Investors stepped into 2023 with the hope that Ethereum might reverse the losses it made in 2022 and take a steep upward trajectory to $10,000.
But the Ethereum price is still hovering under $2000. The target seems wildly unrealistic at this point. Dispirited, ETH investors are on the lookout for greener pastures, and they have found an answer in Chimpzee.
Crypto with a global purpose
Cryptocurrencies have been struggling to demonstrate their relevance in the real-world for a long time now. It’s challenging to take a market saturated with meme coins and low-value NFTs seriously.
But in reality, the utility of cryptocurrencies can extend beyond mere speculative assets. Being built upon blockchain technology, cryptocurrencies have the potential to power real-world applications with better efficiency and transparency than their traditional counterparts. The decentralized nature of blockchain transactions is to thank.
Over the years, blockchain technology has proven to be an invaluable tool for initiatives that require global coordination.
A recent example of tapping into the decentralized potential of blockchain technology is Chimpzee. The new crypto coin is dedicated to a noble, global cause—wildlife conservation and climate action.
In a first of its kind approach, the platform leverages crypto-based incentives to nurture a strong community of environmentally conscious investors.
CHIMPZEE IS MAKING A REAL WORLD IMPACT NOW!
We put together this report on what Chimpzee has achieved so far and the organizations we have helped to fund their projects and initiatives to help fight climate change and save animals.
We realize that this real problem cannot wait…
— Official Chimpzee Project (@RealChimpzee) August 25, 2023
How does it work?
While raising awareness is an important component of climate action, it is clearly not enough. Not all of us are willing to make sacrifices for the planet with sustainable choices just because our future is in peril.
But if this human inertia toward distant threats continues uninhibited, we will be inflicting the planet with more damage than it can bear. Of course, the planet will recover. But as a species, we may not.
We need to act now to save our present and future.
Realizing this, Chimpzee has introduced a crypto reward system that encourages people to contribute to climate action and wildlife conservation. All rewards are paid in CHMPZ tokens, which can will be exchanged for other cryptocurrencies or fiat currencies in open exchanges. They can also be held for value appreciation or donated to causes that Chimpzee aligns with. As you hold, you can stake them to earn attractive APY.
The three platforms that allow you to earn attractive income are as follows:
- Shop to Earn with Chimpzee Merchandise Store
- Play to Earn with Chimpzee Zero Tolerance Game
- Trade to Earn with Chimpzee NFT Marketplace
Committed to transparency
Transparency is at the heart of Chimpzee’s values. The core feature sets it apart from other organizations – both in the crypto and traditional markets – that work toward similar goals.
In fact, Chimpzee has outperformed its own roadmap, having already provided financial support to the following causes:
- Chimpzee has initiated the planting of 1200 trees to support the rejuvenation of the Brazilian rainforest.
- Chimpzee has made a substantial contribution of $15,000 to aid in elephant conservation efforts.
- Chimpzee has also played a significant role in planting 20,000 trees in Guatemala, safeguarding its native rainforest.
CONGRATULATIONS! CHIMPZEE ACHIEVES ANOTHER RAISE GOAL!🥳
We are now going to prepare to send our next donation to Rainforest Rescue through the Giving Block to help save 1000 sq meters of the Australian Rainforest!
To help celebrate the achievement we are keeping the 4X Bonus… pic.twitter.com/WVS7QFflug
— Official Chimpzee Project (@RealChimpzee) September 26, 2023
Chimpzee allocates a share of its platform-generated profits to wildlife causes across the globe.
Embracing deflationary tokenomics
Utility lays the groundwork for the long-term market relevance and growth potential of a cryptocurrency. But utility alone may not suffice, when we factor in the crypto market’s notorious volatility.
Even high-cap cryptocurrencies like BTC and ETH have succumbed to the tumultuous market from time to time. As a barrier of protection against the notorious market whims, Chimpzee has implemented robust burning and staking mechanisms.
The token-burning mechanism continuously diminishes the supply of CHMPZ tokens, while contributing to the positive price trajectory of CHMPZ tokens. At the same time, it helps mitigate the impact of market downtrends.
The inverse relationship shared by supply and price is behind this deflationary approach. It acts as a shield against the pronounced volatility of the market and gives reliable returns to investors over time.
The burning mechanism is executed on multiple occasions. For instance, Chimpzee burns a substantial portion of its supply on reaching presale milestones. It intends to burn tokens used for acquiring Chimpzee NFT passports. Once the presale is sold out, another set of tokens will be permanently removed from circulation.
Is it too late to buy CHMPZ?
Not yet. But the presale is moving toward a sell-out much faster than anticipated.
Chimpzee has entered the Bronze stage of its presale. It will provide the last and final chance to buy the token for discounted prices.
The Bronze stage is subdivided into four phases. With each new phase, the price will increase.
With the project’s successful execution, there is the potential for CHMPZ to experience a 10X surge by year-end.
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.
