The bedrock of modern digital world is the Internet. Since the creation Of the World Wide Web (WWW), our lives has never been the same. This breakthrough in sharing of information and wireless connections has virtually changed the way we do things with the outside world, all thanks to the Internet which continues to disrupt the phase of industries. With the Internet comes another breakthrough like augmented reality (AR) and blockchain technology which is also known as distributed ledger technology.
Blockchain technology is highly innovative and it has many awesome features that could disrupt all industries that needs the service of third-party trust executor like e-commerce industry, insurance, banking and many more. We all know that e-commerce market is one of the blessings of the Internet which gave us opportunity to take part in Trans-border trade with those that we don't know globally. It makes it possible for me to order goods online, pay for it and receive it in my place of residence without having to worry if it will be delivered or not.
Global e-commerce industry continues to enjoy uniform growth and it is already a multi trillion dollars industry with many big names like Amazon, Alibaba e.t.c. And as we know, owner of Amazon and Alibaba are in top ten richest people in the world, this is awesome and it shows how gigantic the market is.
As I said before, blockchain technology will go a long way in making industries that need third-party trust executor to be more efficient and take away the possibility of fraud and human error in the system. E-commerce industry is one of such industries and we have seen the creation of many third-party blockchain-based applications which has been able to function to some extent but not really usable by merchants due to lack of crypto e-commerce infrastructure built exclusively for ecommerce industry.
The above point is the sole reason for the creation of Chimpion Cryptocurrency project with a vision to empower businesses and customers to thrive in blockchain-enabled global economy. Chimpion will be able to achieve their vision by creating a platform that will makes the process of selling or buying with Cryptocurrency very easy. There is a plus for both seller and buyer to use Crypto-based payment system, some of the advantages are low transactions fee, absence of fraud and absence of long term delay.
The beautiful thing about the project is that it is not like a common Cryptocurrency project with beautiful plan of actions which they may not work on after raising funds for the project. Chimpion is not following this part, they are developing their platform without joining the ICO gangs and make money out of people, as am typing this Chimpion has been fully developed and deployed.
The platform was built using tested and proven technologies from Shopping Cart Elite, Paytomat, Gemini and MoonCatcher. With this in-view, the platform is fully ready to disrupt the multi-trillion dollar global e-commerce market and they already have many merchants across United States that have already adopted Chimpion’s platform to accept cryptocurrency payments, including Marks Jewelers, Mahone’s Wallpaper Shop, NewParts, Rosetta Coffee, and many more.
Dual-token Powered System
The platform adopted dual-token system with each of them having its own intrinsic usage in the system. The name of the first token is Chimpion (CHIMP) which powers merchant storefronts and e-commerce ecosystem. This token will also be the native currency in the Chimpion store which will includes their exclusive apparel product line with gift cards from major retailers and merchants from the directory of Chimpion.The second token in Chimpion platform is the Banana token (Bnana) which is the reward layer of Chimpion ecosystem. Buyers will be able to earn Bnana by buying stuffs from merchants in Chimpion platform using the CHIMP token. Bnana stands as loyalty rewards token for the platform. Bnana token is trading already on Mercatox exchange and you can get to buy it here.
For more information about Chimpion project, check any of the links below:
https://www.chimpion.io/whitepaper/
https://www.facebook.com/Chimpionio
https://twitter.com/chimpionio
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