INTRODUCTION
Blockchain is a powerful technology built with the capacity to service much more than a simple financial transaction or understanding just how many cryptocurrencies one has in his/her wallet but also to perform complex and sophisticated operations. Historically the first blockchain was conceptualize by a person called Satoshi Nakamoto in 2009 as a core component of bitcoin cryptocurrency where it serves as a public ledger for all transactions through the blockchain network. Ever since we have been witnessing the unending opening of boundaries and opportunities in our daily lives sequel to deeper application of blockchain technology and cryptocurrency in our companies and Activities. The commercial industry is no exception, we have observed a the surge transactions handled by these industries over the years and how electronic means of servicing transactions are used to speed payment processing.
In recent times we have noticed the influxed of new ideas and innovations in the e-commerce industry all to improve commercial activities. There are currently available online stores where individuals can buy goods as well sell goods conveniently and comfortable due to constant improvement in the e-commerce industry.
With the revolutionary blockchain technology it is expedient to integrate cryptocurrencies to the e-commerce industry as the demand for cryptocurrencies payment in this sector is becoming high due to it numerous advantages. Regardless of this demand and the progress so far more work is yet to be done to certify this need due the absence of a well structured e-commerce platform built on blockchain technology and run with cryptocurrency. Haven studied the e-commerce industry the chimpion has developed it unique technological features and algorithm using blockchain technology to bring an improvement in the operations of the E-commerce.
ABOUT CHIMPION
The chimpion platform is an E-commerce platform developed with blockchain technology to provide a secure payment system serviced by cryptocurrency for or e-commerce merchant activities. Chimpion is aimed at providing convenience and comfortability to it users both buyers and sellers whilst making online transactions. With the adoption of digital currencies, chimpion will remove the stress of users making using of traditional banking services whose services in terms of speed is no way comparable to Cryptocurrency.
Chimpion ecosystem is embedded with it own native currency called Chimp token which is used in the chimpion integrated payment system to make sales and purchases all with the singular mission of providing an enabling environment for it users to carry out secure transactions seamlessly at there convenient time and comfortable location without having problem of payment.
CHALLENGES IN E-COMMERCE
Several challenges and draw back abound the e-commerce industry of which chimpion is looking to bring a lasting solutions to. Presently regardless of the rapid technological improvement in the world today, People still encounter difficulties and restrictions in owning bank accounts and the poor customer service experience those that have one experience in traditional banking halls. Thereby negatively affecting the adoption rate of cryptocurrencies because transactions between Fiat and cryptocurrency tends to be affected.
Also abound is the challenge due to bounced back payments termed charge back. Sometimes when you make Fiat payment transactions, maybe interbank transfers after making a purchase, this payment could be retracted and bounced back which is very risky in business. This is why there is presently skepticism in the minds of merchants when having a transaction with individuals which has been part of the measure reason for drawback in executing meaningful transactions.
BENEFITS OF CHIMPION
BENEFIT OF CHIMPION
With the adoption of chimpion e-commerce platform, merchants will be granted access to use it’s innovative cryptocurrency technological payment system to make buy and sale with customers who are conversant with the chimpion ecosystem and cryptocurrency trading activities.
Chimpion will provide the opportunity for merchants to put in place online ecommerce storefront that accept cryptocurrency of their choice via it secure payment system with real time price update from reputable cryptocurrency exchanges and provide it merchants with sophisticated search engine results to be noticed with ease by users who come in search of product they offer through the chimpion platform
There is an integrated incentive program set aside by chimpion for adopters of it platform through it native tokens. Through chimpion initiative, e-commerce merchants will be presented with flexibility in their stream of income whether or not they make transactions via Fiat or cryptocurrency. Customers will receive goods valued at what they paid for and will be open to gain access to more sellers offering variety of products along side being rewarded with tokens by chimpion for patronizing it platform.
CHIMPION TOKEN METRICS
The chimpion project has presently two different tokens. One is the CHIMP token which based on circulation is the basic unit for making purchases through the chimpion platform which will help to increase the adoption rate of cryptocurrencies in the e-commerce industry. Secondly is the BANANA token with ticker BNANA which is developed for use in the reward system in the chimpion. Users will be rewarded with BNANA for making transactions on the platform of which these token rewards can be redeemable through getting access to products and currently trade able on mercatox exchange
Coin Name： Banana Token
Symbol： BNANA
Creation Date： 12/17/18
Token Blockchain： ERC20
Token Contract Address： https://etherscan.io/address/0x5c2f940281e735ca3496d8138be12d18023dce9f
Total Supply： 100,000,000,000
Circulating Supply： 5,000,000,000
Token distribution： 15,000,000,000
SUMMARY OF CHIMPION TEAM
Chimpion project is developed and managed by expert who have key knowledge in the e-commerce industry.
CONCLUSION
The e-commerce industry has proven to being of the measure area where blockchain technology incorporation through cryptocurrency will be massively adopted and chimpion has provided a platform that can securely and conveniently drive this adoption for cryptocurrency enthusiast and new crypto traders. Chimpion is already empowering businesses and consumers to take advantage of blockchain in this thriving economy. Do not be left out in the ecommerce revolution by chimpion. The platform is here and ready for you to use
Please visit the below links to gain more insight about the CHIMPION E-commerce platform
Official website: https://www.chimpion.io/
Whitepaper: https://www.chimpion.io/whitepaper/
Telegram: https://t.me/chimpionio/
Authors Bounty0x username: Andycapable4u
Blockchain has really changed a lot in the ecommerce sector but still, there are still lots to be done.
I'm sure Chimpion will make it better with the plans they have.
The whitepaper is good so I say thumps up to the team.
Thank you Miracle for your kind words. I am very optimistic that chimpion will bring a whole lot of innovation to the current payment process in Ecommerce using blockchain technology
chimpion platform is a great project which will unify E-commerce and Cryptocurrency. Great work from the developers.
Thanks for stopping by cryptonoble and thanks for commending the chimpion team. feel free to join chimpion on telegram https://t.me/chimpionio/ to get to meet with team more
Good write up, Chimpion has thought of bringing blockchain into this ecosystem as in blockchain is increasingly secure, straightforward and bolster quick exchange.
Thank you tcode. Chimpion is aimed at revamping the Ecommerce ecosytem. Check out useful links at the bottom of the write-up to learn more about Chimpion
Everyday different projects try to bring more fluidity and better practices in the e-commerce sector and this has ensured that new projects remain competitive.
The concept of Chimpion is unique and could be the long sought solution to problems facing the e-commerce industry. I look forward to the completion of this exceptional project.
Thank you Mr Sam. I am 100% optimistic that with the team and Community behind chimpion, it's going to be the perfect solution to present challenges in the e-commerce industry
With This innovative technology, Chimpion, and merchants will be able to launch complete e-commerce windows and accept cryptocurrency payments.
Absolutely @raymondavid1 Online shopping and payment made easy by chimpion
Nicely layed out plan by chimpion for the Ecommerce sector. traditional Online payment system is gradually becoming a pain to consumers but With full implementation of cryptocurrency payment system, it will improve the transparency and security of online transactions
Thanks for reading through @Maxibrainz and thanks for positive comment. We hope Chimpion won't let us down. Let's support chimpion
Chimpion E-commerce platform will surely revolutionize E-commerce system with the native token being embedded in the ecosystem for customers usage, and this will cause massive adoption of the token.
Good write up man!
E-commerce will do good to leverage the power of blockchain technology which could further help in increasing efficiency of the whole e-commerce industry by automating services and making shopping much more easier. It's good to find a platform like Chimpion who are championing this noble cause. Brilliant article this is