Topic: ⭐[ANN][ICO]⭐⭐⭐⭐KahnChat Mobile Payment and Social Networking Crowdsale Live Now - page 19. (Read 4593 times)

We do not need to have 100 million to implement all apps features. Our soft cap is only $500k, by reaching this soft cap, it will allow us to have all the features developed in 6 - 7 month after the ICO close. Of cause, the more investment we can have the more flexibility we can choose to use in the marketing planning.

How low will they be?

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.

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?

Hey there. If you dont manage to collect 100 million, will you have to refuse to implement some ideas or will you just prolong the timeframes of implementation?

The wallet will appear in the second quarter of 2018, this is specified in the road map.

When will we see the project’s wallet? And our tokens in it))

No, it fixed at 80m

Hey guys can the number of tokens change in the future?

when will the beta version of your product be ready? I would like to participate in its testing

I believe in you and look forward to the first public version for testing

Yes, the GroupChat and Multi-Parties video chat is included in the app.

The mobile payment target is 1% of the market share in 3 years. As the app has integrated social networking, the user base will grow faster than any mobile payment app who without the social networking features.

According to "The Statistics Portal" source, the total value of card transactions in the United Kingdom, Germany, France, Italy and Netherlands for the year 2016 is 1787.8b €. A 1% market share (assuming the card transaction spent does not increase for the next three years), the potential yearly mobile payment transaction turn over for KahnChat mobile payment is 17.8b €.

The KahnChat transaction fee is set to only 0.6% per transaction from merchant, this gives a potential of 107m € yearly revenue to KahnChat.

The above forecast is only from 5 EU states, there are still another 22 EU states and other countries mobile payment transaction is not yet in the calculation.

The Cryptocurrency transaction is also another income stream to KahnChat. As KahnChat support BTC, ETH, LTC, DASH, BCH and KCH, in fact, KahnChat is also a mini exchange by itself, it allows the user to buy and sell their cryptocurrency where KahnChat supported. The exchange fees will become another income stream to KahnChat.

By year 3, the KahnChat Gaming Platform should be implemented, where the user can play online games, buy upgrade package or game credit. This form another income stream to KahnChat.

Do you plan to create group chats and videoconferences within the platform? I am interested in applicability to business needs.

What financial results do the project creators intend to achieve in 3 years? What profit can you get?

We develop according to our development plan, it is impossible to all features done within a month or two, our plan is in 6 - 7 months, we can have the features we mention completed, then we will continue to add features into it.

When we have the beta version ready, an internal testing team will test the program and we will also invite a volunteers supporters to help us test the app before we go for final release.

The subscription payment feature is in the future release. Our aim is first to get the mobile payment for the purchase and social networking features implement at the final release.

How do project developers and managers evaluate its current results? Do you manage to do everything on time?

Will any processes in the platform be automated? Will there be auto-payments, for example?

I agree with that, of course. When did the idea of such a project appear?