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Chimpzee ($CHMPZ) is one of the most exciting crypto coins to enter the market in recent times. The wildlife conservation project stands apart from the market with a novel mission that gives it global purpose and relevance.
Stepping into March 2024, Chimpzee burnt 5 billion tokens as part of supporting the price action by limiting the supply. Another 5 billion tokens are expected to be burnt soon, as the much-awaited Chimpzee NFT Passports are launched into the market and poised to sell out. They come with exciting perks and privileges for the community, including more reward rates in the three-pillar Chimpzee ecosystem.
An Eventful Month Scheduled
The growing fervor in the crypto market is driven by the anticipation surrounding the upcoming Bitcoin halving. Chimpzee has a strategic schedule ahead that takes full advantage of the fertile landscape, as shown below.
CHIMPZEE is Listed on Coinmarketcap (CMC)!
Add CHMPZ to your watchlist! 👍https://t.co/9C0zrfQswH
Chimpzee raised over $2.7 million in its presale and offers a chance to generate passive income while actively participating in the battle against climate change and wildlife… pic.twitter.com/KuR3Bd2gYy
— Official Chimpzee Project (@RealChimpzee) March 15, 2024
Chimpzee recently completed its highly anticipated token burn. It successfully removed 5 billion $CHMPZ from circulation.
But what is the relevance of the event?
Token burns leverage the inverse relationship between price and supply. The mechanism offers significant benefits to early investors. In fact, historically, they’ve ignited substantial price surges by introducing scarcity into the picture.
The mega burn event of March is just one of the many that Chimpzee has been deploying since its presale stage. The project has plans for more token burns, including the one to be held during the NFT sales.
With the recent token burn making waves in the crypto community, March is shaping up to be a lucrative month for Chimpzee. To add to the momentum, Chimpzee is expanding its presence across multiple exchanges as it is listed on MEXC a top 20 exchange . The staking system with up to 40% APY and the launch of Chimpzee NFT Passports are expected to further drive price movements.
In addition to giving greater rewards and earnings within the ecosystem, the Chimpzee NFT Passports also hold significant resale value. Being one of the most sought-after NFT collections of 2024, they are expected to enter the top lists on launch. The wildlife conservation mission ingrained into the project, in particular, makes them highly coveted.
The potential decrease of the token circulating supply of up to 5 billion on the NFT launch will exert a significant impact on Chimpzee’s price trajectory. The wildlife conservation coin emerges as a leading candidate worth keeping an eye on this month, as a result.
Chimpzee Doesn’t Fit the Conventional Notion of a Meme Coin
Chimpzee doesn’t conform to the norms. Going beyond the conventional notion of a meme coin, Chimpzee puts forward a grander mission. Rather than merely chasing trends, it leverages the meme coin look to bring attention to its larger environmental objective. Chimpzee aims the protection of wildlife and the promotion of conservation awareness through blockchain technology and crypto incentivization.
While the typical meme coin archetype depends solely on hype for price action, Chimpzee’s strategic adoption of meme coin elements helps generate enthusiasm for its core mission of wildlife conservation. Chimpzee’s choice of a hybrid ape-human character avatar is unique, yet perfectly suited for kindling the next meme coin craze.
By embracing the meme coin identity, Chimpzee has effectively cultivated a substantial community in a relatively brief span of time. It sets an example in merging popular crypto trends with meaningful environmental missions.
Chimpzee harnesses the decentralized and transparent nature of blockchain to launch a first-of-its-kind environmental initiative.
How Does it Work?
Chimpzee employs a pragmatic stance towards achieving tangible results. For starters, it introduces crypto rewards as a catalyst for change.
These reward mechanisms play a pivotal role in encouraging conservation efforts, as shown below.
- Shop-to-Earn: The Chimpzee store incentivizes users with $CHMPZ tokens for purchasing merchandise. They are featured with wildlife conservation and climate action quotes and themes.
- Trade-to-Earn: Chimpzee’s NFT marketplace attracts traders with its profit-sharing model and environmental-themed collections.
- Play-to-Earn: The Zero Tolerance Game, tailored for younger demographics, helps build a deeper connection with nature through gameplay.
Chimpzee’s commitment to environmental causes is evident from its presale stage. It has actively supported various initiatives through partnerships with organizations like the WILD Foundation, Forgotten Animals, One Tree Planted, and The Giving Block.
The Best Crypto to ‘Buy the Dip’ Now
Chimpzee has some eventful weeks ahead of it. Waiting until the price breakout to buy $CHMPZ may prove to be a costly decision, given the rapidly growing hype around the project.
The enthusiasm is justified given the upcoming NFT launch, a series of exchange debuts, and the adoption of the staking reward system. All of these elements point towards a meteoric price surge. While Chimpzee can be described as a meme coin, it has high long-term relevance in the market.
Visit the official Chimpzee website to learn more about Chimpzee’s wildlife conservation initiative and buy $CHMPZ tokens via P2B, BitMart or MEXC.
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