Kahn technology Ltd is working on developing a unique mobile payment system integrated with a social media app. The KahnChat app can be used as a mobile payment platform for paying bills, fund transfer and making payments for orders, and as a social media app for messaging via text, voice and video, user-story sharing and for increasing the fan base and followers of a business or a public figure. The development of this KahnChat app will commence as soon as the Initial Coin Offer (ICO) campaign is concluded. The main purpose behind the KCH Initial Coin Offer is to commence the research and development needed to develop the social media app using Blockchain technology while raising capital for the application of the Payment Institution License (PIL) needed for the digital wallet payment system. With a successful ICO there will be opportunity to take in more software engineers needed to develop the various features as stated in the whitepaper. Their ultimate target market is the consumers who will be befitting from the mobile payment app. However, they also welcome those strategic and casual investors who are looking forward to make money from a rising cryptocurrency industry. Both strategic investors and the general public can purchase KCH tokens during the Pre-ICO and general ICO sales, which will be held in February 2018. The KahnChat application, with complete features such as digital payments, exchange and social networking, will be launched later this year. The KahnChat app contains more than just the usual chatting feature associated with most communication apps. It is a one-stop social cum digital payment solution for every user between the ages of 18–65 years. Other user features include the ability to add friends either from the address book or by scanning a person’s QR code. Stories can also be shared by users in the form of pictures, videos with an option for further engagement through comments. Users will be able to create groups, invite friends to groups, follow famous artists and public figures by scanning their public QR codes to get the latest updates and news. Users can also follow a business or company just by scanning their public QR code to start receiving updates, occasional discount vouchers, special promotion packages and other benefits. Furthermore, the app allows secure payments of utility bills using the major cryptocurrencies, debit and credit cards and bank accounts. Mobile payment is one of the best features of KahnChat app. KahnChat mobile payment transaction fee for the merchants are only 0.6% per transaction. KahnChat digital wallet accepts fiat currency. The wallet also accepts cryptocurrency, allowing the user to cash in their cryptocurrency into KahnChat wallet for purchase, transfer or withdrawal. they also plan to launch a dedicated exchange platform for their cryptocurrency which will make it easier for users to purchase KCH tokens, sell them or transfer them to other users, through a simple mobile app. KahnChat isn’t just a mobile payment platform, it is integrated with a social media app and has been combined with other features to help simplify our daily life. The pre-ICO sale will be conducted from 1st February to 3rd February 2018. A total of 20,000,000 KCH tokens (approximately 25% of all KCH tokens) will be put out on sale. The minimum purchase requirement is 500 tokens. The pre-ICO sale buyers will also get an additional 50% bonus (25% for sign up and 25% for KYC validation) on their coin purchases, visit the website for details http://www.kahnchat.com/
The KahnChat ICO General Sales will be held in four phases with the first phase commencing on 4th February 2018. Each phase offers a different bonus with a different minimum purchase requirement. On 4th February, 2018 at 00:00:00 GMT +000 the Distributor will offer a maximum (fixed limit) of 44,000,000 KCH tokens (approximately 55% of all KCH tokens if the maximum limit during pre-sale and ICO to the general public is reached, including bonus) for sale to the general public. There will be a cumulative maximum (hard capped limit) of 66,000,000 KCH tokens (including bonus) in the KahnChat Pre-ICO Sale and ICO to the general public combined. The total amount of KCH tokens distributed during the pre-sale and during the ICO to the general public will constitute 80% of all KCH tokens. The remaining 20% of KCH tokens will be distributed among the advisors, bounty team, development team and partners. General ICO Sale Phase 1 starts from 4th-12th February 2018. Buyers receive 15% extra bonus on the total tokens purchase. Minimum purchase requirement — 50 KCH Tokens (0.1 ETH) General ICO Sale Phase 2 starts from 13th -18th February 2018 Buyers receive 10% extra bonus on the total tokens purchase. Minimum purchase requirement — 1 KCH Token (0.002 ETH) Phase 3 — with 5% bonus. General ICO Sale Phase 3 starts from 1
9th-24th
February 2018. Buyers receive 5% extra bonus on the total tokens purchase. Minimum purchase requirement — 0.5 KCH Tokens (0.001 ETH). General ICO Sale Phase 4 starts from 25th — 28th February 2018. Buyers receive 2.5% extra bonus on the total tokens purchase. Minimum purchase requirement — 0.1 KCH Tokens (0.0002 ETH) Maximum tokens allocated for General ICO Sales for all phases are 44,000,000 KCH Tokens. Sales might close early if the maximum of 44,000,000 coins are sold. The KCH app along with the token will be released in the second quarter of 2018. The digital wallet feature will also be developed in this period. Both the wallet and the mobile app are expected to be launched by the third quarter of the year. Kindly refer to the roadmap in the white paper for details http://www.kahnchat.com/download.php According to ‘The UK Cards Association’ source, £643.6b was spent on cards in 2016 in the United Kingdom alone. KahnChat mobile payment targets 1% of the market share after the launch of the mobile payment app. This adds up to £6.4b worth of transactions per year. KahnChat mobile payment transaction fee for the merchant is only 0.6% per transaction, giving the company a potential income of £38.6m from the mobile payment feature alone. Users without a KahnChat account should sign up at www.kahnchat.com/ before they can get access to the ICO participation link which will be distributed only to user accounts. Upon following the participation link, the ICO Terms & Conditions should be accepted. Thereafter, the user will be redirected to the ICO participant personal account.
KahnChat Roadmap
Q3 2017
KahnChat idea birth
Discussion with the third-parties service provider, developers and businesses
Q4 2017
Kahn Technology Ltd formation in the United Kingdom
White paper preparation
Website development
Smart contract development
Team formation
Pre-ICO marketing
Q1 2018
Brand awareness
Token sales
App development in XMPP technology
Q2 2018
Team recruitment for expansion
Payment Institution License application
Official Account feature development
Digital wallet development with blockchain technology
User and businesses web features development
API Development
Corporate version — Staff management development
Corporate version — Customer support platform development
Social media blockchain technology research and development
Q3 2018
Launch KahnChat app (non-blockchain) version
Launch KahnChat digital wallet
Launch API features
Discount Voucher feature development
Point-of-sales software and hardware development
Social media blockchain technology research and development
Marketing and promotion
Q4 2018
Launch Discount Voucher feature
Continue to develop extra features for KahnChat app
Continue blockchain technology development
Marketing and promotion
Q1 2019
Launch Corporate version customer support platform
Launch Staff management
Launch Discount Voucher management
Mini program platform development
Marketing and promotion
Q2 2019
. Launch Point-of-Sales software and hardware
Launch KahnChat app blockchain technology version
Mobile gaming platform development
Marketing and promotion
Q3 2019
. Launch Mini program
More business application integration to app
Live streaming platform development
Marketing and promotion
Q4 2019
Launch Mobile gaming beta version
Marketing and promotion
Q1 2020
. Launch Live streaming platform
Marketing and promotion
For more infor about Kahnchat tokensale, reach any of the channels.
Website: www.kahnchat.com
Facebook: https://www.facebook.com/kahntechltd/
Twitter: https://twitter.com/kahnchat
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