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Since the inception of cryptocurrency and the bitcoin technology, there has been different platform and trading for cryptocurrency blockchains, we know that the bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Chimpion is an all in one ecommerce, point of sale, digital wallet with crypto to fiat settlement system. Chimpion’s is launching e-commerce storefronts that allow merchants to accept cryptocurrency payments, choosing their favorite altcoin as the base currency denomination and allowing the merchant to settle their crypto into fiat through a stablecoin.
Chimpion (CHIMP) provides merchants with a simple yet sophisticated cryptocurrency payment system with a custom e-commerce and settlement backend. Through Chimpion’s innovative technology, merchants can launch full-fledged e-commerce storefronts and accept cryptocurrency payments online, with the option to set the coin of their choice as the base currency denomination. With a built-in incentive program and dedicated wallet, Chimpion gives businesses a seamless connection to the world of digital commerce.
THE CHIMPION BRANDChimpion is derived from the word “champion”, to signify both the coin’s superiority over incumbent cryptocurrencies and the organization’s core mission of championing the adoption of crypto for e-commerce. The word “champion” has a similar pronunciation in many widely-spoken languages, making Chimpion a highly relevant name to numerous cultures. Monkeys have historically played an important role in both Chinese and Indian culture.
The chimpanzee was chosen as a mascot to represent Chimpion because of the species’ association with exploration, being one of the first animals to travel into space. Likewise, Chimpion is pioneering a new era of transacting by driving the adoption of cryptocurrency for e-commerce.
Chimps are also known to be highly intelligent compared to other animals, even surpassing human memory of numerals in some cases, which symbolizes the benefits of a blockchain-enabled economy. Highly community-focused and even capable of empathy, altruism and self-awareness, the chimpanzee is a fitting symbol for Chimpion, which aims to drastically improve the way humans exchange value.
Dual-Token DynamicChimpion (CHIMP) powers our merchant storefronts and e-commerce ecosystem. It is the bounty incentive to onboard merchants in an effort to drive adoption. CHIMP will also be the base currency denomination in the Chimpion Store, which will feature our exclusive apparel product line along with gift cards from major retailers and merchants from the Chimpion directory.
Banana Token (BNANA) is the reward layer of the Chimpion ecosystem. BNANA is earned through purchases from Chimpion merchants using CHIMP or any other cryptocurrency. BNANA functions like points on a loyalty card, which can be redeemed for promotional offers, discounts, and exclusive products.
Coin SpecificationsChimpion is hosted on the EOS blockchain using Delegated Proof-of-Stake (DPoS). DPoiS, a method invented by Dan Larimer, resolves many of the problems seen in Proof-of-Work (PoW) and Proof-of-Stake (PoS) systems. In a DPoS system, a technological democracy is created by a community of block producers and staked users that agree to a certain set of rules.
DPoS and PoS are two different protocols; in a PoS system, every wallet that contains coins is able to participate in process of validating transactions and forming consensus, thus the more coins in your wallet, the more coins you will eventually receive. With DPoS system every wallet that contains coins is able to vote for representatives. These representatives validate transactions and form consensus, and are paid for their efforts through the system. This avoids a pitfall of PoS, which is that, just like in PoW, consolidation will eventually occur.
BlockchainChimpion’s crypto e-commerce platform is powered by a unique, delegated proof-of-stake (dPoS) consensus. Our engineers have developed the Proof-of-Store as Proof-of-Stake (poS as PoS) protocol, allowing any Chimpion-powered merchant storefront to become a masternode on the CHIMP blockchain. The Chimpion blockchain will initially operate in the form of an EOS smart contract, which will migrate to its own chain upon the launch of our mainnet. This will enable us to integrate our advanced e-commerce platform with a secure smart contract blockchain that will feature loyalty rewards, dApps, and token creation for our merchants.
PlatformBy holding Chimpion (CHIMP), merchants gain access to Chimpion’s robust crypto e-commerce platform for free, without a monthly subscription fee. Developed by Shopping Cart Elite, Chimpion’s crypto e-commerce platform combines the features of popular e-commerce platforms like Shopify and WooCommerce with the convenience of payment processors like Stripe. Our cryptocurrency storebuilder does not require any additional plugins and will be further enhanced with future dApps.
