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Cryptocurrency News Articles

Chimpzee Utility Is Gaining More Attention: CHMPZ Token Poised for Major Rally in Coming Weeks

Oct 14, 2024 at 05:45 pm

Chimpzee has continued to make various moves and partner with organizations to save animals and the natural habitats of plants. Its goal of environmental preservation has not slowed down.

Chimpzee Utility Is Gaining More Attention: CHMPZ Token Poised for Major Rally in Coming Weeks

Chimpzee, a Web3 environmental preservation project, has gained significant attention for its mission and utility, which is driving people to its ecosystem and its CHMPZ token.

The project's goal of saving animals and their natural habitats has attracted many investors, especially those interested in projects that contribute to a greater cause.

With the increasing attention on environmental preservation, projects like Chimpzee are poised to gain more attention. This attention is also reflected in the project's rising metrics.

For example, over 7 billion CHMPZ tokens have been staked in the ecosystem as investors seek to earn passive income through this opportunity.

Both CHMPZ token and NFT Passport holders can stake their assets to earn. While staking CHMPZ can earn users up to 40% annual percentage yield (APY), NFT Passports provide a passive income of up to 20% APY.

After launching a new issuance of CHMPZ tokens on the Solana blockchain, the developers burned 400 million CHMPZ tokens on the Ethereum network to maintain the total supply.

As part of its strategy to expand within the Solana ecosystem, Chimpzee will first launch on Raydium. Beginning October 7, CHMPZ is now available on the decentralized exchange Raydium.

This move will introduce the token to a new community of users and could potentially increase demand for CHMPZ.

Developers are also working on a staking engine to enable staking on the Solana network, which will provide another form of passive income for the community.

Being available on Solana is expected to increase the demand for CHMPZ tokens, especially with the upcoming launch on Raydium and staking opportunities.

While staking could reduce the number of tokens in circulation, the launch on the decentralized exchange could increase demand, creating a dual catalyst for major price growth.

Here are some additional details about the Chimpzee ecosystem and its CHMPZ token:

- CHMPZ is an ERC-20 token that powers the Chimpzee ecosystem. It serves as a governance token, allowing holders to participate in decision-making processes and influence the direction of the project.

- The total supply of CHMPZ tokens is 10 billion, with a circulating supply that varies based on burn events and new issuances.

- CHMPZ tokens can be used for various purposes within the ecosystem, including purchasing items from the Chimpzee shop-to-earn system, minting NFTs, and participating in the play-to-earn zero-tolerance game.

- To buy CHMPZ, you can visit the project's website and click on the "Buy CHMPZ" option. This will redirect you to a page that lists several crypto exchanges where CHMPZ is already available, such as P2PB2B, Bitmart, and MEXC.

- You can also join the Chimpzee community on different platforms like Twitter and Telegram to stay updated on the latest news and developments.

News source:captainaltcoin.com

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