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Update – the Chimpzee token sale has now sold out, and its initial exchange listing has been announced to be on P2B.
Impact-driving Web3 platform Chimpzee ($CHMPZ) recently announced an additional epic 2 billion token burn during its vesting period.
The project intends to bring its total circulating supply as low as possible ahead of its high-profile centralized exchange listing, scheduled for January 11th, 2024.
Chimpzee is on a mission to show the world that Web3 can be used for a noteworthy purpose and has a string of donations already under its belt to showcase its effectiveness.
Chimpzee Announces Epic 2 Billion Token Burn To Drop Market Cap Beneath $50 Million
Chimpzee is now in a 30-day vesting period following its high-profile presale, which raised an astonishing $2.7 million.
Investors flocked to the $CHMPZ token after learning about its passive income potential while providing an avenue for DeFi users to positively impact the world by raising funds for organizations helping to fight deforestation and save endangered animals.
With the presale now over, Chimpzee is ready to launch its project and continue its efforts in supporting organizations that are actively making a real-world impact.
While investors wait for the official exchange launch, the team wants to reward its community by burning an additional 2 billion tokens before the listing event.
Following the additional token burn, the market cap for the $CHMPZ token will launch beneath $50 million, creating more space for early adopters to make higher returns after launching.
The first 1 billion tokens are set to be burnt on day 15 of the vesting period, which marks the halfway point through the vesting.
The final 1 billion will be burnt at the end of the vesting period.
Chimpzee Showing How Web3 Can Be Used For Real-World Changes
The main goal behind Chimpzee is to show the world that Web3 can be used to make a real-world change by helping combat deforestation and save animals.
The project is ready to redefine how people donate to charity by providing three routes to earning a passive income: shop-to-earn, trade-to-earn, and play-to-earn.
Those participating in the ecosystem products stand to earn rewards for their activity while simultaneously raising funds that contribute to the noteworthy goals behind the project.
Furthermore, those participating in the presale also have the opportunity to mint one of the Chimpzee NFT Passports before the public in a special whitelist event, which are essential to earning the most passive income and rewards in the ecosystem.
NFT Passport holders earn higher rewards for each ecosystem product and also have access to discounted products on the marketplace.
Tokens used to buy the NFT Passports will also trigger the burning mechanism.
The project has already proven that its strategy works by making a series of remarkable donations to noteworthy organizations during its fundraising stages.
The best part about the donations made is that they’re fully verifiable either on-chain or through the social media accounts of the charities receiving them.
Some of the most notable donations made by the project include the following;
- $15,000 to WILD Foundation to help rangers protect the last herd of desert-adapted elephants.
- $20,000 to WILD Foundation to help protect the final few black jaguars in the Brazilian Rainforest.
- Over 21,000 trees were planted through One Tree Planted in the South American Rainforest.
- A donation to Forgotten Animals to neuter 240 cats and 180 dogs in war-torn Ukraine.
- A donation to Rainforest Rescue to protect 1,000 meters of the Australian Rainforest.
- A donation to WeForest to plant 5,000 trees in Tanzania.
The website contains a complete list of donations with social proof to highlight authenticity.
Highly-Anticipated Exchange Launch on P2B January 11th
Besides the enormous 2 billion token burn mentioned, the community can now look forward to the first exchange listing for the $CHMPZ token.
The token will first be listed on the P2B exchange on January 11th. P2B is one of Europe’s largest crypto exchanges, with over one million members and a very high trading volume, making it an ideal location for the first token launch.
It won’t stop there. Chimpzee intends to get the token listed on as many exchanges as possible. The team recently announced that $CHMPZ will be listed on Bitmart, a high-profile exchange, a few weeks following the listing on P2B.
Overall, Chimpzee is ready for an explosive launch in the coming weeks following its highly successful presale.
