Ahead of its launch on the P2B exchange, Chimpzee is burning 2 billion tokens from its overall supply. How is the massive token burning event going to influence the price dynamics of $CHMPZ? Let’s see.
🚨Chimpzee has some big news that we will reveal this week!
You are going to see what we have been working on to help provide another benefit to the Chimpzee Army!
Chimpzee raised over $2.7 million in its presale to be one of the top crypto presales of 2023 focused on saving… pic.twitter.com/X9ngkL0www
— Official Chimpzee Project (@RealChimpzee) December 26, 2023
The Most Sought-After Meme Coin of 2023 is Coming to P2B
Even before the official launch, Chimpzee has already made waves as one of the most coveted meme coins of 2023. The recently concluded presale was nothing short of remarkable, having secured $2.7M in a mere few weeks.
The massive success raises the anticipation surrounding the Chimpzee ($CHMPZ) presale. Now undergoing a 30-day vesting period, Chimpzee is soon going to make its debut on the popular P2B exchange. In the vesting period, the initial 1 billion tokens are scheduled for burning on the 15th day. It will be followed by another burn toward the end.
Chimpzee’s inaugural listing is set for January 11th on the P2B centralized exchange. It will be just the beginning. Plans are in motion for further listings of the token on platforms like Bitmart to meet the rising demand for the token.
During its presale journey, the project used to consistently burn a portion of the token supply. With each new milestone, a share of the token supply was burnt. The recent burn can be interpreted as a token of appreciation for the presale’s immense success and the early investors’ support.
The additional burn of 2 billion tokens ahead of the launch will be succeeded by a bigger burn event as part of fueling the price action for early investors. The presale’s rapid sell-out is a testament to the confidence in the project. Both seasoned crypto whales and everyday investors made the presale a success.
A deflationary tokenomics strategy has also gone into the success of the project, which implements multiple burn schedules over time. One of its core objectives is the gradual reduction of the overall token supply.
25 Billion Tokens, 50 Million Initial Market Cap
The token burn event during the vesting period will curtail the total supply of $CHMPZ to 25 billion tokens. It will bring the initial market cap of $CHMPZ to under 50 million.
With the lower initial market cap, the project aims to benefit early investors. It offers ample room for substantial Return on Investment (ROI) for them, taking advantage of the inverse relationship between supply and price. The unfolding burn schedule will allow for significant returns in tandem with the project’s growth and market adoption.
The response to the $CHMPZ presale signals substantial growth opportunities ahead.
Chimpzee Marks a New Territory in Meme Coins
Chimpzee is carving out a new territory within the meme coin landscape, positioning itself as a strong contender. It showcases unique features and aspirations for the market.
Classified as a wildlife token, the platform holds a distinctive vision. It offers attractive passive income avenues to participants while donating funds to global environmental initiatives. Although wildlife tokens have yet to enter the market, the $CHMPZ presale indicates a transformative shift.
It cleverly leverages the meme coin persona to power the environmentally conscious mission, which sets it apart in the market. The token reward system has drawn attention to the project’s larger goal.
Chimpzee’s foundation rests upon three robust pillars:
- Shop-to-earn: An online branded merchandise store that sells t-shirts and mugs featured with catchy environmental slogans.
- Trade-to-earn: A profit-sharing model tailored for active NFT traders.
- Play-to-earn: A captivating game with a wildlife conservation theme, subtly advocating for climate action.
All rewards are distributed in $CHMPZ tokens, offering users the flexibility to purchase a variety of items like the highly sought-after Chimpzee NFT Passports. They unlock exclusive perks and privileges like an appealing staking Annual Percentage Yield (APY).
Chimpzee designers hard at work during the holiday season! pic.twitter.com/Gn0AXOhP32
— Official Chimpzee Project (@RealChimpzee) December 22, 2023
By holding the very limited NFT passports, investors and platform users stand to gain attractive returns and benefits from the platform. A share of Chimpzee’s profits is directed toward various wildlife causes. It has collaborated with organizations like WILD Foundation, One Tree Planted and The Giving Block to power its mission.
Meme Coin with a Broader Mission
Chimpzee’s support for wildlife causes has been showing since the presale phase. It has consistently donated money to credible organizations during the presale with each new milestone.
The genuine dedication to the environmental mission right from the beginning has helped the project win the trust and confidence of investors. The crypto-driven passive income model allows it to revitalize the meme coin narrative.
Rather than settling for the meme coin tag and short-term gains, Chimpzee has set its sights on the top-3 meme coin chart. It establishes its market relevance and long-term value through tangible use cases and deflationary tokenomics.
Chimpzee is a compelling crypto investment choice in the current climate.
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