Is Chimpzee Supply Shock Coming With Potential 5 Billion $CHMPZ Burn After April NFT Sale?

Chimpzee has officially announced that its public NFT Passport sale will officially go live this month on April 16th.

As a result, traders are quickly rushing to get positioned in the $CHMPZ meme coin ahead of the event as they believe a huge supply shock is incoming, with a potential 5 billion $CHMPZ ready to be burnt during the sale. Plus people that hold the NFT Passports have a chance to win $10,000.00 USDT in a special promotion reserved for them.

Chimpzee is a Web3 wholesome meme coin that provides a route to earning a passive income while raising funds to donate to organizations helping save animals and protect the planet.

Its community has highly anticipated the NFT Passports as they provide the route to the maximum amount of passive income on the platform.

Chimpzee NFTs Coming April 16th: What Are They?

Chimpzee has officially announced that its NFT Passport sale for whitelisted buyers will commence on April 15th, with the public sale occurring a day later.

The Chimpzee NFT Passports are required to earn the most from the passive income ecosystem, providing higher rewards in the three products.

For example, holders of the Chimpzee NFT Passports will receive higher rewards and an exclusive discount in the shop-to-earn Chimp Shop, which rewards users who buy merchandise designed to help protect animals and save rainforests.

NFT Passport holders will also see an increased cut in the trading fees generated on the NFT Marketplace’s trade-to-earn component and higher rewards in the Zero Tolerance play-to-earn game.  

Best of all, holders that stake their Chimpzee NFT Passports will receive an additional 20% APY, increasing their maximum APY to 60% when staking $CHMPZ tokens. They willalso have an opportunity to win one of multiple prizes with a top prize of $10,000.00 USDT in a special promotion reserved for them. 

Investors have been excited about the NFT Passport sale, which will lead to higher rewards and potentially reduce the total $CHMPZ circulating supply by over 50%.

Users wishing to purchase Chimpzee NFT Passports will be required to spend their $CHMPZ tokens. All $CHMPZ tokens used to buy NFT Passports will be burnt, potentially reducing the supply from 8 billion to 3 billion $CHMPZ.

The event has traders believing this could spark a massive price pump for $CHMPZ holders as there could be a supply shock in the open market following the event.

Furthermore,  traders believe the high APY will exacerbate the supply shock provided through staking and the over 5.7 billion $CHMPZ already staked.

Is Chimpzee the Most Wholesome Web3 Project?

Built on philosophical foundations, Chimpzee set out to prove to the world that Web3 and meme coins can be used for the greater good, pushing its scope beyond mindless speculation and pure greed.

The project aims to generate funds to donate to organizations making a difference worldwide.

Throughout its presale, Chimpzee amassed a massive list of verified donations, including 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 project captivated investors with the potential of making passive income while helping make the world better.

More recently, Chimpzee donated to WeForest, helping plant another 4,220 trees in Tanzania to support its Mara project.

Overall, Chimpzee shows the world that Web3 has a noble utility and can be used as an environmentally friendly initiative to help improve the world.

Following the launch of the NFT Passports, Chimpzee has also teased that another significant feature is coming to the platform as the community awaits further announcements.

With the Chimpzee NFT Passports incoming, we can expect a huge flurry of attention to the project, providing an opportunity to get promoted at the low market before prices pump again.

Visit Chimpzee Now

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.

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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