Chimpion Blockchain-based Ecommerce Ecosystem

in #blockchain6 years ago

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The year 2008 is a year that the world cannot just forget so soon, it came with many disasters which includes Sechuan earthquake, Nargis cyclone, Lehman Brothers bank bankruptcy and also global economy recession. Despite all these ugly events of 2008, good things that have positive impact in our world also occurred and one of them is the creation of the first decentralised currency known as Bitcoin. Satoshi Nakamoto published Bitcoin whitepaper in 2008 "Bitcoin: A Peer-to-Peer Electronic Cash System" and since then, things has changed and the technology behind Bitcoin and other Cryptocurrency which is blockcha technology continues to enjoy global debates about its capacity to revolutionize the digital business world.

This has led to the creation of many private and public blockchain protocols with a goal of applying them in many traditional business models like insurance, e-commerce, real estate, banking, social networks and many more. And this applications of blockchain result in Crowdfunding model popularly known as Initial Coin Offering (ICO). Blockchain is huge but many of its new startups are finding it very difficult to sell the ideas to the world but there is a tested platform with a tested and proven business plan which want to use blockchain technology to make e-commerce industry more efficient and profitable for all.

The name of the company is Chimpion, they are not running ICO. They have already developed and deployed their platform and some merchants in the US already have started using their platform.

What Is Chimpion?
Base on my understanding of the platform, it is an ecommerce platform like Amazon and Alibaba which gives merchants opportunity to create their own global online stores and showcase their products to the world. Like I said before, Chimpion is a Crypto project so the payment system within the platform is Cryptocurrency-based which means buyers will only be able to buy things from merchants on the platform with Cryptocurrency.

Chimpion platform support many Cryptocurrency as the base currency that will be added by merchants below their goods and there's provision for merchants to edge their Crypto coin or token to a stable coin because of volatility of Cryptocurrency. Chimpion support the following stablecoin:USDT, TUSD, USDC, GUSD (NYDFS-approved), and PAX (NYDFS-approved).

Chimpion Vision
The platform runs on a vision which and their vision is to empower businesses and consumers in the blockchain-based global economy and this will come to reality by making the process of selling with Cryptocurrency very simple and easy for businesses thereby making enjoy the benefits comes with crypto-economy business model which includes low processing and transactions fees and swift trading that's devoid of delay associated with traditional e-commerce platforms.

Chimpion Ecosystem
Chimpion Dual-token: The team of the project created two token that fuels the operation of the platform. The name of the first token is Chimpion and it powers merchant storefronts and e-commerce ecosystem. The token also act as bounty incentive for merchant to make use of the platform thereby increasing mass adoption of Cryptocurrency in our daily lives. The token is also the base currency in the Chimpion store which will includes their exclusive apparel product line with gift cards from major retailers and merchants from the Chimpion directory.

The second token is Banana token (Bnana) which serves as loyalty rewards token. It is created to reward buyers who buy goods from the platform. In short, both token of the platform will assist in mass adoption of Cryptocurrency.

Chimpion Blockchain: The e-commerce platform of Chimpion is created with a unique delegated Proof-of-Stake (dPoS) consensus algorithm and their developers have fully developed the Proof-of-Store as Proof-of-Stake (poS as PoS) protocol and this will allows any merchant using Chimpion storefront to become a masternode on the CHIMP blockchain network. The blockchain of the platform will initially operate as an EOS smart contract which they will later migrate to their own blockchain after the launch of their mainnet.

Chimpion Platform: Chimpion platform is the main part of the ecosystem which merchants and sellers will have access to. It is a robust crypto ecommerce which can be access for free without having to worry of paying fees or monthly subscription fee. The platform was developed by Shopping Cart Elite and combines the features of popular e-commerce websites like Shopify and WooCommerce with the conveniency of payment processor like Stripe and it doesn't require an additional plugins for the creation of store and it will be further enhanced in the future with Dapps.

Advantages Of Chimpion Ecosystem
Experience Team: The team of Chimpion are well experienced in the field of Cryptocurrency and ecommerce industry.

Free Access: All merchants and buyers globally can access Chimpion ecommerce services. All what is needed by a merchant is to stake some Chimpion Token which will give him excl access to all the features of Chimpion ecosystem.

Seamless Use: The platform is very easy to use for all and sundry and it is also possible for merchants to set up an automated conversion ratio and also be able to edge their Cryptocurrency against volatility.

Global Network: Each store on the Chimpion ecosystem will be part of a global network of Chimpion stores thereby creating opportunity for cross-promotion in the platform.

Wallet Support: Paytomat Wallet has already committed to supporting CHIMP; additional wallets and exchanges will be pursued for support in the nearest future.

Check any of the links below for more information about the project:

https://www.chimpion.io/

https://www.chimpion.io/whitepaper/

https://t.me/chimpionio

https://www.facebook.com/Chimpionio

https://twitter.com/chimpionio

Bounty0x Username: Duke01

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