@0xJeetSparrow $karma @KarmaWallet is crazy undervalued right now. We're the fortunate ones to get in this early. What I appreciate about @amrix_j is his focus on the product and not the marketcap. He's got his priorities straight, and the price will reflect that eventually.
Today on MCG: @amrix_j | @KarmaWallet | $KARMA
Karma currently is a crypto-native "everything" app which allows you to bank, spend and trade
Here's the breakdown:
02:13 - Amrix's background
03:11 - $KARMA origin story
04:40 - The lesson
06:20 - MoonPay is aggressively acquiring crypto products every week ("where are they getting this money from?")
09:11 - The endgame is a liquidity event
11:24 - Why neobanks will disappear
14:18 - The pivot to trading
14:50 - May 2026 hit $522K product volume
15:33 - @dflow integration
19:00 - The new feature reveal 🚨
23:53 - rev model
25:00 - 0.5% trade fee, free for $KARMA holders, cashback in idle wallets creates buying pressure (Starbucks wallet analogy)
29:42 - Token tokenomics
31:08 - GBP launching Monday alongside EUR and USD virtual accounts
@MCGlive@amrix_j@KarmaWallet Thanks for the $karma interview! Thoroughly enjoyed it!! Very impressed by @amrix_j. He is a serious dev...constantly building and improving. Gives me a lot of confidence in the future of @KarmaWallet
Notes from $KARMA @KarmaWallet w/@amrix_j at 13:00 mark
- New Social trading functionality Demo'd onscreen
- Karma is a crypto credit card, previously a Neo Bank, now combining banking + Trading
- Trading is now live, British Pound now supported $GBP
- @moonpay is aggressively acquiring businesses in the payments/Stablecoin space
- Building for a win win liquidity event and upside for the $KARMA token
- $522k in monthly volume, 100% growth month over month. $274k in virtual cards, $247k in trading volume
- Integrated with @dflow
- Added trading on @base this month
- New Social trading functionality Demo'd onscreen
- $KARMA buyback mechanism, where fees from trading buys back the token with a mechanism around unclaimed fees
- Real time dashboard where revenue flows to token holders, exact percentages to be defined still
A lot of alphas for solana:CmUnSFZCKUFGs2L8eZGQukAj833Y8r2SiJav55Nnrihd dropped in here. The most interesting one is the thesis rev share social feature. If executed correctly, Karma would become the first social app experience that actually rewards traders and creators based on whether their calls played out, not just engagement or volume. That is the key difference between this and X rev share or PF creator fees, which simply pay for attention and end up rewarding shillers over researchers.
Currently speaking with the dev in regards to the implementation details. My push is that the payout should be based on the quality of the thesis and whether it actually played out (positive pnl over a certain time horizon, timestamped at the moment of posting). That version of the feature pays traders for being right instead of being loud, which brings higher caliber traders onto the platform. In turn that onboards more users, as people want to be exposed to an environment with provably profitable callers.
If this ships volume based it is just another fee share. If it ships performance gated, then Karma distinguishes itself from every other app on the market.
A very good start in the right direction.
Don't just see this for what's in front of you, but see what this can become.
Be sure to tune in! This dev has been all about creating and improving a great product! Focused and always working (and communicating regularly with users and holders)! I see great potential in $karma because of @amrix_j#solana@toly@solana
Karma will be live on @MCGlive Thursday, June 11, at 5PM CET.
We'll be showcasing our new V2 app, including social trading and neobank features.
Come join us and give the show a follow to get all the latest.
Special thanks to @DineroDom0@mynt_josh and @ChillTRD
70% of revenue is now coming from trades.
A revenue stream that didn’t exist 1m ago.
I have been asking users 1:1 what they want to see in the app - this is OUR app.
Product revenue <> $KARMA token
Things are going as planned
@AriEiberman@S1CA3I0 Hi Ari, hope all is well. Thank you for pointing out the above - we have updated our link in bio with a proper Linktree with our IOS and Android app. Compared to most neobanks, we're taking a SocialFi approach. Would love to get your experience on it: https://t.co/eJSRiIq7YS
Introducing Karma Multi-Wallet.
Import your wallets & switch with one swipe.
Give any wallet a card, an IBAN, and a tap-to-pay.
Now available in the $KARMA app.
Karma is now live on Google Play in 68+ countries worldwide.
Trade, Ramp, and Spend with one app.
Built for the community, by the community.
Download now