050: Saving the Planet While Studying for Exams with Mona Fang of Karma Trade

<p><span style="font-weight: 400;">Mona Fang started selling clothes online for side income and quickly realized the detrimental environmental impacts of the fashion industry. So at age 17, she decided to create a solution to the consumption problem in "fast-fashion." While a freshman at university, she started Karma Trade, a circular fashion trading platform using digital currency. </span></p> <p> </p> <p><a href="https://www.karmatrade.shop/"><span style= "font-weight: 400;">Karma Trade</span></a> <span style= "font-weight: 400;">uses a digital currency called "KARMA" to buy and sell secondhand clothing. Customers earn KARMA by donating clothes to the circular economy and can spend KARMA to get new clothes while only paying a small $USD swap fee. So far, Karma Trade has helped recirculate 20,000 items of clothing and reissue 200,000 Karma pieces. </span></p> <p> </p> <p><span style="font-weight: 400;">Listen to Mollie and Mona discuss: </span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Building a supply chain, marketplace, and technology system from scratch</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why Mona says studying aerospace engineering is a hobby</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Hosting events at her university to test the marketplace system</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Opening their thrift store called "The Karma Outpost"</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Expanding to other thrift stores to become "Outposts" </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How the</span> <em><span style= "font-weight: 400;">7 Figure Copywriting</span></em> <span style= "font-weight: 400;">course gave her confidence to explain Karma Trade</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weigh