CHIMPION

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The e-commerce industry is one of the principals amid the internet businesses, and its expansion knows no bound with popularity growth of online sites.

The perception of online trading (selling goods and services) has become relatively demanding with the development of groundbreaking technology in past years. There has been a rapid change in the financial industry of the e-commerce sectors with the evolution of blockchain technology. The blockchain technology has to offer diverse services to the e-commerce sectors such as the eradication of intermediaries, transparency by upholding confidentiality and low transaction fee, immutable data storage, and real-time transaction. The blockchain technology provides merchants with supply chain administration, permanent data storage, data security, logistics, and payment.

With blockchain technology, eCommerce merchants can facilitate their financial transactions on their website by integrating cryptocurrency payment mainframe to handle the use of cryptocurrency for selling of goods and services. Customers will be able to select their options of paying via cryptocurrencies of their choice such as Bitcoin, Ethereum and other cryptocurrencies for the payment of products and services they are buying.

The benefits of accepting crypto-payments in the e-commerce sectors are the payment process transparency were all transactions are traceable, cutting-edge security, instant processing speed, eradicating intermediary, and secured financial data storage. Another benefit is the cost-effectiveness of transactions were all transactions made attracts zero transaction charges to the merchant.

Nowadays, the e-commerce industry is increasing at an extreme fast step and worldwide merchandise e-commerce sales are anticipated to reach $4.5 trillion in the year 2021. However, majority of the commercial businesses, digital assets (cryptocurrency) acceptance is a suitable means and a go in for a system of transactions with respects to its present increase of hundreds of billions and anticipated to increase to trillions. Researchers conferred that the utmost of the finance and banking industry is predicted to move to the blockchain and henceforth implementation rate of blockchain across global industries will increase in the near-term.

E-commerce is faced with countless challenges such as online and offline retailers proffer restraining reward systems packaged with their services which are of petite value to the consumer given their limited nature. The reward schemes in commerce globally are utilizing below the potential use due to the lack of technological investment. Unpredictably, various companies find it problematic to offer attractive reward systems as they risk devaluing their services.

There are also some encounters in the fast growth of cryptocurrency acceptances which need to be addressed – the blockade of entry, decrease in token value in terms of deposit or withdrawal from exchanges with ridiculous service charges or transaction fees and many more.

Presently, e-commerce is facing major disruption via blockchain technology, which seeks out to bring better transparency, cost savings and competition to online shopping.

Blockchain technology is seen revolutionizing the whole industries, the e-commerce sector is also experiencing many changes across its various sections. Including software development, hardware enhancements, online buying and selling, broadcasting, and interoperability improvements between platforms. Also, for marketing affiliations and for cross-platform trading.

According to Deloitte's research regarding customer loyalty rewards programs, Blockchain technology as a trustless, distributed ledger introduces a disruptive way to revitalize the existing structure of loyalty programs through its potential to streamline execution of the rewards in near real-time and in a transparent, cost-effective way.

Creating a reward program on Blockchain technology in the e-commerce sector will allow rapid creation of reward points that can be exchanged in a fast, secure and transparent way across multiple platforms and between users and online stores - all through a trustless environment operating without intermediaries.

This is the stage where Chimpion platform an all in one e-commerce, point of sale, digital wallet with crypto to fiat settlement system intervene with their sophisticated decentralized platform that is powered by EOS blockchain power-driven by EOS smart contract thereby addressing fundamental challenges in the e-commerce and cryptocurrency economies thereby enabling the e-commerce industry to sell with cryptocurrency.

THE CHIMPION'S PLATFORM

The Chimpion platform is a digital assets e-commerce network that empowers every merchant to adopt the use of digital assets (cryptocurrency) payments on their website (online stores) with a major aim to drive the acceptance of digital assets as a means of payment solution by running a resourceful e-commerce store centered around cryptocurrency. The Chimpion's network is fast with user-friendly interface and all transactions are affordable. The Chimpion platform came into existence through innovative technology from e-commerce provider such as Bitcoin Diamond foundation (BCD), Shopping Cart Elite (SCE), Paytomat and combinations of a wide range of e-commerce functionalities with expedient payment processing system. The gateway to Chimpion's robust digital assets platform is to hold Chimpion (CHIMP) and every holder of CHIMP is entitled to a free monthly subscription fee.

The Chimpion platform created a dual token dynamic which is the Chimpion (CHIMP) and the Banana token (BNANA) that works like points on a loyalty card (redeemable for discounts, exclusive and promotional offers). The e-commerce merchant's storefronts and e-commerce environment are power-driven by CHIMP to incentivize merchants for their adoption of Chimpion's platform. The CHIMP will be the fundamental currency coinage in the Chimpion's store featuring Chimpion's product line and directory while the BNANA serves as the reward layer of the platform in the sense that users earn BNANA via buying of goods and services from Chimpion's merchants when they make use of CHIMP or another cryptocurrency.

Chimpion plays a major role as a checkout scheme and payment processing system that supports stable coins such as USDT, TUSD, USDC, GUSD (NYDFS-approved), and PAX (NYDFS-approved).

ADVANTAGES OF USING CHIMPION'S PLATFORM

Merchants have access to advance search engine optimization;
Merchants are able to circumvent chargeback fraud;
Customers have access to exclusive retail stores anywhere in the world;
Customers can instantaneously exchange crypto-to-fiat and withdraw to their bank account;
Customers earns BNANA token via loyalty programs.

BITCOIN DIAMOND PAY WALLET

The BCD pay wallet is incorporated to the Chimpion's platform as a payment gateway that enables users to use cryptocurrency (ERC20 tokens, EOS tokens, BCD, Bitcore, Ethereum, waves, NEM, Zcoin, Horizon, and lots more) of their choice to pay for goods and services online. The BDC pay wallet is a multi-crypto wallet that does not save users private key. The BCD pay wallet is downloadable on Android smartphones as an APK file or from the Google Play store with an iOS version coming soon on Apple Appstore.

Merchants, startups, or existing projects can list their coin or token via the BCD pay wallet for the payment of goods and services online by filling this form.

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CHIMPION COIN INFORMATION

BNANA is the native currency of Chimpion created on the EOS blockchain making it an EOS compliant that will be used as a standard means of payment and reward across the platform. BNANA is an ERC20 token designed for users to purchase goods and services from merchants using the Chimpion platform.

COIN NAME: CHIMPION

SYMBOL: BNANA

PROTOCOL: EOS

TOTAL BNANA SUPPLY: 100 BILLION