Total users
6,641NFA · Independent research
The money app
that gives value back
Self-custody, real bank accounts, a Visa card, trading and fee-funded buybacks—inside one app.
Explore the research →Snapshot supplied August 2026 · Figures are not live
↔Swap activity
95%of net swap fees$KARMA buybacks
↗Onchain buybacks
KARMAVISA
Usage → fees → value returned
Transactions
9,931Active users
298Volume
$1.1MBroader utility · earlier adoption
01 / Product overview
One place to hold, move, trade and spend.
Karma is positioning itself as an onchain neobank: not merely a trading interface, but a bridge between self-custodied crypto and everyday money.
Its strongest promise is subtraction. Fewer transfers, fewer logins, fewer moments where value gets stuck between a bank, an exchange and a wallet.
Self-custody
Keys stay on your device, protected by biometrics.
Banking rails
EUR, USD and GBP accounts with IBAN, ACH and SEPA.
Visa card
Move from stablecoins to everyday spending in one app.
Trading
Swap tokens without leaving the wallet or funding an exchange.
Social layer
Public positions, theses and leaderboards for discovery.
Coming next
RWAs, AI and expanded perps are part of the roadmap—not all live.
02 / Token thesis
The loop is simple. Adoption is the hard part.
More users
→More swaps
→More fees
→Buybacks
Why it matters
95%of net in-app swap fees are described as funding transparent, onchain $KARMA buybacks. The remaining 5% goes to charity.Interactive model
Test the fee flywheel
This illustrative calculator shows how volume and an assumed effective swap-fee rate could flow through the stated 95/5 allocation. It is not a forecast.
Gross fees$7,700
95% buyback pool$7,315
5% charity$385
Hold—no lockupTier access
Up to3× KP
Up to100% cashback
Higher tiersCard discounts
03 / The comparison
Karma versus FOMO:
different centers of gravity.
Karma’s edge is breadth: bank, card, wallet, trading and token alignment.
FOMO’s edge is depth: more traders, more activity and a denser social experience.
CapabilityKARMAFOMO
Primary useBank + card + tradeSocial-first trading
Fiat accountsIBAN / ACH / SEPALimited
Everyday cardVirtual + physical VisaNo equivalent
Self-custodyYesYes
Social densityEarlyStrong
Token alignment$KARMA benefits + buybacksNo platform token
ScaleEarly-stageFar larger
The bull case is not that Karma already outscales FOMO. It is that a fuller product could become a primary money app if distribution catches up.
04 / What can break
A compelling loop still has to earn its users.
A $1.7M market-cap snapshot may signal asymmetry—but also fragility. The same early stage that creates upside can amplify execution, liquidity and migration risk.
Occasional UI glitches and incomplete activation loops are normal signs of a product still shipping.
Banking and card availability depends on regulated partners, regional support, limits and processing times.
Current activity and liquidity remain modest compared with larger apps. Growth is a thesis, not a guarantee.
Migration, smart-contract, liquidity and emerging-chain risks can materially affect $KARMA.
THE BOTTOM LINE
Functional today.
Ambitious tomorrow.
Still early.
Karma’s product already connects crypto with real-world money. Whether $KARMA compounds with usage depends on adoption, execution and sustained transaction volume.