What is KahnChat?
KCH is a virtual currency (cryptocurrency) that will be associated with a multi-purpose mobile app that will combine payments services and also social media functionality. The KahnChat mobile app will be used to perform transactions (fund transfers, bill payments, online shopping, etc.) but also will include a special social media platform. The social networking features will allow users to send messages via text, video, audio, images and more. You can see a video PR explaining what KahnChat will do here:
- One App to rule them all. The KahnChat mobile app will be a multi purpose app combining features from several other apps. The app will be secure and allow online transaction, as well as making payments. Furthermore, it will combine voice, video chat and text messaging functionalities, the possibility to transfer files in between devices and much more.
- Transferring funds. Since the app will include payment functionality, you’ll be able to transfer funds to your family/friends without even knowing their bank account details. the funds don’t have a delay in transferring, they are being sent instantly.
- Social networking. The app will also include social networking functionality. With it you will be able to connect with friends, family and other users (Facebook-style), share stories and comment on others. You’ll also be able to create and follow brand pages.
KahnChat Token and ICO Details
The KahnChat ICO started in February (actually a pre-sale right now) and will end on March 1st or when the hardcap is reached. The ICO has multiple phases, all with a different discount and bonuses. KYC is optional but offers you an extra bonus for adding your customer details. You can see a presentation of the KahnChat ICO here:
Key facts about the KahnChat ICO
- ICO Registration: Contribute to the KahnChat ICO here
- ICO Start Date: February 4th, 2018 (first ICO phase)
- ICO End Date: February 28th, 2018 (last ICO phase)
- Hardcap: 64,000,000 KCH tokens (including bonus)
- Softcap: –
- Supported payment methods: ETH, BTC, Credit Card
- Current token bonus: 25% Bonus during Pre-sale, 15% ICO Phase 1, 10% ICO Phase 2, 5% ICO Phase 3 and 2.5% ICO Phase 4
- Price (incl. bonus): 1 KCH = 0.002 ETH (~2 USD at current price)
- Maximum amount of tokens to be generated: 80,000,000 KCH tokens (including bonus tokens, founder’s tokens and bounties).
- Pre-ICO: 25% of the tokens, meaning 20,000,000 KCH
- Public ICO: 55% of the tokens, so 44,000,000 KCH
- Partner: 5% of the tokens, 4,000,000 KCH
- Advisor: 5% of the tokens, 4,000,000 KCH
- Foundation: 5% of the tokens, 4,000,000 KCH
- Team: 5% of the tokens, 4,000,000 KCH
KahnChat Token Whitepaper:
- Executive team has right now 6 members and 3 advisors
Here’s the key elements from the KahnChat Roadmap:
- 2017 – The KahnChat idea is born, Kahn Technology Ltd is launched in the United Kingdom
- Q1 2018 – Token sale and app development (XMPP)
- Q2 2018 – Expanding team, Payment Institution License application, API Development
- Q3 2018 – Launch KahnChat app (non-blockchain) version, KahnChat digital wallet and API features
- Q4 2018 – Launch Discount Voucher feature
- Q1 2019 – Launch Corporate version customer support platform, Staff management
- Q2 2019 – Launch Point-of-Sales software and hardware, KahnChat app blockchain technology version, Mobile gaming platform development
- Q3 2019 – Launch Mini program, live streaming platform development
- Q4 2019 – Mobile gaming beta version
- Q1 2020 – Launch Live streaming platform
KahnChat Token ICO rating (aggregated from the major ICO rating providers):
- ICOmarks: 8.0/10
- ICObench: 3.6/5
Aggregated final score: 76.00% (out of 100%) – Very Good. Everything over 50% is good, over 75% is excellent.
ICO Phases and bonuses:
- Pre-ICO (1st February 2018 to 3rd February 2018). Minimum purchase of 500 KCH (1 ETH), with a 25% bonus. An extra KYC/AML completion bonus of 25%.
- Public ICO Phase 1 (4th February 2018 to 12th February 2018). Minimum purchase of 50 KCH (0.1 ETH). Base Bonus of 15%, KYC/AML bonus of 20%
- Public ICO Phase 2 (13th February 2018 to 18th February 2018). Minimum purchase of 1 KCH (0.002 ETH). Base bonus of 10%, KYC/AML bonus of 15%.
- Public ICO Phase 3 (19th February 2018 to 24th February 2018). Minimum purchase of 0.5 KCH (0.001 ETH). Base Bonus of 5%, KYC/AML bonus of 10%.
- Public ICO Phase 4 (25th February 2018 to 28th February 2018). Minimum purchase of 0.1 KCH (0.0002 ETH). Base Bonus of 2.5%, KYC/AML bonus of 2.5%.