Topic: ⭐[ANN][ICO]⭐⭐⭐⭐KahnChat Mobile Payment and Social Networking Crowdsale Live Now - page 32. (Read 4655 times)

Looks interesting, hope it will be something like WeChat with ability to do payments.

 Hello, just read TSA and was unpleasantly surprised why did you exclude USA? I think it is not fair.

A good marketing strategy and proper planning can achieve the goal triple the result with the same amount spent. We already have the plan, the only possibility of failure is no user's want to download the app but this is unlikely to happen. We have huge interests from the users on the app features.

The payment is processed by Paypal, if you have Paypal account and have your card added to Paypal then no problem otherwise cannot.

The developer doesn't gain profits from the user who use the social app.

The income stream for KahnChat comes from multiple channels.
i) Mobile Payment Transaction
According to "The Statistics Portal" source, the total value of card transactions in the United Kingdom, Germany, France, Italy and The Netherlands for the year 2016 is 1787.8b €.

These do not include the other 23 EU member states and other countries across the globe.

KahnChat’s mobile payment target is 1% of the market share, which adds up to approx. 17b € worth of transactions each year.

With the KahnChat mobile payment transaction charge to a merchant being 0.6% per transaction, the potential income for KahnChat from the mobile payment feature alone sums up to 107m € per year.

2) Others
- Discount voucher system fees to merchant
- Mini-Apps to for merchant
- Other corporate programs fees to organisation, merchant or seller
- Mobile Gaming games credits sales
- Live streaming gifts sales
- bill payment agency fees
- Exchange fees
- etc

Hello team, I see that your project is gaining momentum.  I do not have neither Mastercard nor Visa, but I have Maestro card. Do you accept it?

This is not only your concern, it is also what our buyers, advisor, bounty team, developer team and partners concern topic.

We will try to get the tokens listed as soon as possible after the ICO closed. We have a list of exchange sites including the well-known exchange, but due to many of the exchange has their strict rules and regulation and non-disclosure terms, we are not in the position to announce the name of the exchange before the exchange accepted us.

We will try our very best to have it listed as soon as possible.

Tokens or coins transfer is a blockchain feature. KahnChat mobile wallet has a feature allows the user to set their max spent amount per day or set to unlimited.

You might be undergoing a temporary block for security reason if your spent pattern has dramatically changed.  This is a normal security protection for our user. We implement the security as like what other financial institution did to protect user account. You will be contacted by our transaction security team to verify your spending, after the verification, your account will be unlocked. This only happens if your monthly spent pattern has dramatically.

152 m people to end of 2020 is really big number. How do you want to attract so much?

The scientist is insane but they invented the light bulb and electricity so we are sitting in the bright room at night.

Mobile payment and social networking in one app sound insane but it will become a future trend of cashless world.

At the moment, mobile wallet for Fiat currency is planned to support USD, EUR and GBP. Other country currency will be added later when we obtained the permission from the said country. Some country are totally closed their door for foreigner company, we will try our best to add what we can be obtained.

our aim is to achieve the 1% market share by the year 2020. The more supports we received on the Pre-ICO and ICO will helps us make it more quickest. The world gameplay was changed, you can have the app become famous overnight if you have sufficient marketing budget or takes ages to promote it without financial support.

The cost of developing the app isn't much, we don't need to have ICO if we just want to develop the app, but getting the app out and make it available for many countries requires significant marketing budget. You can see our User of Fund section, we allocated 50% of our fund for marketing purpose.

The app is in the development, estimate beta version release for the social networking features is scheduled on the Q2 2018.

We charge 0.6% transaction fees to the merchant for mobile payment for goods and service purchase not for exchange fiat currency <=> cryptocurrency.

The app will have an internal exchange centre to allows users selling and buying cryptocurrency from and to other users.

Selling Cryptocurrency:
- User A put a sell on the KahnChat internal exchange.
- User B buy it
- Fund taking off from User B account balance (fiat currency)
- Fund transfer to User A account balance (fiat currency)
- Cryptocurrency transfer to User B cryptocurrency wallet

The objective of KahnChat project is to deliver an All-One app where it can support
i) Mobile payment features in Fiat currency with or without limits set (user preferences setting)
ii) Mobile payment features in Cryptocurrency allows merchant who wishes to accept cryptocurrency as a mode of payment.
iii) Cryptocurrency <=> Fiat Exchanging in one place
iv) Fund transfer to other users without knowing their bank details
v) Integrated Social Networking allows the user to connect to other users without the need of download another app
vi) Pages follow in one place
vii) Post sharing in one place
viii) Issue discount code and send to followers in one place (Merchant service features)

There are lots more features can be added during the development but all these not going to happen overnight. It will be implemented step by step,

No business can be run without compliance with the regulations. The features where KahnChat aims to implement is not a new feature in the globe but a combination of the best features into One.  We are definitely following the country laws and regulations for each feature.

Just one more thing I don’t understand is how will the developers gain profit on this. Will there be any ads built in-app?

Token price for Pre-ICO and ICO:
0.1 KCH = 0.0002 ETH
1 KCH = 0.002 ETH
10 KCH = 0.02 ETH
100 KCH = 0.2 ETH
500 KCH = 1 ETH

Oh, we are realised it has been listed in DigRate.com

For mobile payment, the app divided into a different section. Fiat or Cryptocurrency. To completely have the app run in blockchain, it takes times to develop the smart contract, test it and even might need to develop our own blockchain if necessary. So the beginning stage of the project is to get the function and features running first even some of the features are still implementing the current standard technology.

1) Fiat Currency:
At the beginning, the Fiat currency is still using the standard technology, implementing the industry security as to what other financial institution applied to ensure the security of the user's fund. The blockchain technology for fiat currency will in research and development during this stage, it will take many steps, procedures, testing, fixing before it can be officially launched to the public. User's fund security is our priority.

Fund transfer for Fiat currency at this stage is not in blockchain technology but standard well-known technology. Fund uses for purchase are taking off from the user's account balance with multiple security measurements including 2 factors confirmation with fingerprint, security code or message code etc.

2) Cryptocurrency
The merchant who wishes to accept cryptocurrency as a payment source instead of Fiat currency is the cryptocurrency user too. The Merchant also need to agree to the terms of use and make themselves aware of the possible network congestion might cause the payment in cryptocurrency would not be able to give instant confirmation. We are not the one who makes cryptocurrency wallet and payment, the blockchain technology uses on the cryptocurrency wallet and payment is not a new technology but consider semi-mutual technology. The Merchant will need to wait for the confirmation before releasing the goods.

Hi,

I know that during ICO this question can be taken as stupid, but.. is there any exchange where we can trade KCH tokens? I almost sure that not, but maybe you have estimated time when and where KCH will be listed?

Hello devs, are there any limits for transfering tockens from one wallet to another? I mean If I want to send money regularly in pretty large amount.

This project seems to be good, but I have some social applications and a crypto wallet, why should I merge them?

Cryptocurrency in social media app – that’s insane! I wish you good luck team! Could you answer my question: what fiat currency can I hold in the application?

Hello, I see you did a great job out there! How soon do you plan to achieve 1% of the market share? It seems to be not as easy as I think.