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Chimpzee recently announced its intention to burn 2 billion tokens from its total supply, ahead of the meme coin launch on the P2B exchange.
In this article, we will take a look at how the token burning event and those that follow it will affect the price action of $CHMPZ.
🚨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
Meme Coin Sensation is Ready for Launch
Although Chimpzee has yet to launch, it has earned a reputation as one of the most popular meme coins of 2023. The presale of Chimpzee was one of the hottest crypto presales of the year, raising a staggering $2.7M in just a few weeks.
As the latest sensation in the world of meme coins, Chimpzee ($CHMPZ) has fast become the talk of the town. Chimpzee is currently going through a 30-day vesting period. Once that is completed, the token will make its highly anticipated debut on an exchange.
- The first 1 billion tokens are slated for burning on the 15th day of the vesting period.
- It will be followed by another burn at its conclusion.
The recent updates on the social media channels reveal that the inaugural listing is set to take place on January 11th. Chimpzee’s grand launch is slated for the P2B centralized exchange, with plans for more listings on platforms like Bitmart as part of meeting the rising liquidity demands.
Throughout the presale, the project has been burning a share of the token supply with each new milestone. As an expression of gratitude for the massive success of the presale and the participation from early investors, Chimpzee will burn an extra 2 billion tokens prior to the launch. It will be followed by a big burn event that radically fuels the price action of the token.
Declining Supply, Rising Value
Chimpzee has made it to the mainstream as a crypto sensation following the launch of the $CHMPZ presale. To the pleasant surprise of the market, the project attracted both crypto whales and everyday investors within days after its inception. The presale was declared a resounding success after an early sell-out.
One of the key factors behind its success is the deflationary tokenomics. The several burn schedules employed during the presale are a part of the model. It allows the token to achieve its overarching objective, to gradually diminish the overall token supply.
The current burn mechanism scheduled during the vesting period will allow the project to reduce the total supply to 25 billion tokens. It will position the $CHMPZ initial market cap at less than 50 million.
The current configuration of $CHMPZ tokenomics is as follows:
The lower initial market cap presents a promising potential for growth in the early investment community. It leaves them large room for substantial ROI and as the burn schedule takes effect, they receive substantial returns with the growth and penetration of the project.
Expansive Growth Prospects
The overwhelming response to the $CHMPZ presale is a reflection of the confidence in the project. It has high market relevance and expansive growth prospects.
To begin with, the project’s unique framework has the potential to chart a new territory in the meme coin market. It is fast emerging as a formidable contender to leading projects like Pepe.
Chimpzee is a wildlife token with a unique vision to provide appealing passive income opportunities to participants while also channeling funds towards diverse environmental causes globally.
Long shrouded in obscurity, wildlife tokens have always been overshadowed by their more frivolous counterparts. But the presale triumph of $CHMPZ hints at a shift. The meme coin uses it as a classification to draw attention to its greater, greener mission that sets it apart from the crowd.
The creative blend of meme coin dynamics with a socially impactful objective is made possible by a token reward system. Although meme coins often soar in popularity and boast ROIs ranging from double to triple digits, they have no stability.
Chimpzee is Designed to Achieve Stable Growth
Chimpzee stands on three robust pillars: shop-to-earn, trade-to-earn, and play-to-earn.
- The shop-to-earn platform functions as a hub for merchandise.
- Based on a profit-sharing model, the trade-to-earn platform caters specifically to active NFT traders.
- The play-to-earn platform enthralls users with its wildlife conservation theme and advocates climate action sub-consciously.
All rewards on these platforms are given in $CHMPZ tokens, which can be used to buy various items, including the coveted Chimpzee NFT Passports. They grant holders exclusive perks and privileges, such as an attractive staking Annual Percentage Yield (APY). A sizable portion of Chimpzee’s profits is allocated to various wildlife causes.
The commitment has been enacted right from the presale phase.
An Original Meme Coin Project with 100X Potential
The meme coin market has long-faced accusations of lacking originality and credibility. Chimpzee is rewriting this image with a global environmental vision and a crypto-based passive income model.
Although it uses the meme coin tag to gain initial momentum, it has its eyes set on generating long-term value through practical use cases and deflationary tokenomics. It is an excellent crypto investment now.
