program
The initial coin offering contract is written with a few important key values: Fixed gas price Hard limit on available Karmo tokens. Karmo tokens can not be minted after ICO. The fixed gas price (“FGP”) is to prevent unfair transactions. There will be no whitelisted accounts, and all transactions with a gas price below or above the FGP will be rejected.
|ICO start date||30 Aug 2017|
|ICO end date||29 Sep 2017|
|Additional Token Emission||0|
The initial coin offering represents 65% of all karmo tokens. The founders of the foundation, receive a total of 25% of all Karmo tokens. These tokens vest 5% (relative to the total value) per quarter, fully vesting after a period of 5 years. A fund of 5% of all Karmo tokens is kept available for future staff and partnerships. There is 2.5% available for the advisory board. There is 2.5% available for bug/translation/other bounties.
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