The name for the ionic compound KMnO4 is potassium permanganate. It is also known as permanganic acid, potassium salt, chameleon mineral, Condy's crystals, permanganate of potash, argucide, cairox, insta-perm and walko tablets. Potassium permanganate is a very oxidative water-soluble compound with purple crystals and a sweet taste.
According to Iowa State University, if potassium permanganate comes in contact with other materials, it may cause a fire. One of the ways in which potassium permanganate is prepared is by oxidizing manganese dioxide with potassium chlorate in potassium hydroxide solution. The oxidation is completed with chlorine or air and carbon dioxide. Potassium permanganate that is absorbed through the skin is harmful and can cause different side effects, including skin irritation, skin rash and possible burns.