Wow has it already been a year?
On May 29th, 2018 QARA’s market forecasting app KOSHO was first launched as beta-service in the App Store and Google Play Store. You can read more about the release here. With a focus on AI tech, this user-friendly mobile app aims to help individual investors view overall market performances and help decide which stock to invest.
What Is It?
KOSHO utilizes QARA’s patented “Market Dreamer” technology, which is based on AI deep learning. What this essentially means is that customers can take in large amounts of datasets and have all relevant and updated information readily available at any time. QARA’s core AI engine analyzes the past 30 years of market history and takes into account nearly 400 million datasets, allowing customers to better understand historical movements and recognize similar market patterns in the present time.
Included in the datasets are 20,000 + global stocks (USA, Japan, South Korea, Singapore, etc.), 38 major financial indexes (NASDAQ, S&P500, Dow, etc.), and 24 cryptocurrencies (Bitcoin, Ethereum, Ripple, etc.). Through an interactive gamification feature, customers can see how each stock, index, or cryptocurrency will perform on the following 1 week, 1 month, and 3 months. They can see the expected return rate as well as the target price.
Other features include events analysis, competitor analysis, AI recommended thematic stock portfolios, AI speaker, and a donation function. Customers have praised our friendly UI/UX as well as its general easy-to-understand data information.
If you haven’t downloaded KOSHO, click here.
What Does ‘KOSHO’ Mean?
The word ‘kosho’ has two special meanings.
- Ancient Books — Just as people rely on books to grow their knowledge, our app analyzes substantial data to provide critical insights to investors.
- Higher Perspective — Our AI deep learning technology can detect patterns and algorithms that normal people just can’t seem to grasp.
Both meanings fit appropriately to KOSHO’s mission to help individual investors better understand the markets and make smarter financial decisions.
How Successful is KOSHO?
KOSHO has been out of beta for only 2 months, but it has reached 130,000 + downloads thus far, with 70,000 + active users from 10 different countries worldwide. Our service is available in 5 different languages, including Korean, English, and Japanese.
According to the number of downloads by country, South Korea is the highest at 84.7%, followed by Singapore with 4.2%, the United States with 3.5%, Japan with 2.2%, Taiwan with 1.5%, and the United Kingdom with 1.1%. The percentage of users by mobile operating system is 72% Android and 28% iOS.
The percentage of users by gender is 72.5% male and 27.5% females. The most popular age group is 25–34 years old (male 24%, female 9.3%) and followed by 35–44 years old (male 16.7%, female 4.3%). 54.4% of the users are in the 25–44 age range.
The total number of financial quizzes (KOSHO’s unique gamification feature that shows whether a stock will rise or fall after a week) issued by users over the past year is 3,689,453. Considering the total number of KOSHO downloads is over 130,000, this means one user has solved an average of 28 financial quizzes.
Future Plans
Through the regulatory sandbox initiative, KOSHO hopes to integrate a direct investing feature in the app. If QARA is able to include this function, our existing and new customers will be able to invest directly in overseas stocks without paying any transaction or exchange fees. This will ultimately reduce the costs to nearly 98%. Hopefully KOSHO will achieve QARA’s vision to democratize the financial systems so that anyone can learn to become better and more confident investors. There’s more coming for KOSHO, so please stay tuned!
Check out KOSHO’s brand video:
