Join Our Telegram channel to stay up to date on breaking news coverage
Solana has risen to prominence as a favorite blockchain in 2024. Whether it’s on the basis of adoption, price appreciation or rising popularity, the Solana network has gained traction so far.
Not just that, the Solana blockchain has also become the breeding ground for several prominent meme coins like dogwifhat (WIF), Book of Meme (BOME), POPCAT, etc. Steering away from all the non-utility meme coins, let us come to Chimpzee.
Chimpzee is a meme coin that was born with vision and utility. How does it execute its vision, and how can Solana help? Read ahead to find out.
Solana’s benefits for Chimpzee
Even though Ethereum has enjoyed its good old days where everyone was building on the ETH network, times have changed. Developers are looking for faster and more reliable blockchains, which Solana definitely falls under.
Launching on Solana will have multiple advantages for the Chimpzee ecosystem. The Solana blockchain is infamous for its quick transactions. With this expansion, CHMPZ holders can send and receive CHMPZ faster.
The next key feature of Solana in comparison to Ethereum is its low gas fees. Ethereum has received backlash quite often for its hefty gas fees. Solana has a cheaper transaction cost, so users can send and receive CHMPZ without paying a lump sum of money as transaction fees.
Expansion to Solana will also provide CHMPZ holders with additional features, including better liquidity and improved trading access. Moreover, the Solana network is safe and secure, as the developers are always one step ahead to ensure that the network remains protected from any potential attacks.
Common questions about Chimpzee’s migration to Solana
Chimpzee is set to launch on the Solana network on Sept 20th. However, the community is definitely puzzled about how and why this can benefit CHMPZ holders. The expansion to Solana is just an addition, and it will not replace Ethereum.
Even though new tokens will be created on the SOL chain, they will not be added to the circulating supply. This is because the team will burn the same amount of tokens on the Ethereum chain.
The launch is scheduled right after North American Labor Day, on Sept 20th. Additionally, CHMPZ holders will be introduced to a new staking feature for SOL-based CHMPZ tokens later on.
However, the project’s core NFT passports will remain exclusive to the Ethereum network. NFT Passports won’t be available on the Solana network.
Interestingly, the Solana CHMPZ token will also be available on a top Solana decentralized exchange following the launch.
🔥 At Chimpzee, we're enhancing the scarcity and potential value of $CHMPZ through strategic token burning.
🤔 Why token burning matters?
By permanently removing tokens from circulation, we ensure their rarity as our community grows. Notably, as we launch on Solana, we'll burn… pic.twitter.com/N5KxPGx7o9
— Official Chimpzee Project (@RealChimpzee) August 20, 2024
Joining Chimpzee at the right time
It is very crucial to join a project at the right time. It determines whether that investment will bring you a profit or a loss. The expansion to Solana is a major milestone that could be a big event for the monkey-inspired meme coin.
Moreover, the project’s vision is what sets it apart from other meme coins. Chimpzee helps to protect the environment and save animals while helping to earn a passive income.
The project will allow users to earn income from their Chimpzee Shop, NFT Marketplace and Zero Tolerance Game. Additionally, they have four different types of NFT passports, and each of them comes with its own set of perks.
With a total supply of 20,000,000,000 CHMPZ tokens, the meme coin is already listed and tradeable on exchanges like MEXC, BitMart and P2B. They also have a strategic token burning system and are gearing up for some major announcements.
The project is constantly helping organizations that support animal welfare and environmental protection, and it is set to announce the next organization that it intends to help.
The launch of the SOL CHMPZ token is happening soon on the Raydium DEX. Follow their social media accounts to stay updated on these and other things related to this promising project.
JOIN CHIMPZEE COMMUNITY NOW
Join Our Telegram channel to stay up to date on breaking news coverage
