It is time to bring full-scale decentralization as enshrined in the blockchain technology to the electronic commerce (e-commerce) industry. Since inception, this blockchain-based project has gained the attention of popular franchises, such as Rosetta Coffee, Marks Jewelers, and NewParts. This is an indication that the project has been around for a while and the partners are happy with its features. So, what makes Chimpion unique and how does it apply to the e-commerce industry?
Why is Chimpion’s Focus on E-Commerce?
The world’s driven by technology and this is the reason why major developments abound in society today. Electronic commerce (e-commerce) is not only promoting the trend of cashless transactions but also facilitating trades across borders.
Chimpion’s interest in the sector arose out of the inherent issues that inhibit the growth of the industry. Despite the positive strides it makes on annual basis, e-commerce is yet to reach its full potentials because of some reasons. The expectation is that low fees should characterize the industry, just as little interference by intermediaries, full-scale security, and immunity against inflation. Since these are not forthcoming, Chimpion, a blockchain-based project deemed it fair to apply the distributed ledger technology in nipping these issues in the bud. (See Whitepaper.)
Build an E-Commerce Store with Chimpion
Nowadays, you don’t have to be a wed developer/programmer to set up a website. We are now in the era of Content Management System (CMS), such as WordPress allows you to build a website from scratch with coding. Similarly, the e-commerce industry has the same CMS services as enshrined in popular platforms, such as WooCommerce and Shopify.
Chimpion has a new tiding for the blockchain community – an e-commerce store builder right on the blockchain. You don’t require much experience to set up your e-commerce store on the ecosystem. In addition, storeowners will take advantage of Stripe, a decentralized payment processor in receiving payments for goods sold through the platform. Other takeaways are free signup and use, which means that merchants won’t have to make monthly subscriptions for hosting their store and products on the Chimpion marketplace. Nevertheless, merchants have to be token holders of a specific amount of the Banana Token (BNANA) before gaining access to the e-commerce platform.
Benefits of Trading via Chimpion
It is worth noting that the project (Chimpion) derived its name from the word, “Champion”. Therefore, users can expect massive benefits. Among the numerous tidings it has in place, Chimpion aims at improving the fortune of e-commerce by reducing costs of transactions. On the other hand, it serves as a gateway for merchants in developing economies who tend to have difficulty when creating and making use of traditional e-commerce platforms to sell goods and services.
The decentralized nature of the blockchain on which it takes premise helps in the elimination of chargeback fraud. In addition, it adds a boost to online trades because more merchants will take advantage of the existing infrastructure to build retail outlets on the Chimpion blockchain.
Championing the Cause for Crypto Adoptions
The overall aim of the project is to make cause for cryptocurrencies with the aim of facilitating its adoption. To this end, it allows buyers/crypto coin holders to make purchases from the merchant stores and pay with cryptocurrencies.
Furthermore, it empowers merchants by creating an enabling environment that allows them access to cryptocurrency projects. For instance, a merchant that wants to build and run a decentralized e-commerce platform on Chimpion can tender his proposal on the platform. Interested cryptocurency projects that may find the proposal worth investing can reach out and make available the funds to start it, you can find much more details about this amazing project in the Whitepaper
Allocation of Tokens
Token Information
Ticker: BNANA
Platform: Ethereum (ETH)
Token Type: Utility
Exchange Rate: Check Mercatox For Current Price
A Champion in Decentralized E-Commerce
The setbacks hindering the growth of fiat e-commerce are set to leave the space, as a decentralized approach (courtesy of Chimpion) is ready to disrupt the space. It is time to remodel the electronic commerce industry. Chimpion’s solutions are championing the cause and there is no better time to do that than now.
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