Stichting Karuna Foundation

Karuna Foundation is a Non-Profit Organization which is developing a platform named "Karuna Network Platform" which seeks to be a decentralized, transparent and peer-to-peer social platform built on the Ethereum blockchain, for social and economic development of communities in need of aid. Karuna is a membership-based platform that connects Non-Governmental Organizations (NGOs) with donors who wish to donate to the NGOs to make a social and economic change. All transactions on the Karuna platform happen using the Karuna token, which is an ERC 20 token generated on the Ethereum platform. Karuna seeks to be a blockchain based platform where any NGO can register their organization/project to receive donations and any persons from across the globe can register to donate to a cause of that they are passionate about. The benefits of Karuna platform over legacy systems are manifold. Since the platform is powered by the Ethereum blockchain, all transactions are transparent, all records are tamperproof and reliable and there are few to no middlemen involved, thereby making the system cost-effective and extremely fast at the same time. The Karuna platform offers user-friendly tools that provide detailed insights into the utilization of donated funds, based on which conditional donations can be initiated in multiple stages. The system allows both the donors as well as the recipient organizations to gauge their performance and the success of their cause by following a multi-level impact model that provides all the critical needed by the community to shape the direction of various donation campaigns. Karuna platform follows the best practice policies and procedures intended to ensure legal and regulatory compliance. Every member shall have to comply with the AML and KYC norms with respect to the global standards.