Our soft cap and currently accumulated investment received from Credit Card, ETH and BTC is on our main website www.kahnchat.com

The development was started. It is impossible to have all features completed within a month or two but within 6 - 7 months after the ICO closed, all these features will be available to our user. The beta version is scheduled and aim to release in the mid Q2 this year, so not long to wait to see the beta version. The beta version will first have the social networking features on and more upgrade will be released soon along with the development.

KahnChat in fact is a mini exchange, not like the other exchange support buy and sell to many currencies.

KahnChat users can buy and sell the supported cryptocurrency by KahnChat within the app to other KahnChat user in USD.

Example:
BTC/USD, ETH/USD, LTC/USD, DASH/USD, BCH/USD and KCH/USD

KahnChat do not provide other currency support like
BTC/ETH, LTC/BTC, DASH/BTC.... etc

The user who wants to buy the cryptocurrency can browse from the KahnChat mini exchange and use their account balance to buy from the other user who want to sell their cryptocurrency.

The user who sells their cryptocurrency in the mini exchange will receive the fund transfer to their account balance when other KahnChat user buy their cryptocurrency.

For Fiat currency spending, the receiver will receive a push notification when fund arrived, it is almost instant confirmation due to the fund is actually an internal fund transfer from one KahnChat account to another KahnChat account. (unless the receiver does not have internet connection).

For cryptocurrency spending, the receiver will receive a push notification when the network confirmed the transaction, this will rely on the selected cryptocurrency blockchain network. if the selected cryptocurrency blockchain in huge congestion, the notification might not instantly, this is the limitation of the blockchain technology.

The objective of KahnChat payment is to achieve a cardless and cashless world.

The user can use their account balance to buy anything from any shop, pay for any service to any service provider who is also Kahnchat user. In this case, the user doesn't need to have the fund withdraw to cash.

But, we do understand the aim will not happen in overnight, only when more users or merchant start using KahnChat, thus the user can also make withdrawals from their KahnChat account balance to their bank account via SWIFT or IBAN, once the user received fund to their bank account, they can use their bank ATM card to withdraw from any ATM machine.

Kahnchat cryptocurrency wallet will support BTC, ETH, LTC, DASH, BCH and KCH. In fact, KahnChat is a mini exchange on itself so the user can buy and sell their cryptocurrency to other KahnChat user within the app.

Yes

There is a feature in KahnChat where the user can utilize it.

Example:
User A set up a 'Packet Grab' event, set the maximum amount of $xxxx. Set the maximum per reward per click. Set the rules to give or not to give same person who had received the reward.
User A share the link to his friends or family or members
Any KahnChat user received the links can click it, a random reward of $xxx will be awarded to the person who clicked the link.

This feature can be used for many reasons:
1) Some culture want to give 'Packet money' to their family during the New Year, User A can use this for the purpose
2) Some Group owner want to promote their group to increase the level of members, he can use this feature to encourage people to sign up to his group
3) Some merchant want to increase their awareness, instead of dumping hundred thousand in print ad or online ad, the merchant can use this to encourage people who scan the Merchat QR code and follow the merchant.
4) Many activities can use this feature.

Skype is only an IM, WhatsApp features is better than Skype (some people said)

If you know WeChat in China, then WeChat has more features than WhatsApp and run very smooth without the issue of too heavy. 95% of the citizen in China use WeChat now.

When we initial design the plan back to July 2017, we set our soft cap target at $500,000 USD based on the ETH price at that time is $370 p/ETH, so our initial plan is to have 1370 ETH to achieved our soft cap but the ETH price today is up to $830 p/ETH, so we do not need 1370 ETH to achieve our soft cap goal anymore.

Initial plan 1 KCH = 0.002 ETH @ $370 = $0.74

If the ETH price maintains or goes further up, the number of ETH we needed to achieved the soft cap is lesser.

