KAHNCHAT ICO OVERVIEW
An Initial Token Sale or Initial Coin Offering (hereinafter — “ICO”) is the event through which a cryptocurrency startup sells part of its cryptocurrency tokens to early investors and enthusiasts in exchange for funding. For the party offering the tokens for sale, this provides a proven methodology for raising funds and ensuring adoption of the tokens once they are in circulation and is a popular way to upscale an existing product or service. On the other hand, for the purchasers of tokens, ICO is an opportunity to participate in the early development of cryptocurrency business.ICOs are a way for early cryptocurrency holders to diversify their holdings using the cryptocurrency itself.
KahnChat ICO is aimed at leveraging the potential of this funding methodology to be able to raise sufficient funds to fuel the development and marketing of our own crypto coin.
The massive increase in the value of cryptocurrencies significantly contributed to the growth of ICO market during the last year. The market capitalization of all Cryptocurrency has risen from $7 billion in January of 2016 to over $130 billion in September 2017.
Bitcoin has appreciated nearly 30X since September of 2013 ($135 USD per Bitcoin), reaching over $7,500 per Bitcoin in November of 2017. In part, this is due to Bitcoin’s role as the most widely known, used, and accepted cryptocurrency for payments.
Ether has appreciated more than 100X since August of 2015 ($2.83 USD), reaching over $290 in November of 2017. In part, this has been due to Ether’s role as the core utility token of Ethereum — the most widely used blockchain-based computing platform for ICO’s / token sales.
In the last year, we’ve seen an incredible move by startups and founders towards the use of blockchain technology and tokenized models. Rather than building new products on centralized architectures and database structures, an incredible wave of new development and innovation is happening on blockchain technology to kick off new decentralized services and models.
We strive to become next in the chain of successful cryptocurrency startups who have managed to raise funds by conducting successful ICO campaigns. KahnChat ICO is as user-oriented and client-centric as possible. We intend to return all the investments back to our token holders along with amazing profits. The event will be held in multiple phases.
KahnChat Pre-ICO Sale
The pre-ICO sale will be conducted from 1st February to 3rd February 2018. A total of 20,000,000 KCH tokens (approximately 25% of all KCH tokens) will be put out on sale. The minimum purchase requirement is 500 tokens. The pre-ICO sale buyers will also get an additional 50% bonus (25% for sign up and 25% for KYC validation) on their coin purchases.+ Token name: KahnChat Token ticker: KCH Token type: ERC20
+ Token issuer: Kahn Technology Ltd(a UK Limited company)
+ Token price: 1 KCH = 0.002 ETH (500 KCH = 1 ETH)
+ Amount on offer: 20,000,000 KCH (including 25% bonus)
+ Registrations start date: January 2018
+ Start date: 1st February 2018, 00:00:00 (GMT +0) Percentage of KCH on offer: Approximately 25% End date: 3rd February 2018, 23:59:59 (GMT +0)
+ Minimum purchase amount: 500 KCH (worth of 1 ETH)
+ Maximum purchase amount: Unlimited
+ Mining: No mining or any other means of increasing token amounts will apply to KCH Token.
Also known as KCH token, it is a virtual currency that can be purchased and exchanged through KahnChat wallet and can be used for making payments for purchases at supported merchants and to transfer money online, same as the bitcoin. KCH tokens are valued in terms of Ethereum:
+ 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
A total of 64,000,000 (80% of all) KCH tokens will be available on sale during the Pre-ICO and public ICO.
KahnChat Public ICO Sales
The KahnChat ICO General Sales will be held in four phases with the first phase commencing on 4th February 2018. Each phase offers a different bonus with a different minimum purchase requirement.On 4th February, 2018 at 00:00:00 GMT +000 the Distributor will offer a maximum (fixed limit) of 44,000,000 KCH tokens (approximately 55% of all KCH tokens if the maximum limit during pre-sale and ICO to the general public is reached, including bonus) for sale to the general public.
There will be a cumulative maximum (hard capped limit) of 66,000,000 KCH tokens (including bonus) in the KahnChat Pre-ICO Sale and ICO to the general public combined. The total amount of KCH tokens distributed during the pre-sale and during the ICO to the general public will constitute 80% of all KCH tokens. The remaining 20% of KCH tokens will be distributed among the advisors, bounty team, development team and partners.