Chimpion also functions as a payment processing system and checkout method, similar to Stripe. Unlike with Coinbase and BitPay, Know Your Customer (KYC) processes are not necessary, as merchants can choose to either settle their funds in cryptocurrency or automatically sell for their preferred stablecoin with assured privacy. The following stablecoins are supported: USDT, TUSD, USDC, GUSD (NYDFS-approved), and PAX (NYDFS-approved).
Chimpion CoreChimpion’s in-house developed proprietary system is currently being migrated to EOS and includes Paytomat Core in the form of an EOS smart contract and services responsible for maintaining merchant accounts and balances, merchant interfaces (Merchant Web Panel, Merchant App, POS integrations, and e-commerce plugins), and consumer apps (non-custodial cryptocurrency wallets).
Empowering MerchantsChimpion’s primary goal is to grow the adoption of cryptocurrency as a payment solution by creating a rich e-commerce platform centered on digital assets. We look to not just onboard merchants, but also to create partnerships with the core teams of established crypto projects. Through Chimpion, new startups and established merchants alike can utilize our vast network and propose their business concepts to various cryptocurrency projects. If core teams do not take notice, Executive Diamond Node holders can vote to select that project to receive funding.
As an example, take the following scenario:
Carlos wants to start a dress shirt brand by launching a Litecoin-denominated storefront through Chimpion, where all products are listed at 1 LTC regardless of price volatility. He wants to cater to the Litecoin community so he buys a given amount of CHIMP and submits a proposal to receive funding. Carlos needs $20,000 as initial capital and a $5,000 monthly allowance. The Chimpion community votes
in favor of his project, so he receives the funding in CHIMP and his storefront is listed in the Chimpion directory. Charlie Lee, founder of Litecoin, takes notice and promotes Carlos’ business to his 700,000 Twitter followers.
By pairing the right concept with the right core team, Chimpion creates an ecosystem where real businesses selling physical goods and services will help drive the adoption of various cryptocurrency projects, benefiting everyone – merchants, developers, and investors.
Our target audience consists of three customer types including cryptocurrency core teams, merchants wanting to accept crypto, and customers paying with crypto.
NetworkThe Chimpion network will be secured with 256 bit SSL encryption and advanced security measures will be taken to ensure privacy and data protection. The Paytomat centralized merchant dashboard and Shopping Cart Elite databases will remain on Shopping Cart Elite-hosted servers and the database vault will be hosted on Amazon EC2 for the duration of 2019. In 2020, the database vault will be migrated to the Chimpion blockchain.
BCD PAY WALLETBCD PAY WALLET is integrated with #chimpion network, it is a mobile wallet that can be downloaded from google play store with a friendly and an easy to use interface. Every smartphone could become a sophisticated banking platform where users can transact and place orders on the go. Users can use it to send and receive a vast range of digital assets, pay for deliveries, shop online securely because it has the latest security functionality. BCD PAY WALLET GOOGLE PLAY DOWNLOAD
BCD PAY WALLET APK ANDROID DOWNLOAD The mobile application will also be made available on iOS (Apple Play Store) soon, the app will serve as a mobile payment gateway, users will be able to use digital assets to pay for services rendered to them instead of the use FIAT (Government issued currency.) that was traditionally used for payment. The wallet supports all ERC-20 tokens, all EOS tokens, Bitcoin Diamond, Bitcoin Core, Litecoin, Dash, Ethereum, Waves, Bitcore, and many others.
CHIMPION CURRENT MERCHANTS
ABOUT CHIMPION TOKEN (BNANA)BNANA is the abbreviation of CHIMPION TOKEN which was created on the EOS blockchain, it is EOS compliant. BNANA is a digital asset that is virtual & electronic which will be used as the standard mode of payment for services rendered on #chimpion platform. Users or holders can purchase merchandise from any merchants on CHIMPION powered online stores without any hiccup.
TOKEN ECONOMICSCOIN NAME: CHIMPION
NETWORK: EOS COMPATIBLE
TOTAL SUPPLY: 100 BILLION BNANA
COIN ALLOCATIONTEAM & ADVISORY: 5.15%
FOUNDATION PAYROLL: 10.31%
STRATEGY PARTNERS: 15.46%
COMMUNITY AIRDROP: 61.86%
THE CORE TEAM
White paper : https://www.chimpion.io/whitepape
User name Bounty0x : sobaint1
"...it will be more expensive to pay for your spotify subscription via your electricity bill, but a lot of people don't care."
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