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Blockchain-based wildlife conservation project Chimpzee has unveiled part 1 of its planned launch of its much-awaited online store, the Chimpzee Shop. The platform’s tagline is ‘Shop, Earn, and Save the Planet’.
The merchandise features powerful statements about a sustainable and compassionate future and showcases the customer’s commitment to a greener future.
Combining wildlife conservation with crypto incentivization, Chimpzee’s goal is to nurture a new generation of eco-conscious consumers.
CHIMPZEE WELCOMES EVERYONE TO BROWSE THROUGH THE NEW CHIMPZEE SHOP!https://t.co/Xj8U77NZYN
➡️This is Part 1 of our 2 part staged opening. In this first part you can browse Chimpzee gear in the shop and create an account. You will not be able to buy yet as we are still… pic.twitter.com/h9rHCv7f0c
— Official Chimpzee Project (@RealChimpzee) October 13, 2023
Part 1 of the Launch
The recent launch is Part 1 of the opening, divided into two.
In the current stage, users can browse Chimpzee gear and create an account on the shop. It doesn’t support purchases yet as the team is still conducting quality control tests and finalizing the functionalities with its payment provider.
The full-fledged shop will go live soon, where you can buy gear and earn CHMPZ tokens in return. The platform will also allow users to keep track of their rewards and see how many CHMPZ tokens they could earn.
The Shop-to-Earn platform is the first of the three-pillared Chimpzee ecosystem, which will provide users with different avenues to earn rewards. Users can engage with the Play-to-Earn and Trade-to-Earn pillars of the ecosystem to make compelling side income as they save the planet.
How Does it Work?
Chimpzee contributes a portion of its profits to credible environmental initiatives that are aligned with its vision to save wildlife. For example, Chimpzee recently donated $15,000 to protect one of the last herds of desert-adapted elephants in the world joining forces with WILD Foundation.
In another collaboration with One Tree Planted, the project planted 1200 trees to restore the Brazil rainforest and 20,000 trees in Guatemala.
In addition to One Tree Planted and WILD Foundation, Chimpzee is working together with Rainforest Rescue and The Giving Block.
These initiatives have gone on to establish the credibility of the project in the crypto space. Chimpzee is planning to donate money to more causes in the coming days as it crosses new milestones in its ongoing presale.
Chimpzee is going to help save animals that have been left behind or forgotten in worn torn Ukraine. Our donation will help neuter hundreds of cats and dogs, abandoned during war in Ukraine, raising their chances of re-homing.
WE ARE ALMOST LESS THAN 30K AWAY FROM HELPING THESE… pic.twitter.com/WanpkBr6Qz
— Official Chimpzee Project (@RealChimpzee) October 15, 2023
Whether it’s donations or product development, Chimpzee is ahead of the roadmap. The proactive approach of the project has resonated with the audience, as shown by the fast progress of the presale, which is now past the $1.6M milestone.
The project is now working on its NFT marketplace, the trade-to-earn pillar of the ecosystem. The NFT store will maintain a competitive edge by setting aside a portion of its profits to active traders.
Tackling Human Inertia Through Rewards
Humans tend to maintain an inertia when it comes to long-term goals or endeavors. We know we want to lose weight. But we just can’t get started. It’s always tomorrow. We take a similar approach toward sustainability endeavors like wildlife conservation and climate action.
Everyone knows that planting a tree can help the planet immensely. And a few dollars from our disposable income every month can make a small yet significant difference in saving endangered species. But the macro scale of these goals dispirit us. Moreover, we have other things to worry about.
Like our work deadlines and workout plans and diet.
But if we keep postponing our responsibility toward the planet, it will soon turn uninhabitable. Chimpzee aims to tackle this human inertia with rewards. It allows users to earn passive income while they save the planet.
Rewards Are Paid in CHMPZ Tokens
CHMPZ is the native cryptocurrency of the Chimpzee ecosystem. It facilitates the smooth functioning of its three pillars – the shop2earn, play2earn, and trade2earn platforms – by supporting the payment and reward system.
Being a cryptocurrency, CHMPZ tokens will be traded on public exchanges for crypto after the presale has eneded. They have real-world value.
The NFTs, on the other hand, give users exclusive benefits within the ecosystem. They are also one of the most coveted digital assets this year due to their collectible value and very limited amount.
The ongoing CHMPZ presale allows early investors to purchase the token for discounts before it lists on public exchanges. The presale is open to the public. Within days of going live, it has raised $1,63 million out of its targeted $1.85 million.
At the current pace, the presale will sell out in a few days. In fact, it is currently in the 14th stage of its 16-stage presale. In each stage, the token price undergoes a small increase. The current stage offers a 4X bonus to investors.
Staking and Burning Support the Price Action of CHMPZ
Chimpzee has integrated burning and staking mechanisms into its ecosystem to hedge the token against downtrends. All cryptocurrencies, including the ones backed by utility-rich ecosystems, are susceptible to market whims.
The volatility of the market can often be intimidating. Sometimes, it takes a huge toll on the asset that it needs a long time to rebound.
We have received a few questions on whether Chimpzee can reach its listing price if we reduce the Total Supply to under 40 billion tokens?
CHIMPZEE HAS A CURRENT TOTAL SUPPLY OF 37 BILLION NOW!🤩
This is what we have found:
XRP has a Total Supply of 100 Billion
XRP launched at…— Official Chimpzee Project (@RealChimpzee) October 14, 2023
Chimpzee addresses the challenge through a burning mechanism that reduces the supply of the token when used to buy the NFT Passports and burning events. As a result, the token will be able to retain its price and maintain sustainable growth by taking advantage of the inverse relationship between supply and price.
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