Chimpzee ($CHMPZ) Announces Staking on Solana, ETH-SOL Bridge, and Solana-Based NFTs

Environmentally conscious crypto project Chimpzee keeps providing several opportunities for people to profit while helping the ecology of the earth.

The Chimpzee project has announced new developments for its $CHMPZ token on Solana, as part of its multi-chain expansion efforts. Being an environmentally conscious crypto project, Chimpzee continues to offer opportunities for people to earn while contributing to the planet's ecology.

Apart from the multi-chain presence, the project is currently integrating staking, NFTs, and a bridge connecting Ethereum (ETH) and Solana (SOL). This expansion will bring more utility and possibilities for token holders as Chimpzee evolves its platform.

According to an official Chimpzee update, the project stated its intentions to launch staking for the $CHMPZ token on the Solana network. With this development, holders of the tokens will be able to stake them and earn rewards on both Ethereum and Solana chains.

By including staking on Solana, Chimpzee aims to leverage the low fees and high transaction capacity of the network. Moreover, stakers can expect benefits in the form of extra CHMPZ tokens, thus encouraging long-term project involvement.

ETH-SOL Bridge: Enabling Seamless Cross-Chain Transactions

After staking goes live, the Chimpzee team plans to focus on the development of a bridge that will connect Ethereum and Solana. This ETH-SOL bridge will allow easy and secure CHMPZ token transfers between the two blockchain networks, thereby improving liquidity and offering greater user convenience.

As a crucial piece of infrastructure, the bridge will ensure that token holders can seamlessly migrate their assets utilizing the unique strengths of both networks.

Offering cross-chain interoperability, Chimpzee is positioning itself as a project that recognizes the need for adaptability and scalability in the rapidly evolving crypto landscape.

Solana-Based NFTs to Expand the Chimpzee Ecosystem

In addition to staking and the ETH-SOL bridge, Chimpzee is preparing to launch a series of Solana-based NFTs. These NFTs will contribute to the expanding Chimpzee ecosystem, offering owners new opportunities to engage with the project and support its environmental preservation goal.

Introducing Solana NFTs is a strategic move that enables Chimpzee to tap into the vibrant NFT market on Solana and provide its community with greater avenues of involvement in the project.

Burn of CHMPZ Tokens, NFT Passports and Upcoming Price Increase

In another major announcement, Chimpzee confirmed the completion of two token burns, totaling 535,700,000 CHMPZ tokens. The first burn accounted for 366,300,000 tokens, while the second saw 169,400,000 tokens removed from circulation.

These tokens were burned as part of the process of purchasing NFT Passports, which offer holders various benefits within the Chimpzee ecosystem. Following the burns, the team confirmed that no further CHMPZ tokens used for NFT Passport purchases would be burned.

Chimpzee's NFT Passports grant users access to exclusive benefits within the ecosystem. Each of these four-tier passports—Diamond, Gold, Silver, and Bronze—offers varying levels of advantages.

With top tier passports yielding the most substantial returns, holders of these NFTs can earn cash, rewards, and other perks.

Chimpzee highlights that despite the downturn in the NFT market, its NFTs still present unique opportunities to earn benefits simply by holding them. The project's earning potential and emphasis on real-world impact continue to appeal to environmentally minded investors.

Meanwhile, Chimpzee announced that the price of its NFT Passports will increase on October 25. Further details on the upcoming lucky draw, scheduled for November 1, are expected soon.

Exploring Chimpzee's Three-Pronged Ecosystem

At its core, three primary user earning mechanisms—Shop-to- Earn, Play-to-Earn, and Trade-to-Earn—collectively define the Chimpzee ecosystem.

Users can generate passive income in CHMPZ tokens by purchasing unique Chimpzee products through the Shop-to- Earn component. A portion of the proceeds from these sales is donated to environmental charities, enabling users to contribute to climate action while earning rewards.

The Play-to-Earn model revolves around the Zero Tolerance Game, where players can earn CHMPZ tokens by protecting the environment and apprehending poachers.

Players can utilize their NFT Passports or custom avatars to gain advantages within the game, adding a layer of engagement for users interested in gaming.

The Trade-to-Earn feature incentivizes users to engage in trading activities within the Chimpzee platform. Participants can earn CHMPZ tokens as rewards for their trading activity, further driving engagement within the ecosystem.

A portion of the revenue generated from trading is allocated to environmental conservation efforts, aligning with Chimpzee's mission to combat climate change.

Exclusive NFT Promotions and Rewards

In a special NFT campaign, Chimpzee has announced that holders of its NFT Passports stand a chance to win substantial cash prizes. Ranging from $500 to $10,00