Introduction
KahnChat is a mobile app which melds digital payments with social media connectivity. Reams have been written about the efficiency of blockchain technology and KahnChat effectuates blockchain to a fair measure of merit. This digital payment application is a marked departure from its contemporaries as it supports a host of features such as cryptocurrency exchange, mobile games, blogging, live streaming, group and forum discussions, file transfer, messaging etc. And yes, this application can also be used to increase the fan base and followers of a business tycoon or a celebrity by scanning QR codes. In addition, there is a provision to pay Utility bills either through credit cards, debit cards or major cryptocurrencies. This mobile application which is available in both iOS and Android platforms, derives the benefit of supporting both crypto currencies (Bitcoin, Ethereum, etc.) and fiat currencies, owing to the presence of networks encompassing peer-to-peer nodes.
Vision and Target Audience
The regal futuristic idea of melding digital wallets with social networking was conceived by Kahn technology Ltd. As a part of this app development project, several stages have been proposed. In the initial launch phase, Blockchain-powered digital wallets shall be provided to the users. For all intents and purposes, the digital wallet will allow users to purchase cryptocurrencies and facilitate exchange of funds amongst them. In the subsequent stages, social media features will be upgraded. The target market of this payment app are vibrant strategic and casual investors who are keen on making money. Consumers who are enthusiastic about digital payments, exchange and social networking are also its target audience. The age-range of the target group is 18-65 years.
The management of KahnChat is positive about acquiring as many as 152million customers by 2020.
KahnChat vs PayPal
Here is a table outlining the differences between KahnChat and PayPal:
Attribute PayPal KahnChat
Mobile Payment No Yes
Page No Yes
Receipt Generation Yes Yes
Export Transaction Record Yes Yes
Link to Accounting Software Yes Yes
Transaction Fee 1.9% - 3.5% + 0.2p 0.6%
Account Balance Withdrawal Fee Free 0.1%
B2B Fund Transfer 1.9% - 3.5% + 0.2p 0.1%
Fund Transfer Limit Unlimited Unlimited
ICO Overview
ICO stands for Initial Coin Offering. Also called as Initial Token Sale, ICO is an event through which cryptocurrency investors extract their pounds of diversification through cryptocurrencies. More often than not, cryptocurrency startups sell their tokens to investors in exchange of funds. Upscaling the product and service offerings becomes genuinely easy through ICO. KahnChat ICO is aimed at joining the league of startups that have successfully raised funds through token sales. KahnChat management pledges allegiance to user-oriented and client-centric ICO. And the management is positively affirmative about extending profitable returns to its investors.
Uses of Funds
When it comes to the aspect of apportionment of funds raised through KCH tokens, the management is absolutely transparent. Here is the apportionment of funds:
Type of Expenses Percentage
Wages and Contractor Fees 20%
Legal Related Expenses 2%
Marketing and Promotion 50%
Sales Expenses 10%
Administration 5%
Equipment and Tools 3%
Bank Guarantee 5%
My best wishes are with the co-founders Dr.Ulrich Hatje and Mr. David Kan.
For More details visit
WEB: https://www.kahnchat.com
WHITEPAPER: https://www.kahnchat.com/download.php
TELEGRAM: https://t.me/joinchat/F40qnhIuEgIFMrGbr1uinQ
TWITTER: https://twitter.com/kahnchat
FACEBOOK: https://www.facebook.com/kahntechltd
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1112636
By:karanj
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=1030341