Join Our Telegram channel to stay up to date on breaking news coverage
Chimpzee ($CHMPZ) is preparing for a mega burn event on March 1 – one that is predicted to send the token’s price through the roof.
While the prediction may sound too optimistic, it stands on solid ground. The much-awaited token burning will send 5 Billion $CHMPZ tokens out of supply, bringing scarcity to the picture.
Chimpzee is Going to Start March with a Bang
Chimpzee is one of the most celebrated meme coins of this season. The project’s wildlife mission sets it apart from the crowd of meme coins that lack originality and relevance.
The unique value propositions of the project, deep-rooted in a wildlife mission, helped Chimpzee amass $2.7 million in its grand presale and then go on to make a successful debut. Despite the bear market that gripped the market, the Chimpzee community has been loyal to the project.
Stepping into March, Chimpzee is planning to invigorate the token’s price action. Two events will cater to this goal initially.
- The mega burn event of March 1st will drop the total Chimpzee supply to 5 Billion tokens. By the end of the event, the total supply will be reduced to 20 billion.
- Shortly after that, Chimpzee NFT Passports will be launched. That is expected to remove 5 billion CHMPZ tokens from the circulating supply.
Together, these events will burn up to 10 Billion tokens. Token burn events are a proven tool when it comes to taking advantage of the inverse relationship between price and supply. As the supply goes down through these series of token burn events, the price of $CHMPZ is expected to increase to keep up with the demand.
The demand, in turn, will be fuelled by the staking system in the primary stages. Depending on the staking amount, the reward APY can go as high as 40%.
The wildlife project’s native token $CHMPZ is now listed on the P2B exchange and Bitmart. To learn more about the staking system and how it works, go to the Chimpzee staking dashboard.
Chimpzee is going to start March with a Bang and Burn 5 Billion Tokens to drop the total supply to 20 Billion tokens! 🥳👍
The NFT Passports will be launched shortly after and if sold out will remove up to 5 billion CHMPZ tokens from the circulating supply.🎉🤩
These two events… pic.twitter.com/rCEF5BPnzW
— Official Chimpzee Project (@RealChimpzee) February 11, 2024
Chimpzee: A Wildlife Token With a Global Vision
The desire to protect nature is ingrained in the human psyche. But the hectic demands of our daily lives spare us little time or motivation to make any tangible contribution.
Chimpzee ($CHMPZ) is a new project that empowers people to make a meaningful impact on the environment. All they have to do is simply hold $CHMPZ tokens. The project shares the profits it generates on its three-pillared ecosystem with various credible environmental initiatives across the world.
For example, Chimpzee has already supported organizations like the WILD Foundation, Forgotten Animals, One Tree Planted, and The Giving Block. It made sizable contributions to different environmental causes during its presale period, instilling faith and confidence in the project.
Chimpzee is going to make a donation to the Sloth Conservation Foundation to help save one of the slowest mammals on our planet.
Our donation will help plant over 200 sloth-friendly trees, crucial for their diet and shelter, enhancing their natural habitat and promoting a… pic.twitter.com/07v59uxvpC
— Official Chimpzee Project (@RealChimpzee) February 7, 2024
Moving forward, Chimpzee will continue to donate profits to similar projects. But from a $CHMPZ holder’s perspective, the token is not just a social investment. It also gives them tangible financial rewards.
First, Chimpzee is a highly market-relevant cryptocurrency that can amass multifold growth in the coming years. The meme coin flavor of the project, in particular, hints at a strong pump in the next few weeks.
Wildlife Conservation in a New Medium
The unique half-ape, half-human theme gives the project a strong foothold in the meme coin market, which is currently crowded with Dog coins. But the meme coin theme is merely a packaging that draws attention to Chimpzee’s broader mission of promoting climate action.
The utility ecosystem and wildlife vision that underpin the project, on the other hand, will continue to drive the token’s demand and value.
Chimpzee’s goal is to revitalize wildlife conservation efforts by utilizing its crypto capabilities.
For example, Chimpzee has a shop-to-earn pillar that offers branded items like t-shirts and mugs with wildlife conservation and climate action slogans. The merchandise store allows customers to earn $CHMPZ rewards with each purchase.
The trade-to-earn pillar is an NFT marketplace that features a profit-sharing model, and caters to active traders and sustainability investors. Chimpzee’s Zero Tolerance Game is a play-to-earn game with a wildlife conservation theme.
Buy the Dip Before the Pivotal Mega Burn
The mega burn event of March will mark a pivotal milestone for Chimpzee. For a very long time, token burn events have proven to be a great fuel for price action. Meme coins, in particular, stand to benefit from them a lot.
The upcoming NFT launch is another much-awaited milestone for the token. The NFTs, divided into different series, will give holders an array of perks and privileges within the ecosystem. Most importantly, it will give them higher earning potential.
While the token staking APY caps at 40%, staking Chimpzee NFT Passports will yield an APY of 20% APY more.
Many crypto platforms promise astronomical staking APYs. But they also take a sharp decline soon after. A huge pile of staking rewards amount to nothing if the underlying ecosystem is flimsy. From that perspective, Chimpzee offers one of the most dependable passive income opportunities in 2024.
Join Our Telegram channel to stay up to date on breaking news coverage