The current 1 KCH = 0.002 ETH @ $830/ETH = $1.66

Due to the ETH price goes up, we increase the EXTRA bonuses to the buyer from our initial plan so the buyers will receive more KCH tokens compare to our initial plan at the same ETH price to contra the ETH price up.

As long as the user's bank accept payment from SWIFT or IBAN, the user can make withdraw of his/her account balance to their bank account, then use the fund to pay for service that cannot accept KahnChat payment.

if the service provider also using KahnChat app, you can simply make a payment to the service in KahnChat account balance without withdraw the fund to the bank.

The user can make fund transfer to any user who has KahnChat app.

Let's look at an example below for how KahnChat payment workflow:


Example 1: Making payment
(Assuming you have account balance in KahnChat, User B also have KahnChat account)

User A = You
User B = Seller (Furniture seller, office supplier, cleaning service supplier etc)

User A --->Make Payment--> User B with his/her account balance
User B --->Received Payment--> from User A and supply the service
(In this example, User A do not need to withdraw his/her fund to his/her bank to make payment)

It might be difficult on this. The reason:
1) The token is not distributed immediately to the token holder after payment, due to
1.1) Token deliver after the ICO closed, so you cannot see any transaction in the contract address as the token is not delivered yet.
1.2) Payment by Credit Card, the fund will be held by our payment processor for 30 days before releasing it to us, so we cannot distribute the token to the token buyer before we actually have a confirmation of the fund arrived.
1.3) Payment by Credit Card, due to fund not release to us and token is not delivered after the ICO close, this cannot see from the contract address.
1.3) We used over 100 ETH address for accepting fund for security reason not a single ETH or BTC address, this is not reflected in the contact address.

We did put the total amount accumulated from Credit Card payment, ETH and BTC in our website.

Although we did announce want to reduce the reward for Facebook and Twitter bounty who join after #500, but we actually did not reduce the bounty reward.

We now choose to close the singup application for both Facebook and Twitter and we continue to gives anyone who signup before the close according to the old Bounty Reward.

So anyone who signup after the #500 on Twitter bounty still enjoyed the old Bounty Reward scheme.

When we want to change something, our first priority is to think on how to protect the signed up bounties and do not want to reduce their benefits.

But in some case, like the blog, we have to reduce the to reward due to the articles is not unique, someone copy other people work and post it in differences website or difference branch, in this case, we cannot award the same reward to this, but we put announcement in the table to warn the new rules apply from 3rd week. Any articles published in week 2, we still honor to what we promised.

Your name is on the Telegram table #420

Not at the initial launch but could be in the future.

The app is just an interface. An UI that communicate to the XMPP server for IM and blockchain for cryptocurrency related activities. XMPP server can support superb load. This is no issue as long as the server spec is kept up with the load requirement.

Adding friend with QR Code is just one of the method can be used to add a friend but there are still other methods can choose, example, by the user's username, by the user's phone number, by the user's links.

The app is an interface to difference core program. For the cryptocurrency related features, the interface communicates with the blockchain server and connect to the network. For social media, current blockchain technology is still not mutual enough for this, the interface will communicate with our XMPP server. There may be too technical for me to answer here as it was defined by our co-founder Dr. Ulrich Hatje and the engineers' team on how the interface communicate each other.

KahnChat mobile payment plan to support the following cryptocurrency

1) BTC
2) ETH
3) DASH
4) LTC
5) BCH
6) KCH

Fiat currency support the following:
1) USD
2) GBP
3) EUR

Blockchain is no doubt a good database platform. KahnChat payment wallet supports cryptocurrency thus it will have interface to connect to the blockchain.

Some of the features can utilise today blockchain technology but not all can be supported by the current blockchain technology. Anything which does not require instant confirmation or instant response to support the feature, blockchain technology can be in the plan for it but further research, development and testing is needed to carry out for more sophisticated features.

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No, in this case, please IM me with your ETH address. I will correct it according to your number.