Fueled by global mobile internet and smartphone adoption rates, KahnChat by Kahn Technology Ltd is an innovative new communications project which aims to incorporate mobile payments in a blockchain based social networking chat app.
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Mobile communication has become an integral part of our everyday lives, by combining a social networking/mobile messenger with on-the-go mobile payments, KahnChat aims to disrupt an industry with 2 billion current users and an expected 2.48 billion mobile messenger users by 2021 (according to statista.com). The revenue of the global mobile payments market was an estimated 780 billion USD in 2017.
With the app you’ll be able to pay bills, order online, initiate fund transfers or make POS payments. Payments via the app will be done using cryptocurrency or FIAT payment options. You’ll also be able to transfer funds easily to any other Kahnchat user via the messenger along with traditional messenger features like text, groups, live streaming, voice and video calling.
KahnChat aims to generate revenue from it’s mobile payments feature. It’s goal is to capture at least 1% of the global mobile payments market-share. It’s ambitious roadmap will see the first version of the app being launched by Q3 2018.
A full list of the final apps features:
- Mobile Payments
- Fund Transfer
- Cryptocurrency Exchange
- Voice chat/message
- Video Chat/conference
- File transfer
- Personal/Business Page
- Live Stream
Total Supply: 80,000,000 KCH
Their token sale is live, there will be a total of 64,000,000 $KCH tokens for sale. The ICO has a soft cap of 500 ETH ($500,000) and a hard cap of 100,000 ETH ($100 Billion), they have raised $137,313 so far at the time of writing.
There will be bonuses for earlier ICO investors as follows:
- Phase 1: 4-12 Feb- 15% Bonus
- Phase 2: 13-18 Feb- 10% Bonus
- Phase 3: 19-24 Feb- 5% Bonus
- Phase 4: 25-28 Feb- 2.5% Bonus
Once the ICO has completed by 28th of Feb, the funds raised will be used according to the budget in the pie chart diagram below: