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Topic: ⭐[ANN][ICO]⭐⭐⭐⭐KahnChat Mobile Payment and Social Networking Crowdsale Live Now - page 18. (Read 4653 times)

full member
Activity: 252
Merit: 100
I’m somehow confused by the possibility of making transactions via the platform considering the fact that i wont even have to enter the account details of the receiver. Is it guaranteed that the means will be transferred exactly to the person that they were sent to?
Sure! This can be guaranteed due to blockchain. I’ll even tell you more, these technologies were available before the appearance of blockchain so there’s nothing impossible in this case. The means are credited to the account of the receiver immediately.
full member
Activity: 392
Merit: 100
I’m somehow confused by the possibility of making transactions via the platform considering the fact that i wont even have to enter the account details of the receiver. Is it guaranteed that the means will be transferred exactly to the person that they were sent to?
jr. member
Activity: 98
Merit: 8
Good project, wish him success and collect hardcap on ICO
newbie
Activity: 84
Merit: 0
Is the project going to cooperate with anyone in the future? Are there any plans in this regard? Many various projects are being realized at the moment, perhaps there’re already the agreements with any of them?

KahnChat app will be cooperated by many companies in the future. KahnChat app isn't just a traditional social networking app, it provides many useful features to not only ease the daily activities of the users' but also provide many features to the business owner to grow their user base, to facilities their marketing, to increase their sales and more to lists.
member
Activity: 406
Merit: 10
Will the platform and the use of the project be allowed all over the world? Some projects have already admitted that there’re some restrictions. Are there such problems in this case?
newbie
Activity: 84
Merit: 0
What will be the cost of tokens on the end of the ICO?Which exchanges will tokens be traded on and when?

The current token selling price is 1 KCH = 0.002 ETH

The value of the token at the end of ICO before it get listed in the major exchange might still be 1 KCH = 0.002 ETH or higher.

The beta version of the app is scheduled and aim to release on the mid Q2 of this year, how the value of the token by that time is hard to predict as we are not a fortune teller but the value of the token is rely on the company reputation and it product/service at or after the time of listed.

Know that you are not actually investing in a cryptocurrency but in the idea behind that currency. So, the first thing we need to do is try to figure out whether the idea is worth your money.

KahnChat is one such ICO that offers a unique solution to a very crucial problem – digital payments. Since there is not a single mobile payment system which can be used on a global level, supports fiat and cryptocurrencies, KahnChat would be your best bet as it does it all through a single all-in-one app.

The value of the token has tremendous growth potential.
full member
Activity: 280
Merit: 100
Is the project going to cooperate with anyone in the future? Are there any plans in this regard? Many various projects are being realized at the moment, perhaps there’re already the agreements with any of them?
member
Activity: 238
Merit: 11
What will be the cost of tokens on the end of the ICO?Which exchanges will tokens be traded on and when?
newbie
Activity: 84
Merit: 0
Where can i get acquainted with the risks of participating in the project? I hope this info wont be concealed in any way.

The information is open not concealed.

You can read it from the
Whitepaper: https://www.kahnchat.com/docs/KahnChat-Whitepaper-v2-en.pdf
Token Sales Agreement: http://www.kahnchat.com/token-sales-agreement.php
Privacy Policy (for data protection): https://www.kahnchat.com/privacy.php
member
Activity: 238
Merit: 10
Where can i get acquainted with the risks of participating in the project? I hope this info wont be concealed in any way.
newbie
Activity: 84
Merit: 0
Who and when came up with the idea of creation of such an app? Is this person (or these people) in the project’s team now?

Both the co-founder Dr. Ulrich Hatje and Mr. David Kan visited China back to early Jan 2017 for a business meeting, surprise that most of the China citizen don't use cash or card for any purchase, they simply pay with their mobile phone. When both return back to Europe, start doing the research on the technology, market potential, competitors analysis, then start planning on what KahnChat can be better than WeChat in China for the rest of the country citizen, how KahnChat can provide better life for every users' of KahnChat. The idea finally born in July 2017 and we start the preparation for crowdfunding.

Both co-founders are on the team. Dr. Ulrich Hatje is specialised in technical and Mr. David is more on business management and marketing.


full member
Activity: 266
Merit: 100
Who and when came up with the idea of creation of such an app? Is this person (or these people) in the project’s team now?
member
Activity: 798
Merit: 17
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full member
Activity: 336
Merit: 100
Hey guys can the number of tokens change in the future?

It looks like it cant ‘cause mining wont be used for this purpose. That’s very good!
newbie
Activity: 84
Merit: 0
Transaction in blockchain are very slow, and what’s more important, are really expensive in terms of commissions. Why do creators of the project count that they’ll manage to attract the clients which will be satisfied with such an expensive service of such low quality?

KahnChat app is different than any other cryptocurrency wallet. Most of the cryptocurrency wallet is only a cryptocurrency wallet, allow the user to send, received or spend their cryptocurrency.

You are right, the network fees for the cryptocurrency for certain coin/token is very expensive but there is still user want to have the option to spend their cryptocurrency.

KahnChat app isn't just a cryptocurrency payment system but it is also a fiat currency payment system. The user who preferred to use fiat currency to spent for purchase can still use the app, the user who preferred to use their cryptocurrency to spent for purchase, they also can use it. KahnChat gives the option to the user. Of cause, not all merchant will accept cryptocurrency as the payment method for purchase due to the slow confirmation but there are merchants will accept cryptocurrency as a payment method.

