The evolution of digital payment has been dramatic Over the last few years with the peaking of the internet economy. Fintech companies have been working to bring technology to the people, collaborating with financial institutions and governments to inspire change in the payment landscape. However, the emergence of blockchain technology has Opened even more possibilities and organizations and innovators look to shift from the traditional centralized digital payment systems to new payment models powered by decentralized currencies. Basemon is designed to continue with the trend Of shifting the world to a ‘cashless’ economy through blockchain technology that is fast, cheap, secure, and convenient. Basemon blockchain, based On Proof-Of-Work (POW) Consensus method and NIST5 algorithm, is designed to be fast, secure, and cheaper than the major blockchain networks such as Bitcoin. With its native cryptocurrency, Basemon Coin, BMC, the network will enable merchants and consumers to interact directly without any intermediary. Blockchain technology has the potential to facilitate efficient, transparent, secure, and cost-effective transactions than the current centralized systems. Leveraging blockchain is aimed at reducing cost, eliminating processing layers (intermediaries), faster transaction time, and ensuring more secure transactions. Therefore, Basemon is built to be all-inclusive and accessible to the masses, eliminating fraud, and enabling multiple forms 0f financial collaborations between consumers and merchants