The Chimpzee ($CHMPZ) project recently launched its NFT Passports in April, opening the doors for its holders to start earning the maximum passive income in its charity-focused ecosystem and have a chance to win $10,000 USDT in an exclusive promotion just for passport holders.
Chimpzee is utilizing Web3 technology to show the world that meme coins and crypto can be used for noteworthy purposes.
While providing multiple routes to passive income on its platform, Chimpzee simultaneously raises funds to donate to charitable organizations helping prevent deforestation and save animals.
With a potential 5 billion $CHMPZ expected to be burnt during the NFT sale, the community is buzzing with excitement as they anticipate huge price spikes during the coming months.
The Chimpzee NFT Passports provide a wide variety of benefits for its holders, including increasing the rewards earned through its Shop-to-earn, Trade-to-earn, and Play-to-earn products.
The NFTs will be tiered according to Diamond, Gold, Silver, and Bronze, each providing varying rewards.
The Diamond Passports provide the most rewards, offering a massive 20% APY. These top-tier NFTs also provide the most benefits and rewards.
The number of NFTs in each category is limited, and buyers can purchase using $CHMPZ tokens.
For example, Diamond NFT Passports will cost 1 million $CHMPZ tokens, with a total supply of just 1,000 units. In contrast, the Bronze NFT Passports will cost 300,000 $CHMPZ, with a total supply of 4,000 units.
The Chimpzee community expects a vast price surge during the NFT sale as all $CHMPZ tokens used to purchase the NFTs will be permanently burnt, significantly reducing the supply.
If the entire NFT collection sells out, the team has stated that 5 billion $CHMPZ will be burnt. As a result, the total $CHMPZ supply would be reduced from eight billion $CHMPZ to just three billion.
Traders in the community believe that the token burning will bring huge bullish pressure to the market as the reduced total supply will likely cause a huge supply constraint.
Furthermore, traders believe the effects of the token burning will be accelerated through $CHMPZ staking. A total of 5.7 billion $CHMPZ is already being staked, providing depositors up to 40% APY.
The NFT Passports help to boost staking returns for holders, and the community believes that the majority of the remaining 3 billion $CHMPZ will continue to stay staked, further reducing the total supply available for purchase on open markets.
As a result, newcomers to $CHMPZ will likely be forced to pay higher prices to participate in the charity-focused Web3 ecosystem.
Chimpzee is one of the most wholesome Web3 projects as it seeks to use meme coins and blockchain technology to help raise funds for charities helping reduce deforestation and save animals.
The project became incredibly popular after making a string of noteworthy donations during its presale.
Some of the most noteworthy donations are listed below;
Best of all, Chimpzee hasn’t stopped making donations. More recently, the project made another contribution to WeForest to support its Mara project by planting 4,000 more trees in Tanzania.
Overall, the NFT Passports have been hugely anticipated, and their release put Chimpzee into a new bullish direction as the supply constraints start to affect the market. With more donations incoming, Chimpzee continues to prove itself as one of the most well-respected charity-focused projects in Web3.
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