Chimpzee is a climate action coin. The first of its kind, the project marks the beginning of a notable shift in the crypto market towards sustainability. 10% of Chimpzee’s total coin supply goes to a charity wallet that will be redistributed to wildlife conservation initiatives.
For years, the crypto industry has faced criticism for its large carbon footprint. It is accused of promoting excessive consumption. But a large number of crypto projects are built on energy-efficient foundations now. The largely environment-friendly consensus mechanisms allow blockchains to reduce their carbon footprint.
But of course, blockchain technology is capable of much more, as Chimpzee showcases.
Chimpzee and Climate Action: How Does it Work?
Chimpzee is a good example of the application of blockchain technology for solving real-world problems. To begin with, blockchain offers streamlined cross-border transactions for both money and data. The inherent decentralization ensures high levels of transparency unparalleled by traditional technologies.
Chimpzee builds a sustainability-focused community within the crypto market leveraging these blockchain advantages. The ecosystem comprises shop-to-earn, trade-to-earn, and play-to-earn platforms. As the names imply, they are all driven by crypto incentivization to encourage engagement and participation.
The Chimpzee shop-to-earn platform operates as a merchandise store. Here, you will find items like t-shirts and mugs featured with impactful quotes and illustrations. By making purchases from this platform, investors can earn rewards in CHMPZ coins.
The trade-to-earn platform, or NFT marketplace, implements a profit-sharing model. The reward system allows active traders to receive a portion of the platform’s revenue based on their level of activity.
The play-to-earn platform adds another source of engagement and rewards. It explores a new dimension by targeting younger demographics through gaming. Chimpzee’s goal goes beyond that, however. It encourages players to build a deeper connection with nature through the gameplay.
A portion of Chimpzee’s revenue goes toward supporting various wildlife conservation efforts, starting from its presale phase. Reputable organizations such as WILD Foundation, Forgotten Animals, One Tree Planted, and The Giving Block have initiated various environmental causes from Chimpzee’s donations.
Carving Out a New Path in Climate Action
Chimpzee defies conventional paths in the crypto and sustainability markets.
How?
It focuses on crypto incentivization to drive engagement, maintaining a competitive edge against traditional sustainability projects that solely focus on building awareness.
From an investment perspective, Chimpzee provides value through long-term growth potential as well as three sources of side income. The core pillars of the platform reward participants in $CHMPZ tokens.
To further add to its growth potential, Chimpzee has implemented deflationary tokenomics. It leverages the inverse relationship between token supply and price. Token burns occur periodically, gradually cutting down the supply to benefit early investors.
Token burns have been central to Chimpzee’s strategy since its presale phase. Each milestone is accompanied by a burn initiative, which has been continuing post-exchange launch as well. Chimpzee recently executed a 5 billion token burn at the start of March, for example.
The next big $CHMPZ token burn event will coincide with the upcoming launch of Chimpzee NFT Passports, where All CHMPZ tokens used for purchasing these NFTs will be burned. It will potentially eliminate another 5 billion tokens from circulation.
Chimpzee’s ongoing staking program offers attractive rewards with up to 40% APY, attracting a growing number of investors.
Chimpzee Price Prediction
One of the key factors that give Chimpzee a strong competitive edge in the market is its multiple identities. It taps into a diverse audience with this strategy.
For example, Chimpzee is a crypto sustainability project. For users who stand for climate action and wildlife conservation, the token is an appealing investment. The identity allows the project to penetrate traditional users.
For crypto investors, the project offers good financial prospects due to its globally relevant use case. But what makes things even more interesting is Chimpzee’s meme coin packaging. The unique hybrid human-ape avatar allows Chimpzee to access the vigorous community of speculative investors.
We created a very special and rare NFT Passport called the Diamond hands NFT Passport. This was created as a special tribute to the diamond hand holders of the CHMPZ tokens.
This will be one of the rarest ones in each collection. There will only be a few available per… pic.twitter.com/UGMwxxJ8Qf
— Official Chimpzee Project (@RealChimpzee) March 16, 2024
The support from meme coin investors strengthens Chimpzee’s short-term price action, especially on the initiation of the upcoming token burns and the launch of Chimpzee NFT passports. Chimpanzee just listed on MEXC a top 20 exchange with multiple listings on other top-tier exchanges in the pipeline for the project .
In the long term, $CHMPZ could go anywhere from 10X to 20X above its current selling price due to the expanding network of investors and partners.
To learn more about Chimpzee’s wildlife conservation initiative and buy $CHMPZ, visit the official Chimpzee website.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
