INTRODUCTION
Online trading is now an activity carried out on daily basis. E-commerce has been wonderful with a lot of benefits attached to it. With this advancement, transactions can be done at the comfort of your house. There is a reduction of time wastage, prevent the risk of life and many more. This online transaction had been massive since the invention of eBay and Amazon. In the year 2017, a total sum of 2.3 trillion USD was recorded as sales of retail of e-commerce. Due to the huge role played by e-commerce in the society, the demand for this service grows as virtually almost everybody usually involves in it every day.
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As e-commerce becomes more popular, the platforms that provide the services becomes slow and time consuming, and difficulty in accessing these platforms due to traffic. To this effect, there is the need for a timeless transaction techniques platform with easy accessibility and low charges. In other to counter these shortcomings, that was what led to the innovation of CHIMPION.
Chimpion is an e-commerce platform with a point of sales, and a wallet that is digital with a system of settlement that is from crypto-currency to fiat.
IDENTIFIED PROBLEM CHIMPION IS TO SOLVE
1. The absence of infrastructure dedicated to carry out online transactions using crypto currencies by the platform involved in e-commerce.
A lot of merchants have refused to accept payment with cryptocurrency for online transaction due to this reason.
2. Lack of convenient e-commerce platform for merchants whose chain of supply is done internationally.
With the present trade crisis, inflation that can't be predicted, unstable rate of interest, all this crisis have made e-commerce inconvenient for traders whose chain of supply is foreign.
3. Huge charges on transactions. The charges placed on transaction in e-commerce platform is always much.
HOW WILL THESE PROBLEMS BY SOLVED BY CHIMPION?
1. Provision of sophisticated and yet simple crypto system of payment;
Chimpion ensures that a very simple but highly sophisticated system is available. This system allows payment in crypto and a custom e-commerce that has a back-end that permit easy settlement.
2. Wonderful innovative technique;
Through the innovative technique of chimpion, trader and investors can lunch a complete storefront of e-commerce that will allow transactions with crypto online payment. With this innovation, merchant can set their choice of coin as there denomination of currency. Chimpion was built via technology that is tested and trusted in all aspect. This aspect are, Paytomat, Mooncatcher, and shopping Cart Elite. Chimpion is an e-commerce that is revolutionised to the core.
CHIMPION AIM AND TARGET
The goal and target of Chimpion is to ensure that the adoption of digital money (crypto-currency) as a solution to payment by the operation of an e-commerce platform that is loaded with benefit and as well centered on digital currencies. Unlike the previous platforms were it is difficult for new merchants trade in there platform, both new and old merchants can join the platform and enjoy a network that is vast, fast and affordable transaction rate coupled with an infrastructure that is user friendly.
EXCEPTIONAL FEATURES OF CHIMPION
1. Chimpion multi-token Operation
Chimpion exhibit dual token feature and this made Chimpion unique. This tokens are:
i. Chimpion (CHIM)
This is the token that powers the store-fronts of the merchants and the ecosystem of the e-commerce. It also serves as the incentive's bounty to effect the drive for merchants adoption. CHIMP will serve as the fundamental denomination of currency used in the store of Chimpion. This will include Chimpion's exclusive products line coupled with cards received from merchants and Germaine retailer from the platform's directory.
ii. The second token is Banana Token (BNANA)
This token is reward section of Chimpion ecosystem. This token is gotten by the purchases done from the merchant of Chimpion with CHIMP or other digital currencies as the exchange mode. BNANA is likened to loyal card's point, in which redemption can be made for offer on promo, products that are exclusive and discounts.
2. Merchants empowerment
This is the the core objective of chimpion is to ensure that merchants receives fund to start boost or commence there projects.
3. Specification of coin
The hosting of chimpion platform is on the blockchain of EOS that applies Delegated proof of Stake ( DPoS).Unlike other platforms, they make use of proof of work and this protocol is prone to consolidation and fraud. With delegated proof of stake system in place, a democracy is technically established by the group of people producing block and those using stakes that allow a particular set it regulations.
4. Every merchant with CHIMP is having access to the robust Chimpion e-commerce platform using crypto without any payment of monthly, weekly, even any subscription charges.
5. The store builder of Chimpion's crypto doesn't need more plugins. It will as well enhance mobile apps as time goes by.
Website: https://www.chimpion.io/
Facebook: https://www.facebook.com/Chimpionio/
Twitter: https://twitter.com/chimpionio
Telegram: https://t.me/chimpionio/
WhitePaper: https://www.chimpion.io/whitepaper
Bounty0x username: fumberry