Released 24th December, 2018
Reviewed by Kenny - theEOSwriter
KARMA (version 1) has been released and is starting to gain some traction. It currently has 1.5K daily active users and is achieving more transactions than the entire chains of Vechain, NANO, Dash, Bitcoin Cash, Monero or ZCash… Not bad!
To begin your KARMA experience you’ll need to enter your private key into the DApp. If you’re a bit hesitant or not 100% sure what your doing it’s best to open an EOS account just for the purpose of trying new DApps like these out so you’re not putting your entire EOS holdings at risk. A great video by Kyle from EOS Vibes shows you how to open a new EOS account here.
Once you’ve imported your account you’ll be able to edit your profile, browse the KARMA feed for popular or new posts, up/down vote posts as you wish, leave comments, power up/down (stake) your KARMA tokens and keep track of your accounts recent activity.
My first post was a small but necessary deed of picking up some dropkicks litter at a local beach.
I think there may be a correlation between the type of litter you find around the place and the type of people who litter, for example maybe your average Mcdonald’s customer is more likely to litter?
In any case I got my girlfriend to film me picking up and placing the litter in the bin and posted it to the KARMA community. I must say even a small deed such as this makes you feel good! I’m always looking for opportunities now to help others and the environment!
Keep in mind that people are free to post any type of content in addition to good deeds/actions. Overall it’s a social network with people who want to see positive and beneficial things and be encouraged to do the same.
As a functioning DApp on the EOS blockchain KARMA is doing a great job, and keep in mind this is only Version 1, I’m sure the team has lots of improvements and added features to come. The UI/UX is great, being able to sign transactions with your iPhones FaceID (as you can see from this screenshot) is super impressive!
I did notice that the content seems to take a bit longer to load than your normal centralised applications, I think the reason for this could be that the data is stored on IPFS (InterPlanetary File System). If so this is a trade off I’m personally more than willing to accept.
What an awesome decentralised application! It’s actually the first fully decentralised social media DApp to run on the EOS blockchain. From the smooth UI/UX to the overarching concept of incentivising good deeds, KARMA is a great example of what EOS is capable of. Congrats to Dallas and the KARMA team for creating a meaningful tool to improve the world we live in.
I’ll be following KARMA closely and looking to find ways in my own life to contribute and help others/the planet.
You can learn more about KARMA via the links and YouTube video below… the community is growing by the day and there’s lots of good just waiting to be manifested into reality, time to take action!
Disclaimer: The information provided in this article is for educational purposes only and should not be treated as investment advice. I am not a financial advisor, and I am not giving financial advice. I encourage you to conduct your own research and/or consult with a licensee financial advisor before making any investment decision. Cryptocurrencies are a new digital asset class that are highly speculative and risky.