CHIMPION: A DIGITAL CURRENCY EMPOWERMENT PROJECT FOR MERCHANTS.

INTRODUCTION

Since the advent of the first digitalcurrency, people everywhere together with many businesses has begin to design their organizations such that it becomes possible to make payments with this currency. This really helped them alot and is still of importance to such systems till date. While so many sectors are already enjoying this advantages, it is still a difficult to have the same payment system cultivated in the ecommerce sector. But there is need to have this possible seeing that this initiative is worth adopting and the fact that its already a popular style of payment. Due to some reasons, merchants in the sector still find it hard to accept this form of payment which has led to the creation of Chimpion which will make sure the situation is addressed and corrected as best as possible.

THE MISSIONS OF CHIMPION

This project has put infrastructures in place to support the use of cryptocurency as payment during shopping activities and makes merchants able to accept them as payment because it will install a payment system that will make that possible. Thanks to Chimpion because it will give product traders the freedom they seek with their storefronts and have all types of coins as an option of payment from which the buyers can choose their most preferred ones. This however serves as the solutions the sector require to scale up to a new level and have many more people in it. All manner of enterprises will therefore be able to connect to the world and the digital system with the dedicated wallets they will be provided.

THE DUAL TOKEN NATURE OF CHIMPION.

This project will not be able to make things work as plan if the token (CHIMP) is not used. But there is something unique about the way Chimpion uses this token in relation to the other one called Banana token (NANA). CHIMP is useful in driving users and allowing the ease of adoption of this platform in the ecommerce world while NANA token is used as a reward given to users for their use of CHIMP in the ecosystem. Users can earn this as purchases are made from the product traders in this platform using CHIMP or other coins allowed in Chimpion stage. More so, these rewards are useful in acquiring exclusive products and for having reasonable discounts on purchases.

The holding of the CHIMP token validate users to access the platform at any time and be able to perform any ecommerce activities without paying the fees. Many attributes of this platform are similar to that of other existing systems like say Shopify and it has the same Feature of ease of payments just like it. However, there isn't much plugins needed to enhance the operations of Chimpion but rather standard suitable dApps will be designed to advance the project.

CHIMPION'S RELATIONSHIP WITH EOS.

This project uses payment structure built on the EOS system and that makes it controllable by using smartcontracts. It uses the Paytomat core structure for the keeping of all its retailers' records and their accounts while providing them with an interactive interface for the apps created for making the payments and the ones to act as the storage wallets.

Apart from being concerned about the retailers' on board this system, and Chimpion also team up with other projects to enable other traders from other projects find their way in ecommerce using its own platform alongside theirs and this gives all the emerging projects a chance to leverage on Chimpion and become strong.

Seeing the uprise in the use of digital assets, many countries and even some African countries which has poor traditional banking structures have embraced cryptocurency and due to that reason, Chimpion will help them overcome the issues of inadequate security and high fees of their transactions with the aim that online retailers in those countries and all over the world will be open to more opportunities in e-commerce. The provision of this venture will therefore make it possible for products traders and retailers to create their different stores without much capital and still do well in the selling of their products, and as they include bthe use of CHIMP in their stores, transactions of payments will become easy, fast and even more transparent.

HOW CHIMPION PREVENTS FRAUD AND ENSURES TRANSPARENCY.

Many a times, it is possible to have chargeback happening after delivering a product to the buyer when an order is placed. So many times, it is always difficult to check whether the buyer is not a scammer and when the goods are finally sent, chargeback occurs which is very disheartening. However, Chimpion has a solution to this problem and that is seen in its ability to ensure the speed of payment processing which allows the product trader or retailers to send the products without bothering about chargebacks.

CONCLUSION

This platform has thus created a unique solution all the problems encountered during ecommerce shopping and that will go along way to improve the activities and ensure the safety of the participants.

CHIMPION OFFICIAL LINKS;
Website: https://www.chimpion.io/
Whitepaper: https://www.chimpion.io/whitepaper/
Telegram: https://t.me/chimpionio/
Facebook: https://www.facebook.com/Chimpionio/
Twitter: https://twitter.com/chimpionio

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