+ Public ICO Phase 1 — with 15% bonus
General ICO Sale Phase 1 starts from 4th February 2018 00:00:00 London Time zone GMT +000 and finishes on 12th February 2018 23:59:59 London Time zone GMT +000
Buyers receive 15% extra bonus on the total tokens purchase.
Minimum purchase requirement — 50 KCH Tokens (0.1 ETH)
Maximum tokens allocated for General ICO Sales for all phases are 44,000,000 KCH Tokens.
Sales might close early if the maximum of 44,000,000 KCH are sold.
+ Public ICO Phase 2 — with 10% bonus
General ICO Sale Phase 2 starts from 13th February 2018 00:00:00 London Time zone GMT +000 and ends on 18th February 2018 23:59:59 London Time zone GMT +000
Buyers receive 10% extra bonus on the total tokens purchase
Minimum purchase requirement — 1 KCH Token (0.002 ETH)
Maximum tokens allocated for General ICO Sales for all phases are 44,000,000 KCH Tokens.
Sales might close early if the maximum of 44,000,000 KCH tokens are sold.
+ Phase 3 — with 5% bonus
General ICO Sale Phase 3 starts from 19th February 2018 00:00:00 London Time zone GMT +000 and ends on 24th February 2018 23:59:59 London Time zone GMT +000
Buyers receive 5% extra bonus on the total tokens purchase.
Minimum purchase requirement — 0.5 KCH Tokens (0.001 ETH)
Maximum tokens allocated for General ICO Sales for all phases are 44,000,000 KCH Tokens.
Sales might close early if the maximum of 44,000,000 tokens are sold.
+ Phase 4 — with 2.5% bonus
General ICO Sale Phase 4 starts from 25th February 2018 00:00:00 London Time zone GMT +000 and ends on 28th February 2018 23:59:59 London Time zone GMT +000
Buyers receive 2.5% extra bonus on the total tokens purchase.
Minimum purchase requirement — 0.1 KCH Tokens (0.0002 ETH)
Maximum tokens allocated for General ICO Sales for all phases are 44,000,000 KCH Tokens.
Sales might close early if the maximum of 44,000,000 coins are sold.
The KCH app along with the token will be released in the second quarter of 2018. The digital wallet feature will also be developed in this period. Both the wallet and the mobile app are expected to be launched by the third quarter of the year. Kindly refer to the roadmap mentioned above for details.
Distribution Structure
80% of all KCH tokens (80,000,000) will be on sale to the public between the phases of the ICO pre-sale and the ICO sale scheduled in February 2018.At the same time, KCH feels that it is essential that the interests of KahnChat are aligned with those of the ecosystem in the long-term. In order to support long-term growth in a sustainable way, founders and the development team of KahnChat will be rewarded with 5% of tokens in exchange for their efforts and resources contributed to the development of the KahnChat
products.
Details of the distribution of tokens: Total supply: 80,000,000 KCHs
25% — Pre-ICO Sales (20,000,000 KCHs)
55% — General ICO Sales (44,000,000KCHs)
5% — Advisors (4,000,000 KCHs)
5% — Founders/Team (4,000,000 KCHs)
5% — Affiliate Program (4,000,000 KCHs)
5% — Foundation/Bounty (4,000,000 KCHs)
(*)- Tokens issued during the ICO pre-sale and ICO sale to the general public will constitute 80% of all KCH tokens. The above-mentioned percentage will be acquired in the event that maximums (fixed limits) are reached on both stages.
In the event that not all Tokens available for purchase in the Token Sale are sold prior to Closing, all unsold Tokens will be held in the Foundation as Reserve Tokens for future sale.
Uses of fund
The funds raised through the sale of KCH tokens will be mostly used in the development and expansion of the infrastructure. The structure for token distribution and allocation is mentioned below.
