Environmental protection crypto project Chimpzee will burn tokens in March
The community is "thrilling" in predicting that Chimpzee ($CHMPZ) - a project focusing on charitable activities will cause "supply shock" after the token burn scheduled to take place on March 1, 2024.
The development team has announced it will burn up to 5 billion $CHMPZ tokens, and traders believe this move will push the token price higher. In addition, this Web3 project also plans to launch NFT Passport, open the NFT exchange and promote additional listings on other exchanges in the process of developing the ecosystem.
Token burns are often performed to reduce circulating supply, thereby creating scarcity and potential price increases. For Chimpzee, burning 5 billion tokens is equivalent to a quarter of the total number of existing tokens, which is a significant number and could have a drastic impact on the value of the coin.
Winning: Chimpzee prepares to burn 5 billion $CHMPZ tokens in March
The Chimpzee ($CHMPZ) fever has not yet cooled down after this coin officially launched on the market. Recently, the development team caused a stir in the community when announcing a monumental token burn scheduled to take place in March 2024.
On the project's Twitter page, the Chimpzee team announced they would "welcome March" by burning 4 billion $CHMPZ tokens.
This event will directly reduce the total circulating supply of $CHMPZ to only 20 billion tokens, a significant number compared to the initial total supply. This will create significant scarcity in the ecosystem, potentially dramatically impacting the value of the coin
Traders are predicting that the price of $CHMPZ will pump very strongly after the upcoming token burn, as the amount of tokens on the market will then decrease.
The attraction of this "supply shock" is also reinforced by the enthusiasm of $CHMPZ token holders.
They are rushing into the ecosystem and starting staking with the hope of earning profits with attractive APY levels.
To date, there have been over 4.7 billion $CHMPZ tokens deposited into the staking contract, with a current APY of up to 40%.
The combination of token burning and continued $CHMPZ staking will contribute to driving a “supply shock wave” and push token prices even higher.
What is Chimpzee?
Chimpzee is a very special project in the Web3 world thanks to its good efforts and positive contributions to society. This project not only attracts attention for its profit potential but also scores points in the hearts of the community thanks to its noble mission: building an ecosystem that creates sustainable passive income, while raising funds to Support charities working to stop climate change and protect animals on the brink of extinction.
Chimpzee's significant contributions have brought about a positive impact on the environment and the animal world. The project has funded large sums of money to help conserve the last herd of desert elephants, supported organizations that rescue the few hundred black leopards globally, and participated in activities to plant thousands of trees. green.
These practical actions not only show Chimpzee's strong commitment to the environment and wildlife, but also inspire the community to join hands in building a better future.
The Chimpzee cryptocurrency project has made a deep impression with a series of meaningful contributions to society and the environment, here are some specific examples:
Support for conservation of rare black panthers: 20,000 USD was given to WILD Foundation, contributing to protecting the last black panthers. Green lungs for the Earth: More than 21,000 trees have been planted in the South American Rainforest through the One Tree Planted organization.
Healing four-legged friends: Forgotten Animals Foundation received a donation from Chimpzee, supporting the neutering of 240 cats and 180 dogs in Ukraine..
Protecting Rainforest Treasures: 1,000 meters of Australian Rainforest has been protected by Rainforest Rescue thanks to funding from Chimpzee.
Greening Tanzania: Chimpzee's tree planting journey continues with 5,000 trees planted in Tanzania through WeForest.
These are just a few of Chimpzee's many contributions, with the launch of “shop-to-earn”, “trade-to-earn” and “play-to-earn” products, Chimpzee will have add abundant resources to continue carrying out its noble mission.
NFT Passports is coming soon – An attractive passive income opportunity
In addition to token burning, the Chimpzee team also promises to launch the “Chimpzee NFT Passport”, this feature is expected to be completed and released in March.
This is an opportunity not to be missed to optimize passive income in the Chimpzee ecosystem, with exclusive privileges for owners such as:
Higher $CHMPZ reward rates and exclusive discounts in the Chimp Shop.
Increased share of transaction fees generated on NFT Exchanges.
Discounted trading fees on NFT Exchanges.
Discounts on advertising on the platform.
Higher rewards when playing Zero Tolerance game
Staking rewards for NFT Passport holders.
Exclusive access to ICO events, airdrops, and special offers within the ecosystem.
Even more expected, the Chimpzee NFT Marketplace will be launched in early Q2, marking the birth of the trade-to-earn ecosystem for Chimpzee.
Trade-to-earn is the second passive income product of the Chimpzee project, allowing users to earn passive income from trading fees generated on the NFT market. After launch, NFT Marketplace will go through a testing period before officially operating at a later date. This means you will soon be able to participate in trading unique, exciting NFTs on the Chimpzee NFT Marketplace, with each transaction generating revenue for the platform.
$CHMPZ is listed on a leading exchange, the staking feature has gone live
The Chimpzee ecosystem is experiencing strong growth with increasing appeal to the community thanks to its diverse utility system and core values towards common goals.
The first important milestone is the successful launch of the $CHMPZ token. This token is currently listed on a number of reputable exchanges such as P2B Exchange and Bitmart, creating favorable conditions for users to buy, sell and exchange.
Not stopping at initial successes, the Chimpzee team is determined to conquer new milestones. In next March, they plan to continue to "sweep" major exchanges and announce another exchange in the Tier 1 segment - reputable exchanges with the world's leading trading volume. .
Along with the development of the product system, Chimpzee is expected to continue to affirm its position as the most typical charity Web3 project today. With its proactive and transparent activities, Chimpzee is proving that blockchain technology not only offers attractive investment opportunities but can also be leveraged to create positive impacts for the world.
