Project Karma update| JAN 22

Let’s look at the roadmap presented to project Catalyst Fund 7.

The goals reached in Jan-22

• 40M / 100M of ENSO Tokens are available on SundaeSwap
• The staking pool is online. KRM is online and available for all ADA hodlers
• Created the domains https://www.makerkarma.org

I take to advance to share with you the best tutorial I’ve found to set up a staking pool machine.

Currently, I’m running two virtual machines on AWS. The minimum instance type that fits the Cardano node requirement seems t3.xlarge.

The cost of this configuration should be more or less 170$/month. I’ll update you in the next month about the profitability of this configuration.

ENS / ADA

Staking pool details

What’s next?

• Looking for investors
• Looking for collaborators: a designer, a frontend developer, another Plutus developer
• Continuing smart-contract study and developments
• Improving marketing strategy

To know more about project karma

How to invest in the project

The idea is to finance the project’s development cost in three ways:

• The ICO of the token on Sundaeswap
• Private sales of tokens for investors (20M ENSO)
• ISPO Project Funding Model
• Founding the project with consulting services

As shown in the image, I plan to airdrop ten million tokens to the community. The modalities are still to be defined, but the strategy would be to give the airdrop members who’ll stake their ADAs in the KRM pool or own the ENSO tokens.