According to information released by Statistas The E-commerce industry is projected to grow to 4.88trn in 2021. Top 3 online store, namely Amazon, Apple and Walmart amounted to 100billion dollars in 2017. One of the most popular activities done online is shopping. Statistics show that over 7% of trade in China is done over the internet. In India its 6.7% and in the United States of America, 9% of all trades are done over the internet.
No doubt the E-Commerce industry took the world by storm. There has been a steady growth rate of the E-commerce industry and it will continue because of several factors.
Urbanization had made it easier to shop online.
The online shop gives a wider range of products to choose from with ease and the comfort of your homes. If I need a pair of shoe on a particular budget, I don't need to spend hours checking 20 brick and mortar shops to get the kind of shoe for my budget, definitely not in the 21st century. It is easier to check various e-commerce platform anywhere in the world and get what you want to be delivered to your doorsteps.
For a merchant, it makes their product sell globally regardless of the country there are in.
This is why the E-commerce industry remains the best industry for fostering blockchain and cryptocurrency adoption and use.
CHIMPION is connecting both industries with the goal of championing crypto adoption and make people use cryptocurrency without understanding or bothering on the complexities involved.
ABOUT CHIMPION
The name champion was created from two words. Champion and Champanzee. These two words were not chosen randomly as they have significant meaning to the mission and goals of the Chimpion platform.
The significance of champion lies in the fact that Chimpion is championing blockchain and cryptocurrency adoption and use. This will be clearly achieved by having a global market for buying and selling with different cryptocurrencies including stable coins.
Chimpanzee is a highly intelligent animal and was the first animal to travel to space. Chimpion platform envisions when cryptocurrency could be used far and wide, even in 3rd world countries that lack steady internet and have a low level of technological awareness.
BLOCKCHAIN PROTOCOL USED AND HOW CONSENSUS IS ACHIEVED
The Chimpion crypto E-commerce platform uses delegated Proof of stakes to achieve consensus. It works like the popular EOS platform. The protocol is designed to be invulnerable to setbacks of the Proof of work and Proof of stake algorithm.
WHAT IS CHIMPION USE CASE
Yes, there are traditional E-Commerce platforms currently in existence, so how is the Champion platform making significant difference and impact in both industries and the world at large.
A large population of people in some developing countries are unbanked, worst still their currencies are unstable transaction fees are high and banking processes are complicated. On Chimpion however, crypto transaction fees are cheap and very simple. Stable coins are also available for use.
Having an online store in various traditional E-Commerce platform is expensive. The subscription fee and other fees are unaffordable by small business owners. Chimpion network subscription fee is zero. You just need to stake chimp token. This is done to prevent spam and have only serious merchants participate in the network.
Chimpion will drastically reduce fees of wholesalers that transact in bulk.
CHIMPION ROADMAP
CONCLUSION
Chimpion is connecting these massive industries and will disrupt the E-Commerce industry and make more merchants around the world sell online by reducing the cost involved.
YOU CAN STAY UP-TO-DATE ON THIS AMAZING PROJECTS BY FOLLOWING THEIR VARIOS ONLINE CHANNELS
https://www.chimpion.io/
https://www.chimpion.io/whitepaper/
https://t.me/chimpionio
https://www.facebook.com/Chimpionio
https://twitter.com/chimpionio
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