+ 20% Wages & Contractors fees
+ 2% Legal related expenses
+ 50% Marketing & Promotion
+ 10% Sales expenses
+ 5% Administration
+ 3% Equipments & Tools
+ 5% Bank guarantee
KahnChat ICO Bonus Scheme
Each purchase of KCH coins during the ICO sales is subject to a specific bonus. The bonus tokens will be added to the wallet along with the KCH tokens that you have just acquired. For example, if you have pledged to buy 100 KCH tokens within the first 24 hours of General ICO, you will receive 10 KCH tokens as bonus, so 110 KCH tokens will be received in total.+ KahnChat Pre-ICO Sale — 25% Bonus
From 1st February 2018, 00:00:00 (GMT +000)
To the 3rd February 2018, 23:59:59 (GMT +000)
Minimum purchase 500 KCH (1 ETH)
+ Public ICO Sales Phase 1–15% Bonus
From 4th February 2018, 00:00:00 (GMT +000)
To the 12th February 2018, 23:59:59 (GMT +000)
Minimum purchase 50 KCH (0.1 ETH)
+ Public ICO Sales Phase 2–10% Bonus
From 13th February 2018, 00:00:00 (GMT +000)
To the 18th February 2018, 23:59:59 (GMT +000)
Minimum purchase 1 KCH (0.002 ETH)
+ Public ICO Sales Phase 3–5% Bonus
From 18th February 2018, 00:00:00 (GMT +000)
To the 24th February 2018, 23:59:59 (GMT +000)
Minimum purchase 0.5 KCH (0.001 ETH)
+ Public ICO Sales Phase 4–2.5% Bonus
From 25th February 2018, 00:00:00 (GMT +000)
To the 28th February 2018, 23:59:59 (GMT +000)
Minimum purchase 0.1 KHC (0.0002 ETH)
WHAT IS KAHNCHAT?
Kahn technology Ltd is working on developing a mobile payment system integrated with a social media app. This development will commence as soon as the ICO campaign is concluded.Kahn Technology Ltd believes that the future of blockchain technology holds so much potential as a medium for data storage and plans to set up a complete social based digital wallet, KahnChat app, the first prototype of which will be released by mid- 2018. The prototype will enable users to experience the app’s workflow while the development team works on developing the main version of the KahnChat app for a future release.
The KahnChat app can be used as a mobile payment platform for paying bills, fund transfer and making payments for orders, and as a social media app for messaging via text, voice and video, user-
story sharing and for increasing the fan base and followers of a business or a public figure.
The app also allows users to top up their wallet account balance with fiat currency or cryptocurrencies like Bitcoin or Ethereum. Buying
cryptocurrency with the app will be made possible using a debit or credit card or by transferring funds from a bank account.
The ICO (Initial Coin Offering) is the first step in our effort to offer a highly- optimized and secure cryptocurrency based mobile wallet solution to our users. We will be holding pre-ICO and public ICO sales in order to raise sufficient funds for the development and marketing tasks of our project. Continue reading to know more about the ICO, its purpose, benefits, features, and timeline.
The main purpose behind the KCH Initial Coin Offer or ICO is to commence the research and development needed to develop the social media app using Blockchain technology while raising capital for the application of the Payment Institution License (PIL) needed for the digital wallet payment system.
A successful ICO will provide more opportunity to take in more software engineers needed to develop the various features as stated in this whitepaper. It will also allow us to deploy more effective marketing techniques and promotion strategies to launch the KahnChat app simultaneously in different countries.
WHY INVEST IN KAHNCHAT ICO?
Here are some other reasons why KahnChat ICO is the best ICO to invest in 2018.Imagine a social networking app where you can not only chat and socialize with people but also you can send money, make transfers and even pay for your purchases, and not just with Fiat currency but also with cryptocurrency. How cool is that!
The KahnChat social networking and mobile payment app has all the features mentioned above and then some more. There is a separate digital wallet where users can manage their KCH tokens and use them for trading on cryptocurrency exchanges and buy goods online/offline.
HOW TO BUY TOKENS
Registration
You must be a verified KahnChat user to be able to purchase KCH tokens during the ICO sales.Users without a KahnChat account should sign up at www.kahnchat.combefore they can get access to the ICO participation link which will be distributed only to user accounts. Upon following the participation link, the ICO Terms & Conditions should be accepted. Thereafter, the user will be redirected to the ICO participant personal account.
Users who are already registered on KahnChat website may login to their accounts using their user id & password on www.kahnchat.com. Then, you have to accept the ICO Terms & Conditions before proceeding to the ICO participant personal account page. Users who are already logged in to KahnChat should follow the onscreen instructions in their KahnChat account and accept the ICO Terms & Conditions.
Purchasing KCH Tokens
Each KCH token will be sold for 0.002 ETH. ETH or credit card is the accepted payment method.KCH tokens will be available for purchase through the ICO participant personal account. In order to buy tokens, the user will have to send funds to the addresses and QR codes of KahnChat Ethereum wallets mentioned on the page. Information on the total amount of tokens purchased, the ICO schedule, token cap, and the percentage of the total amount of tokens sold will also be available in the ICO participant personal account.
