The ChampCoin (TCC) is a decentralized blockchain platform that operates on the Ethereum network. ChampCoin claims to be the first platform of its kind to empower the marketing and advertising industry. The platform seeks to provide a secure and transparent environment to the participants who wish to access a genuine pool of clients, service providers, products, and reviewers.
As mentioned in its whitepaper, the TCC platform can be delivered to customers as a market and browser application on internet-enabled services. The users have the option to choose their end goals of being at the platform. The users are segregated based on what they are looking for. The presented information is then added to the blockchain to be accessed by the community. Considering this, the main objective of the platform is to provide users with a platform that suits their needs as well as ensure secure advertising, open-source software contributions, crowdsourcing, and more.
ChampCoin provides blockchain-powered smart contracts as the mode of advertisement. The platform makes use of smart contracts so that only genuine customers, who are interested to avail the provider’s services, access the provider. Additionally, the possibility of fake leads in this platform is almost nil since no agency controls the platform. Thus, the TCC platform maintains the authenticity of leads.
ChampCoin’s native token ‘TCC’, is used as a medium of transaction on the platform. The TCC is an ERC20 token on the Ethereum blockchain, and is primarily developed to make the platform more accessible.
Users with TCC tokens are advanced to avail any services from the platform. Also, the holders of the TCC token are enabled to mint the tokens, which is the only source of getting TCC tokens apart from trading. Minting is the process of creating new tokens. These tokens can also be loaned to someone on the platform to earn a yield. Unlike the price system of any other cryptocurrency, ChampCoin’s price mechanism is community-dependent.