Chimpzee, a blockchain project focused on eco-friendly initiatives, has launched a new chapter. The project is now on the Solana chain, enhancing its multi-chain capabilities.
Along with this launch, Chimpzee will be introducing fresh staking opportunities, offering financial incentives while supporting environmental efforts. The updates were announced through a series of tweets from the official Chimpzee account (@RealChimpzee).
Chimpzee’s Expansion to Solana
Chimpzee’s launch on the Solana network will be followed by its availability on the Raydium Dex shortly.
Expanding onto Solana allows Chimpzee to benefit from Solana’s fast and cost-efficient transaction capabilities. This move also opens the project to a wider crypto audience, creating more exposure.
By adopting Solana, Chimpzee can leverage cross-chain functionalities, enhancing its liquidity and potentially boosting the token’s market presence. It’s a strategic step that aligns with the project’s goals of scaling and reaching new users.
Staking Opportunities for CHMPZ and NFT Passport Holders
Chimpzee offers two distinct staking options, one for its native CHMPZ tokens and another for NFT Passport holders.
As per their announcement, CHMPZ token holders can earn up to 40% annual percentage yield (APY), providing an attractive avenue for passive income. This staking opportunity rewards users and contributes to the security of the Chimpzee network.
Those with NFT Passports qualify for a special staking program paying up to 20% APY. By allowing Chimpzee NFT Passport holders to engage more fully in the ecosystem and get incentives, adds still another level of value.
The staking options strengthen the project’s stability while offering users significant financial advantages.
Staking helps reduce the circulating supply of CHMPZ tokens, potentially driving up demand and stabilizing prices. This process encourages long-term holding, which could result in price appreciation over time.
Additionally, locking tokens through staking enhances the network’s security, making it more robust against potential threats.
Exclusive Benefits of Owning a Chimpzee NFT Passport
The Chimpzee NFT Passport is central to the project’s ecosystem, offering holders exclusive perks. NFT Passport owners gain access to unique opportunities within the platform, including the most profitable rewards.
The official Chimpzee tweet emphasized that buying an NFT Passport allows users to maximize 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.
The NFT Passport increases engagement by offering users multiple avenues to generate passive income. This model incentivizes active participation in the ecosystem, making the NFT Passport 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.
Commitment to Environmental Preservation
Chimpzee’s mission is to combine 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.
The Role of CHMPZ Tokens in the Ecosystem
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 looking for 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.
Furthermore 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.
JOIN CHIMPZEE COMMUNITY NOW
