Kaching is a product that focuses on the investment industry, and while that in itself is nothing new that does not have to mean that it will not be worth our while checking out exactly what it is that they are trying to offer. After all, there is always the chance that they have some secret and magical formula that could help with investments, so exploring it further seems to be a good idea.
The company states that they are looking at trying to resolve some problems associated with investing whereby some individuals cannot access the tools that they need, or there are problems in getting to the relevant Forex exchange. They believe that by using the blockchain, and via their platform, that these issues will become obsolete, which is going to be pretty cool if it turns out that this is actually true.
Operating a blockchain based ecosystem, the platform is looking at offering not only an investment aspect but also an exchange. Furthermore, they are seeking at providing trading tournaments, which is certainly different to what most would expect when dealing with something that people tend to take quite seriously.
The token that they have created is an ERC20 token, so it will be compatible with the majority of Ethereum based tokens. However, it can be used for more than just completing investment or trading transactions as it will also be used to purchase memberships or to receive additional training in investing to further your knowledge of the subject.
Basically, you will gain access to the trading and investment platform and see what is available on the network. You make your decision, including what you want to invest, and the process is completed in the same way as it is on a normal cryptocurrency exchange. In other words, they are not going around re-inventing the wheel but by throwing in some additional tools for trading, and the education side of things, it does mean that they are at least trying to do something that is a little bit different to the norm.
With the investment, then you are allowed to diversify as much as you want and there is also the option of getting involved in margin trading using cryptocurrency as the leverage. This part may be for the more advanced trader, but just having it as an option is a good move.
Kaching is undoubtedly seeking to provide an easy to follow platform, and for that they should be congratulated as that is not always the case. Also, their entire product is not too complicated whether it is the tools, the trading aspect, or the exchange. Everything is set to run as smoothly as possible, which is always going to be welcomed by people, so there should be very little chance of people having a negative experience when they log onto the Kaching platform.
Also, people have commented on a number of key aspects regarding the service provided by Kaching including the ease with which individuals can communicate with one another on the platform. This makes it easier for them to share information, and then make better investments, so they are obviously seeking to provide a community feel since it would benefit everyone if this was the case.
We need to also spend some time checking out the financial side of things and what we see is that there are just over 250,000,000 tokens being produced and half of them were made available for the ICO. They also managed to raise just under $2 million, which is certainly enough for them to get started and really push their product through and onto the next level. They are seeking to incorporate a referral program which will then lead to bonuses, which is why half of the tokens were kept back from the public sale, along with some being distributed to those involved in the project.
Overall, they appear to have the financial side of things nailed down and they didn’t aim too high when it came to their targets. Of course, it would not exactly inspire confidence in an investment platform if it was viewed by many that they had made mistakes with the financial aspect during this period.
What the project is offering appears to be a solid investment and trading platform that delivers on the different things it promises. They are at least looking at helping more people to get involved in trading via a series of tools that will help to spell out what is expected from individuals. How successful they are going to be is the big question as there are, of course, a number of other opportunities out there using blockchain technology that are along these exact lines.
If they are able to build that community feel, and if individuals then believe that people are pulling for them and trying to help one another, then it can be easy to see why Kaching could take off. The first six months in particular is going to be something that needs to be observed simply because it will help you to decide if you should invest in the token that they have produced since it lies at the abslolute heart of the different transactions that take place on the platform.
So far the project has received good reviews from most of the ICO review so it's definitely worth further research. They also seem to have a strong team which is always one of the most important aspects when investing into a new token sale.
Check out further details on their website:
Website here
Telegram channel: https://t.me/kachingcoins
Twitter: https://twitter.com/kachingcoins?lang=en
