The NFT market is flooded with a wide range of collections. Out of these, very few serve any real-world relevance. The latest to join this coveted list is Chimpzee NFT Passports – the much-awaited NFT collection that will be key to driving the wildlife conservation project.
Anyone who holds the NFT collection, which is divided into Diamond, Gold, Silver, and Bronze, will be eligible for an attractive range of benefits within the ecosystem and will participate in an exclusive promotion with a chance to win multiple prizes and a top prize of $10,000 USDT.
What you'll learn 👉
Chimpzee NFT Passports have Launched
Chimpzee launched the NFT Passports and has completed its first burned over 300 million CHMPZ tokens from the circulating supply. CHMPZ tokens used to buy the NFT Passports will be burned, removing a potential 5 billion tokens from the circulating supply.
The hype around the NFTs, combined with the token burn event, is projected to kindle a massive price surge for CHMPZ tokens in April and May. While the NFT launch taps into long-term users eyeing value appreciation and ecosystem utility, the token burn leverages the tokenomics.
For a better perspective, reducing token supply leads to price appreciation in a productive ecosystem.
The Next Cryptopunks?
Chimpzee NFT Passports is one of the most coveted NFT collections of 2024. What’s the big deal?
Chimpzee has a wildlife mission at its heart that makes it highly valuable. It has both collectible value and utility value, as a result. As discussed in the earlier section, the NFTs give holders a wide range of benefits depending on the NFT tier.
While it’s too early to tell whether Chimpzee will rise to the levels of Cryptopunks or Autoglyphs, the project has high growth potential. The reason is the crypto incentivization mechanism at the core of the project, dedicated toward wildlife conservation and climate action.
Three Pillars, Three Utilities
The Chimpzee ecosystem has three utility pillars that will continue to power the demand and sustainability of the token.
The first of these is the Shop-to-earn platform, where Chimpzee will serve as the currency. But that’s not all. Users who purchase branded merchandise like t-shirts and bags from the platform will get attractive reward points in CHMPZ tokens. Being a cryptocurrency, CHMPZ tokens have real-world value. It will vary depending on the demand utility. As the demand grows, so will the price.
As a result, buying merchandise from Chimpzee is rewarding. The shop-to-earn platform is now live.
Other ways to earn CHMPZ rewards are by interacting with the NFT trading marketplace and the play-to-earn game. The first one works based on a profit-sharing model where active participants are rewarded. The second one uses a reward mechanism where players can earn based on their skill level and participation.
Token Burns, Staking, 10% Donation to Charity, and Real-world Relevance
Token burns are a key strategy for Chimpzee to support its price action. By slashing supply from time to time, the project plans to maintain strong price action throughout the year. Supply is inversely related to token prices.
Staking also serves the purpose of limiting the supply short-term and preventing sell-offs. Investors who stake $CHMPZ are rewarded with up to 40% staking APY.
Chimpzee has also been donating to charities around the world that work toward regenerating or protecting wildlife. The initiative began during the presale stage and will continue throughout the lifetime of the project. 10% of the token supply goes toward charity.
The real-world goals of the project add to its appeal as a cryptocurrency and an NFT collection. They set the stage for a new era in wildlife conservation. In addition, they add a new dimension to the crypto market. Cryptocurrencies are more and more moving toward impactful use cases that can solve real-world problems.
How to Buy Chimpzee NFT Passports?
Chimpzee NFT Passport sales will be held in CHMPZ tokens. All tokens used for the purchase of NFTs will be burnt.
To buy CHMPZ tokens and learn more about the project, head to the official Chimpzee website. To learn more about the launch and the purchase procedure, follow Chimpzee on social media platforms.
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
