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KARMA is a decentralized application built on Ethereum, which can act as a decentralized third party to arbitrate disputes in various contracts. KARMA relies on the motivation of game theory to let jurors correctly judge cases, forming a dispute resolution system. The system makes final judgments in a fast, cheap, reliable and decentralized manner. Users who serve as jurors in KARMA can obtain arbitration fees. Users can choose to serve as jurors by using pinakion (NMD) coins.