INTRODUCTION
As the market continues to fancy this hyper growth and produce an act of shopping for and marketing nearer to everybody, the chance of using the innovative blockchain technology and build a Crypto-based payment system can create the market to be additional economical, decentralized and build a sense of happiness among all stakeholders of the business. Blockchain technology or distributed ledger technology (DLT) isn't new once more, it's been with us for quite some time and therefore the initial public blockchain protocol which is that the Bitcoin Blockchain network is widely known its 10 years of existence in 2018. this suggests that it's not new once more and that we have had already got thousands of startups that try to use this innovative technology to disrupt nearly all industries famed to humans civilization. Blockchain technology may be technology on the far side speculative nature of Cryptocurrency and it even has what it takes to form an e-commerce market additional higher and economical.
The possibility of making a Crypto-based payment system for e-commerce system reveals 2 major problems that have been unmarked by several within the current e-commerce market. These problems are high transactions fees and information abuse of consumers simply because of loyalty rewards.
ISSUES
The advent of blockchain technology exposes 3 main issues with typical e-commerce firms which have avoidable high fees, middlemen and abuse of user information.
Current e-commerce firms that are using centralized business models spent loads in ensuring their system works absolutely well and that they also absolutely rely on third-party trust executors and payment solutions. and people that pay for of these excesses are the innocent finish users within the end of the chain.
CHIMPION
The on top of problems and others led to the creation of a Crypto-based e-commerce system known as Chimpion. Chimpion aims to supply an easy yet refined Cryptocurrency payment system with a customized e-commerce system and settlement backend. a chimp with creating it attainable for merchants to form intuitive storefronts with an intrinsical crypto payment system and freedom of selecting that coin to just accept or not. this suggests that Chimpion system is constructed with multi-crypto in-view and this make it be extremely versatile. The system also carries with it an intrinsical loyalty rewards system and dedicated wallet. The platform bridges the gap between Cryptocurrency and digital e-commerce world.
Merchants are going to be able to transfer their product and therefore the listing can show in Cryptocurrency because the base currency denomination with none extra infix and there'll continuously be real-time updates of Cryptocurrency value through their API. The Chimpion platform was engineered using well-tested technology that go-cart Elite, Paytomat, Gemini and also others utilized in building their platform.
For few years currently in Cryptocurrency business, we've seen the launch of the many comes that used ICO crowdfunding method to raise cash for his or her startups however the unhappy reality is that over 100% of those new startups were able to run the business and works consistently with their Roadmaps, several of them are unsuccessful comes already and a few exit scam effort investors lonely, Chimpion stands to get in this, the platform was absolutely developed while not make the most of the ICO craze and that they have already got several merchants within us using their solutions. this is often} an honest development and that I suppose it'll be cool if several different Cryptocurrency comes can apply this approach while not having to travel through ICO method.
Chimpion Token
The chimpion platform is fuelled by twin token with every one of them having its own use cases. the primary token is Chimpion and this is often the token that powers businessperson storefronts and also the bottom currency of the platform. The second token is that the Banana token that is the loyalty rewards token of the system. consumers are going to be able to earn it by shopping for from Chimpion merchants with a great ape token or the other Cryptocurrency.
Chimpion Platform
The chimpion platform is a Crypto-based e-commerce platform that any online merchants will use to sell product globally by simply holding great ape token. you do not ought to create any payment or monthly subscription, all you only ought to access the platform is to carry the token. it's developed by go-cart Elite and it combines the options of standard e-commerce websites like Shopify & WooCommerce with the convenience of payment processor like Stripe. The platform doesn't want any extra plug-ins and it is additionally increased with future Dapps.
The platform is additionally a payment process system and checkout methodology that's kind of like Stripe. It doesn't need KYC like Coinbase and BitPay which suggests it'll be less difficult to access and merchants will be able to retain their funds in Cryptocurrency or sell to the stable coin. The platform supports several stable coins which have USDT, TUSD, USDC, GUSD (NYDFS-approved), and salutation (NYDFS-approved).
Chimpion Core
Chimpion Core is that the in-house developed a proprietary system of Chimpion system. it's been presently migrating to Eos blockchain and it includes Paytomat Core within the type of an Eos smart contract and services that are chargeable for businessperson accounts and balances, merchant interfaces (Merchant net Panel, merchant App, POS integrations, and e-commerce plugins), and client apps (non-custodial cryptocurrency wallets).
For more information and updates about #Chimpion project, check any of the links below:
https://www.chimpion.io/
https://www.chimpion.io/whitepaper/
https://www.facebook.com/Chimpionio
https://twitter.com/chimpionio
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