Traders believe Chimpzee is setting itself up for a significant 10x surge in May after the project launched its highly anticipated NFT Passport sale and an announcement of something big they are working on to come at the end of the month.
Holders of the Chimpzee NFT Passports will receive the maximum passive income in the charity-focused Web3 project and have a chance to win $10,000 USDT in an exclusive promotion reserved for Passport holders only.
With a potential 5 billion $CHMPZ being burnt during the sale, traders expect a sudden surge in prices for the token.
Chimpzee Setting Foundation For Huge April Surge With NFT Launch
Are you holding a winning NFT Passport?
🎉Congratulations to everyone that has already bought their Passport. You are among the very few people that will own one when they are all gone!
This promotion reserved only for NFT Passport holders is an example of the special… pic.twitter.com/8ZvqYwyQkT
— Official Chimpzee Project (@RealChimpzee) April 18, 2024
Chimpzee is setting the foundation for superior performance in April as the charity-focused Web3 project launched its NFT Passports..
The NFT Passports have been hugely anticipated as they provide holders with the ability to earn the most passive income through the Chimpzee ecosystem.
Chimpzee offers four passive income routes: Shop-to-earn, Trade-to-earn, and Play-to-earn. The fourth option lets users stake their $CHMPZ tokens to earn rewards.
With a limited supply, the NFT Passports provide a range of benefits in four tiers:
- Diamond Passport
- Gold Passport
- Silver Passport
- Bronze Passport
The Diamond Passports provide the most passive income in the ecosystem. They cost 1,000,000 $CHMPZ tokens, increase $CHMPZ rewards by 4x, and have a limited supply of 1000 units.
The NFT Passports provide the following benefits for holders:
- Higher $CHMPZ rewards and an exclusive discount in the Chimp Shop.
- An increased cut of the trading fees generated on the NFT Marketplace.
- A discount on the NFT Marketplace fees.
- Discounted advertising on the platform.
- Higher rewards in the Zero Tolerance play-to-earn game
- A staking reward for those staking the NFT Passport
- VIP access to events, airdrops, and special promotions in the ecosystem.
- Chance to win $10,000 USDT in exclusive promotion reserved for holders only.
What is Chimpzee?
Chimpzee is a Web3 project that intends to show the world that Web3 can be used to help make the world a better place.
The project provides various avenues for users to earn a passive income while raising funds to contribute to charitable organizations that work to save animals and prevent climate change.
The project rose to prominence during its presale after making a string of verifiable donations to organizations helping make a difference in the world.
All donations can be verified on-chain or through social media posts from the official accounts of the charitable organizations receiving the donation.
For example, Chimpzee donated over $35,000 to WILD Foundation in two contributions. The donations will help rangers protect the last herd of desert-adapted elephants and the Yawanawa tribe protect the few remaining black jaguars in the world.
During its presale, it also donated to One Tree Planted, Rainforest Rescue, and Forgotten Animals. These donations helped to plant thousands of trees, protect over 1,000 meters of the Australian Rainforest, and neuter over 240 cats and 180 dogs in the war-torn Ukraine.
Most recently, Chimpzee made another donation to WeForest to help support its Mara project by planting 4,220 more trees in Tanzania.
HUGE Token Burn: Is a Potential Supply Shock Coming?
Traders are buzzing with excitement about the potential of a 10x price surge with the NFT Passport sale.
The NFT Passports will be purchased using $CHMPZ tokens and burned after each purchase. The total $CHMPZ supply could drop significantly following the presale if every NFT is sold. The team has stated that close to 5 billion $CHMPZ could be burnt, dropping the total supply from eight billion $CHMPZ to just three billion.
In addition to the token burn, traders also realize that the majority of the $CHMPZ token supply is already locked in the staking contract.
According to the project’s website, a total of 5.7 billion $CHMPZ tokens of the total 8 billion supply have already been staked, meaning they can’t be purchased on the open market.
As a result, newcomers might struggle to buy $CHMPZ on exchanges as a potential supply shock could come following the $CHMPZ burn from the NFT sale.
Overall, Chimpzee is setting the foundation to see huge price movements in April, with the charitable meme coin expected to see further attention with more donations incoming.
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This news is republished from another source.