The user chooses to use KahnChat is not just because KahnChat has the cryptocurrency mobile payment, it is because the user has the option to choose to use fiat or cryptocurrency and KahnChat also other features available for their daily use or business use.
newbie
Activity: 84
Merit: 0
Transaction in blockchain are very slow, and what’s more important, are really expensive in terms of commissions. Why do creators of the project count that they’ll manage to attract the clients which will be satisfied with such an expensive service of such low quality?
The work on the speed of proceeding of transaction is being carried out and there’re some obvious points to be improved. Just to be on the safe side, i’ll remind you that Visa didnt have 1k transaction per second at the early stages. As for commissions, they’ll be extremely low here, this has already been announced.
How low will they be?
The WP specifies only 0.6%, and, most likely, this isnt a limit. Moreover, dont forget that this transactions can be made not only in cryptocurrencies, but also in fiat. Such an universality deserves to be paid.
By the way, how will the internal transactions be made?
If you mean the conversion of the currencies, it’s planned to arrange am internal exchange for this purpose. Obviously, it’ll be possible to convert with its help.
Having its own exchange platform… Is this expensive? To what extent is it difficult to arrange this in terms of technique?

Well, it isn't too expensive to develop the exchange platform. Difficulty? The answer is Yes and No. There is nothing is easy but there is nothing is impossible in the world of programming. This is achievable.

To explain how the exchange work in a none too technical terms, you can think it in this way for the current exchange.
1) The website is the User interface to communicate with the server to retrieve information and display it on screen. KahnChat app is serve the same purpose, it is an user interface to talk to the server, send a request to the server and get the response back to display on the screen.
2) The server installed the different blockchain algorithm and talk to the blockchain network. Receive request from the interface, communicate with the blockchain network and return the result back from the blockchain network then pass it back to the user interface.

The above is not a technical way to explain the entire workflow but more in common language that everyone can understand.

member
Activity: 196
Merit: 10
Transaction in blockchain are very slow, and what’s more important, are really expensive in terms of commissions. Why do creators of the project count that they’ll manage to attract the clients which will be satisfied with such an expensive service of such low quality?
The work on the speed of proceeding of transaction is being carried out and there’re some obvious points to be improved. Just to be on the safe side, i’ll remind you that Visa didnt have 1k transaction per second at the early stages. As for commissions, they’ll be extremely low here, this has already been announced.
How low will they be?
The WP specifies only 0.6%, and, most likely, this isnt a limit. Moreover, dont forget that this transactions can be made not only in cryptocurrencies, but also in fiat. Such an universality deserves to be paid.
By the way, how will the internal transactions be made?
If you mean the conversion of the currencies, it’s planned to arrange am internal exchange for this purpose. Obviously, it’ll be possible to convert with its help.
Having its own exchange platform… Is this expensive? To what extent is it difficult to arrange this in terms of technique?
full member
Activity: 350
Merit: 100
Transaction in blockchain are very slow, and what’s more important, are really expensive in terms of commissions. Why do creators of the project count that they’ll manage to attract the clients which will be satisfied with such an expensive service of such low quality?
The work on the speed of proceeding of transaction is being carried out and there’re some obvious points to be improved. Just to be on the safe side, i’ll remind you that Visa didnt have 1k transaction per second at the early stages. As for commissions, they’ll be extremely low here, this has already been announced.
How low will they be?
The WP specifies only 0.6%, and, most likely, this isnt a limit. Moreover, dont forget that this transactions can be made not only in cryptocurrencies, but also in fiat. Such an universality deserves to be paid.
By the way, how will the internal transactions be made?
If you mean the conversion of the currencies, it’s planned to arrange am internal exchange for this purpose. Obviously, it’ll be possible to convert with its help.
member
Activity: 196
Merit: 10
Transaction in blockchain are very slow, and what’s more important, are really expensive in terms of commissions. Why do creators of the project count that they’ll manage to attract the clients which will be satisfied with such an expensive service of such low quality?
The work on the speed of proceeding of transaction is being carried out and there’re some obvious points to be improved. Just to be on the safe side, i’ll remind you that Visa didnt have 1k transaction per second at the early stages. As for commissions, they’ll be extremely low here, this has already been announced.
How low will they be?
The WP specifies only 0.6%, and, most likely, this isnt a limit. Moreover, dont forget that this transactions can be made not only in cryptocurrencies, but also in fiat. Such an universality deserves to be paid.
By the way, how will the internal transactions be made?
full member
Activity: 350
Merit: 100
Transaction in blockchain are very slow, and what’s more important, are really expensive in terms of commissions. Why do creators of the project count that they’ll manage to attract the clients which will be satisfied with such an expensive service of such low quality?
The work on the speed of proceeding of transaction is being carried out and there’re some obvious points to be improved. Just to be on the safe side, i’ll remind you that Visa didnt have 1k transaction per second at the early stages. As for commissions, they’ll be extremely low here, this has already been announced.
How low will they be?
The WP specifies only 0.6%, and, most likely, this isnt a limit. Moreover, dont forget that this transactions can be made not only in cryptocurrencies, but also in fiat. Such an universality deserves to be paid.
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