Chimpion is a project making a way for people to make payment with cryptocurrencies for e-commerce. The project is targeting a means of consumers making a payment with cryptocurrency at the expense of acquiring a certain product from an online stores just like E-bay, Jiji or Alibaba. Chimpion is an exceptional platform with a features that is superior to other type of blockchain based platform. Chimpion name was initiated from the word Champion; which means they are ahead of other competitors in this ecosystem. I must let all my fans know that Chimpion is a pioneer in this type of related project because they are building features that launch us into new era of e-commerce and process of transactions. Many have heard about cryptocurrency but never know how to utilize it in real life; Chimpion is making a way that individuals will be able to utilize their possessed cryptocurrency to obtain goods or product from stores. Chimpion is a blockchain based platform aiming to improve the way we exchange goods and services within ourselves.
WHY CHIMPION?
The centralized e-commerce system is not something to write home about this days. Let me starts from government laws that restricts some set of people from running online stores, tax and other levy are another issue that makes many to comprise on selling their goods online. The process is another thing we should note; it require you registering your product with C.A.C and other regulation body before you will be eligible to set up your online store. Talking about the payment aspects, the process is very tremendous and not that secure. This process require you to bargain a price with the merchant, get his bank account number, go to the bank and make the payment before your product will get deliver to you.
This is why a project like Chimpion is very important; it is decentralizing the e-commerce system, giving users autonomy to manage things in their own favour and make life less stressful in this ecosystem. As a decentralized platform, people can easily set up an online store and sell immediately to the needed customers and payment will be made through their token (CHIMP) which is very secure and make transaction more effective.
USE CASES OF CHIMPION
Chimpion is not just a paper project unlike others, it is project coming up with products for real life utility. One of the product is the CHIMP token which will serve as the general currency that will be utilize on this platform. Let me quickly specify the imparts of the CHIMP token:
The CHIMP token is universally accepted, and it will limit or eliminate the challenges of international e-commerce in terms of currency difference.
There are still many community in the world that have no access to the bank in order to make a payment for a product or do transaction; the CHIMP token cut short the challenges because all you need to do is to purchase the CHIMP token, hold and make a payment with it inside your comfort zone.
The challenges of illegal and irregular charges in the centralized system can never be over emphasize while making a transaction. Take for instance, you may request for a product that worth 50$, while making the transaction, the financial institute in control might deduct extra 6$ as charges, there making you to spend total of 56$. All these challenges is the reason why we must start using CHIMP as it does not attracts much fees or let me say zero fee.
SIGNIFICANT OF CHIMPION
SECURITY
The Chimpion platform will protect the e-commerce from the hand of fraudster that like impersonating others to scam people in this ecosystem. The Chimpion platform will only permits people that pass through the identity verification that will be able to exchange goods and services through this platform. Bot or fake people won't have the access to place an order which are not real. In addition, all transaction and related data will be store on the block for future reference.
MARKET STRATEGY
In conventional online business, you put up the strategy and necessary marketing for your goods to be well known by everybody and attracts everyone but in a decentralized system like Chimpion, is not that necessary and Chimpion does the marketing itself. The Chimpion will stands in middle of online stores merchant and the consumers.
SUMMARY
Chimpion is going to be an avenue for both online wholesalers or retailers to sell their goods or products and accept cryptocurrency (CHIMP) in exchange. The requirement is that, any interested person that which to sell through this platform should stake a certain amount of CHIMP token with Chimpion platform and game is set. The consumers at the other side too can use the CHIMP token in their wallet to order for a product and it will get deliver to their destination. In a short remembrance, merchant that does not wish to accept CHIMP in exchanging for goods can exchange it with other stablecoin like dollar or Swiss Franc.
OFFICIAL LINKS OF CHIMPION
Website :- https://www.chimpion.io/
Whitepaper :- https://www.chimpion.io/whitepaper/
Facebook :- https://www.facebook.com/Chimpionio/
Twitter :- https://twitter.com/chimpionio
Telegram :- https://t.me/chimpionio/
Author:
Bounty0x Username :- Cherry