The details of the transfer will become available in the user’s purchase order list in the ICO participant personal account after the transaction confirmation is received.
Transaction details will contain the confirmation time, transaction amount, the number of tokens received, and the number of bonus tokens depending on the ICO phase during which the purchase is made.
Tokens will be delivered to the user’s specified ETH wallet shortly after the payment is confirmed. The KahnChat team will make their best effort to promptly summarize and reconcile all the necessary statistics that will be needed for the appropriate token delivery to all ICO participants.
Token Listing
KCH tokens will trade under the ticker symbol KCH, and will be listed on major exchanges shortly after the ICO. Management will do their best to ensure that KCH token is listed on all reputed digital currency exchanges prior to the token sale event in order to increase liquidity. There is, however, no guarantee that this will occur as it is out of the control of the management.
THE BACKGROUND (AND IMPORTANCE) OF BLOCKCHAIN
Before the emergence of Blockchain technology, TCP and IP protocols were used to transfer information and keep in touch with family and friends. This has changed now as the development and use of interconnectivity and its attendant integrated technologies like the Augmented/Virtual Reality and the Internet of Things have further provided different means of communication, information distribution and sharing.
Today, information continues to be tokenized and digitized, yet this is not enough to meet the basic development needs of our emerging and developing society. This has given rise to the question of how we can transfer or distribute communication through social media, digital value and payments among ourselves in the cryptocurrency market.
We need to consider if we can digitally integrate social media with a peer-to-peer payment successfully in one application. Other previous payment methods in existence required a third-party payment processor between the peers to be successful. The Bitcoin has nullified this due to its support platform.
The Bitcoin holds the record of being the first peer-to-peer value transfer protocol (VTP) in existence. In this Whitepaper, we have introduced a practical implementation of a VTP through the internet.
The world is becoming increasingly globalized with private and public businesses striving to put their services and solutions online. Most of these companies are in critical sectors like education, healthcare, commerce and tourism/hospitality.
The digitalization efforts made by these businesses is to help them meet up with the demands of keeping with competition while serving new and existing customers globally.
The KAHN project is geared towards providing better facilities and enhancing the crypto-payment industry through the deployment of the Blockchain ecosystem.
APP FEATURES AND APPLICATIONS
The KahnChat app incorporates more than just the normal chatting feature associated with most communication apps. It is a one-stop social cum digital payment solution for every user between the ages of 18–65 years.Other user features include the ability to add friends either from the address book or by scanning a person’s QR code. Stories can also be shared by users in the form of pictures, videos with an option for further engagement through comments. Users will be able to create groups, invite friends to groups, follow famous artists and public figures by scanning their public QR codes to get the latest updates and news.
Users can also follow a business or company just by scanning their public QR code to start receiving updates, occasional discount vouchers, special promotion packages and other benefits.
In addition, the app allows secure payments of utility bills using the major cryptocurrencies, debit and credit cards and bank accounts.
Other KahnChat App features
Applications of the KahnChat Mobile App/ Wallet/ Exchange/ Token
The mobile application along with its digital payment feature can be used in the following industries.
SERVICES
Mobile Payment
Mobile payment is one of the best features of KahnChat app. KahnChat mobile payment transaction fee for the merchants is only 0.6% per transaction.KahnChat digital wallet accepts fiat currency. The wallet also accepts cryptocurrency, allowing the user to cash in their cryptocurrency into KahnChat wallet for purchase, transfer or withdrawal.
Digital Wallet & Exchange
We also plan to launch a dedicated exchange platform for our cryptocurrency which will make it easier for users to purchase KCH tokens, sell them or transfer them to other users, through a simple mobile app.Social Networking
KahnChat isn’t just a mobile payment platform, it is integrated with a social media app and has been combined with other features to help simplify our daily life. The app can be used for text messaging, voice chat, video chat, and other social activities.TEAM
MORE INFFO
Website: https://www.kahnchat.comFacebook: https://www.facebook.com/kahntechltd
Twitter: https://twitter.com/kahnchat
Telegram: https://t.me/joinchat/F40qnhIuEgIFMrGbr1uinQ
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2644550.0
AUTHOR
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1785333My ETH: 0xef1A7Ef523c3eed127fe7572859c3378257FC987
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