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Cryptocurrency News Articles
Chimpanzee Expands to Solana, Introduces Staking Opportunities for CHMPZ and NFT Passport Holders
Oct 02, 2024 at 06:03 pm
Chimpanzee, a blockchain project focused on eco-friendly initiatives, has launched a new chapter. The project is now on the Solana chain.
Chimpzee, a blockchain project dedicated to eco-friendly initiatives, has recently expanded its multi-chain capabilities by launching on the Solana chain.
This launch will be followed shortly by Chimpzee becoming available on the Raydium Dex.
Chimpzee’s integration with Solana will enable the project to leverage the network’s fast and cost-efficient transactions. This move will also broaden Chimpzee’s reach within the crypto community, exposing the project to a wider audience.
By adopting Solana, Chimpzee gains access to cross-chain functionalities, which can enhance liquidity and potentially boost the token’s presence in the market. This strategic step aligns with the project’s goals of scaling and acquiring new users.
Chimpzee offers two distinct staking options, one for its native CHMPZ tokens and another for NFT Passport holders.
According to the announcement, CHMPZ token holders will be able to earn up to 40% annual percentage yield (APY), presenting an attractive avenue for passive income. This staking opportunity will reward users for their participation and contribute to the security of the Chimpzee network.
Those with NFT Passports will be eligible for a special staking program that can pay up to 20% APY. This move will further engage Chimpzee NFT Passport holders in the ecosystem and provide them with incentives.
Together, these staking options will strengthen the stability of the project and offer users significant financial advantages.
Staking helps reduce the circulating supply of CHMPZ tokens, which can increase demand and stabilize prices. This process encourages long-term holding, potentially leading to price appreciation over time.
Moreover, locking tokens through staking enhances the network’s security, making it more resilient to potential threats.
The Chimpzee NFT Passport is a key component of the project’s ecosystem, providing holders with exclusive perks. NFT Passport owners will gain access to unique opportunities within the platform, including the most lucrative rewards.
As highlighted in an official Chimpzee tweet, acquiring an NFT Passport will enable users to maximize their earnings and enjoy premium benefits within the Chimpzee ecosystem.
People who have an NFT Passport can also enter to win different prizes. The first drawing takes place on September 27, 2024, with a $10,000 big prize.
This Friday one lucky NFT holder is going to win the first prize of $10,000 USDT!
This is how it will work.
➡️Our system will randomly pick one person that is holding an NFT Passport. This drawing applies to all NFT Passport holders.
➡️The winner will have to claim their prize… pic.twitter.com/KTVNzj39Gt
— Official Chimpzee Project (@RealChimpzee) September 24, 2024
All NFT Passport holders are eligible, making this an exciting incentive for participants. Beyond staking rewards, the Chimpzee NFT Passport opens doors to other activities, such as the Chimpzee Shop and P2E features.
This NFT Passport increases engagement by offering users multiple avenues to generate passive income. This modelслам integrates NFT Passport as a valuable tool for investors.
With the combination of high staking APY and access to exclusive features, the NFT Passport represents a comprehensive way for users to maximize their involvement in the Chimpzee project.
Chimpzee is a project that combines blockchain technology with environmental sustainability. A portion of its revenue is channeled into supporting wildlife conservation and addressing climate change.
The Chimpzee Shop, Play, and Trade to Earn models are all designed with environmental awareness in mind. For example, the Chimpzee Shop will offer users the chance to buy eco-friendly merchandise, with a percentage of profits going to charitable causes.
The Play-to-Earn initiative further aligns with the project’s environmental goals by involving users in the Zero Tolerance Game. Players will earn CHMPZ coins by engaging in activities that protect wildlife and forests from destruction.
At the core of Chimpzee’s operations is the CHMPZ token, which serves as the primary utility token across the ecosystem. CHMPZ tokens are integral for staking, trading, and participating in various features offered within the platform.
Staking CHMPZ tokens can yield high rewards, making it a key feature for investors seeking passive income.
Staking CHMPZ tokens lets users lower the circulating supply, influencing the price of the token. This promotes long-term retention and helps the environment to be healthy generally.
Also available on the NFT Marketplace, where users will be able to trade environmentally friendly NFTs and help to preserve the surroundings, are the tokens.
Still another creative feature of the Chimpzee ecology will be the Trade-to-Earn mechanism. With part of the trading fees distributed among users, it lets consumers earn incentives by trading NFTs.
By means of the sales and purchase of environmentally friendly NFTs, this function encourages environmental awareness and motivates active involvement in the platform.
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