opakeco for investors
Bringing transparency and accountability to humanitarian causes
The opakeco platform
Each year, more than 400 billion USD is given to charities. However, it isn’t clear how much of these funds are well spent. The Opakeco Foundation intents to make charities more transparent and accountable through the use of blockchain technology.
In order to achieve this, the Opakeco Foundation intends to build a platform which utilises the Karmo (KRM) crypto currency in order to donate to charities and to allow charities to spend these donations.
We intend to fund the development of the Opakeco Platform through an Initial Coin Offering (ICO), allowing you to buy Karmo tokens early.
Why invest in the Opakeco Platform?
Each year, more than 400 billion USD is given to charities. Our goal is for 1% of the total funds given to charities to be transferred through the Opakeco Platform using Karmo tokens in 5 years.
The Opakeco Foundation will initially spend 40% of its budget surplus on a token buyback programme. Karmo tokens bought through the buyback programme will be sent to a burn contract wallet in order to offset initial devaluation due to using the funds gathered through the ICO.
Each Karmo token you hold gives you a vote which can be used to steer the Opakeco foundation. For instance, this gives you direct influence on the quarterly budget allocation.
Token holders are able to stop the foundation in its tracks if it steers off course. If the kill switch contract is invoked and 75% of the votes are in favour, all remaining funds will be returned to the token holders.
Each quarter, the Opakeco Foundation is allocated 5% of the gainings from the token crowdsale for the development of the platform.
The budget will be used as follows:
- 60% Platform development and technology
- 15% Operational expenses
- 15% Legal counseling
- 10% Marketing and awareness
Pledge your support
Receive extra Karmo by pledging your support. Anyone who fills out the form and participates during the ICO will receive an extra 3.000 Karmo tokens after the ICO finishes.
Bonus tokens are paid out on a first come first serve basis until the maximum bounty is reached.