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Use Chain Mall Token to get discounts on purchases and fees!

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Chain Mall Token Overview

Chain mall token (Cham) Overview

Chain Mall is an EC mall that will be developed with the aim of utilizing the NFT platform, which basically deals only with digital contents, not only for digital contents but also for real contents (physical products). The paper-based guarantee attached to luxury brand products and accessories can be issued as NFT and managed together with the product. This prevents the distribution of counterfeit brand-name products and guarantees the authenticity of the product at the time of resale through NFT.

Chain Mall Token ( cham )

It is a Token that can be used in the NFT platform's "Chain Mall" Chain Mall Token allows you to receive discounts on purchases and fees.

Non Fungible
Token
Just comparing the number of active wallets (+97%) and the number of people who traded NFTs (sell: + 66% buy: +24%) over the past three years, we can see that 2020 was the first year of NFTs. As for the total transaction value, it has grown rapidly by 299% compared to 2019.
Activities of NFT users in 2018 - 2020

NFT Market

The NFT market size has more than doubled to $338 million from about $140 million in 2019. The NFT market size is calculated from the total value of all the NFTs in the market.
NFT Market Size in 2018 - 2020

NFTs are often used to sell in-game characters and digital art. Chain Mall, however, will specialize in the distribution of physical goods and will be a mall with the potential to maximize the potential of NFT. Of course, it is a hybrid NFT platform that can sell not only physical goods but also digital data. On NFT platforms around the world, the NFT market is heating up, with digital art being traded for 800 million yen and game character data being traded for tens of millions of yen. As the market expands, the demand for NFT-related services is expected to increase.

Chain Mall
Business Background

Background of Chain Mall

Background of Technology Developmen
The online shopping mall market is heating up around the world. This market, fueled by the coronavirus, is also experiencing a rapid increase in the number of counterfeit brand products. Fake brand products are now said to account for 2.5% of global trade, amounting to a whopping $5 trillion (about ¥550 trillion).
Source: "OECD (2016)" http://www.oecd.org/
In China, e-commerce companies are spending a lot of money trying to eliminate counterfeit brand products, but counterfeiters are also expanding their market to compete with them.
Source: "Toho Shimpo (9/3/2018)" https://www.afpbb.com/articles/-/3188241
In China, where sales of counterfeit brand-name products are frequent, many companies are making efforts to eliminate them at great cost, but counterfeiters are also expanding their market by any means necessary.
Source: Toho Shimpo (9/3/2018), https://www.afpbb.com/articles/-/3188241
There are also some problems with paper product warranties. There are issues specific to paper, such as theft or loss of the warranty, a full description of the product if it is changed to the next owner, and the loss of the warranty can drastically reduce the reputation of the product even if the product itself is genuine. Other problems include the cost of managing warranty cards for expensive products such as business equipment and cars, and the difficulty of verifying the history of the product when the owner changes. The main reason for these problems is that there is no way to prove the warranty digitally, and the number of markets dealing with digital warranties is overwhelmingly insufficient. However, NFT can solve these problems. The ability to digitally prove the value of a product and visualize it will be a huge benefit in solving the problems that paper warranties currently have.
Features of Chain Mall

Features of Chain Mall

  • ① Guarantee cards can be managed by NFT.

    The value of products can be visualized digitally, which is expected to solve the problem of conventional paper and create more value.

  • ② Support for various types of payments

    Although most normal NFT transactions are settled only with cryptocurrencies, mainly ETH, it is possible to support a variety of payment methods including credit cards, just like a normal EC mall.

  • ③ Discount system for transaction fees

    By making payments with chain mall tokens, you can get discounts on various transaction fees charged at the time of sale or use.

  • ④ Purchase tokens to purchase products and receive discounts.

    Discounts will be applied when "Chain Mall Tokens" are used for payment.

  • ⑤ You can handle not only digital content, but also real content.

    This is a hybrid NFT platform that allows you to sell not only digital data, but also real products such as luxury brand goods.

  • ⑥ You can make NFTs of the original contents you support.

    It has a crowdfunding function that allows creators to collect funds to create new NFT products.

Content Example
NFT of tickets

Have you ever heard of the "high-priced resale of tickets," which has become a major problem in the ticket industry? At ChainMall, we utilize blockchain technology to tackle this problem.

What lies behind this problem is the expansion of the "secondary ticket distribution market. The current market size for live concerts and stage performances is about 500 billion, and the market size has doubled in the past 20 years. In the past, when money ticket stores were the mainstream, the secondary distribution market was only about 20 billion yen, but with the spread of the Internet, it has expanded to 60 billion yen.

As the barriers to entry have been lowered significantly, the damage caused by resellers buying up goods with the aim of reselling them at high prices has also increased. The reason why there is no sign of a decrease in this problem despite the increase in damage is because of the lack of anti-fraud measures such as stricter identity verification. Furthermore, the limited method of obtaining tickets, such as fan club pre-sale, is very advantageous for resellers. If the tickets can be sold in such a way that they are evenly distributed to those who want them and the opportunity to obtain them is equal, it will become more difficult to profit from resale.

Chain malls make distribution transparent by selling NFT tickets, and since all distribution routes of NFT tickets are recorded on the blockchain and made public, organizers of live concerts, etc. can only accept NFT digital tickets that have been assigned to the address of the primary distributor. In this way, the problem of counterfeit tickets as well as high resale prices can be solved.

Unique NFT Management Wallet

Conventional wallets make it difficult to know which NFT token is associated with which digital data. ChainMall's NFT management wallet visualizes this part and allows you to easily manage your NFT tokens.

Vision
In the future, we aim to partner with various brands to issue and deploy NFT tokens as a guarantee for brand products.

We also aim to create a platform where artists and creators who have outstanding abilities but do not know how to develop their performances can be properly evaluated, and where products that are physically difficult to develop beyond the existing global barriers can be developed. We aim to create a platform that can create liquidity and enable proper evaluation on a global scale.

発行元　＞　社名：Babel Co., Ltd.
所在地：Home: 93C, street 148, Vimean Phnom Penh , Sangkay Chrang Chomres, Khan Russey Keo, Phnom Penh , Cambodia

News
2021/11/01 Updated press release