The post Is Chimpzee Ready for a Pump? Wildlife NFT Launch and 5 Billion Token Burn Fuel FOMO appeared first on Coinpedia Fintech News
Chimpzee (CHMPZ) is preparing for the much-awaited launch of its NFT collection titled ‘Chimpzee NFT Passports’. It uses a distinct strategy for revitalizing wildlife conservation through crypto incentivization.
Chimpzee tokens and NFTs become more than just volatile digital assets fuelled by hype or collectible appeal for this reason.
Crypto as a Tool for Driving Meaningful Change
Chimpzee NFT Passports represent a notable shift in the cryptocurrency market towards impactful solutions that work for real-world goals.
The project has dedicated 10% of its token supply to support global wildlife conservation initiatives. It channels its resources to organizations actively engaged in these critical areas. The goal is to drive meaningful initiatives worldwide by tapping into the crypto community.
As a blockchain venture, Chimpzee’s climate efforts are intrinsically linked to the price and adoption of $CHMPZ tokens. That means the impact of its donations also hinges on the robust price dynamics of $CHMPZ tokens over the long term. It will be influenced by factors such as demand and utility, like all assets.
Three Pillars For Price Action
Chimpzee’s ecosystem depends on three pillars to foster demand, utility, and value appreciation. A community centered on sustainability is nurtured through its shop-to-earn, trade-to-earn, and play-to-earn platforms.
The shop-to-earn platform functions as an online merchandise store offering a range of products from t-shirts to mugs and bags. They all feature quotes or illustrations advocating climate action. The trade-to-earn platform serves as an NFT marketplace, employing a profit-sharing model that rewards active traders with a share of the platform’s revenue. Chimpzee’s Zero Tolerance Game creates supplementary income opportunities for fun-loving community members.Integrating crypto incentivization and entertainment at its core, Chimpzee stands out from the crowd. Rather than relying solely on awareness programs, it adopts a results-oriented approach.
Because of the notion of rewards, customers actively engage and participate in these platforms to earn CHMPZ coins. Although traditional awareness campaigns have their advantages and impact, they often suffer from low conversion rates.
More importantly, they are snail-paced to make a difference, as they rely on the goodwill of the audience. The fact remains that most people are aware of the negative impact of carbon footprints. However, they feel unsure about the significant impact of their individual contributions and are hesitant to take action.
Chimpzee tackles this challenge by introducing a results-oriented approach that goes beyond what traditional sustainability projects typically offer. The crypto asset and NFT collections drive meaningful engagement and participation.
By holding the NFTs, users get various perks and privileges in the Chimpzee ecosystem, including attractive staking APY and an opportunity to win $10,000 USDT in a special promotion reserved just for them.
Deflationary Tokenomics as a Cornerstone Strategy
To attract early investments and maintain consistent price dynamics over the years, Chimpzee makes use of token burns. The strategy leverages the inverse relationship between token supply and price.
Chimpzee cuts down its token supply gradually to positively influence price dynamics.
In March, the project conducted a token burn, eliminating 5 billion tokens from circulation. An equally impactful token burn event will accompany the launch of Chimpzee NFT Passports, aiming to remove an additional 5 billion tokens. It will reduce CHMPZ’s circulating supply from 8 billion to approximately 3 billion tokens.Chimpzee’s bold global mission with an environmental focus has earned attention from traditional communities working for sustainability and climate action. The environmental objectives linked to $CHMPZ tokens open large investment opportunities this year.
Is Chimpzee Ready for a Pump?
Yes. Chimpzee is on the verge of a pump this April owing to the token burn and the much-awaited launch of Chimpzee NFT Passports. The growing excitement around the launch is paving the path for a potential price surge in the coming days.
There are more reasons behind the craze, however.
Chimpzee’s distinctive half-ape, half-human character is hyped to go as big as the widely popular Bored Ape Yacht Club that went on to create history. The ape theme gives the native coin $CHMPZ a meme coin essence that can trigger a massive pump on escalation. The Chimpzee Staking Program offers up to 40% APY. Opportunity to win up to $10,000 USDT in exclusive promotion More importantly, the collection is garnering attention from outside the crypto market for its environmental goals.For more details and to purchase $CHMPZ tokens before the NFT launch, visit the official Chimpzee website.
