Chimpzee is focused on fighting climate change and saving animals while offering its users a means to earn passive income.
The Chimpzee team has continued to improve on their project’s native token, CHMPZ, as they officially launched on Solana, making the token available across multiple networks.
Solana has been referred to as the home of many meme coins because a lot of these tokens have had big price jumps on the network.
Thus, one could predict that Chimpzee could follow the same path based on several factors.
400 Million CHMPZ Token Burned on Ethereum
After launching on Solana, Chimpzee burned 400 million CHMPZ tokens on the Ethereum network. This was to make up for the 400 million tokens that were minted on the Solana chain.
This token burn strategy ensures that the number of tokens in circulation remains the same. Since Chimpzee is now open to more people, the demand for the token could increase, potentially raising its value.
https://x.com/RealChimpzee/status/1838334605327503818
Listing CHMPZ/SOL Pair on Raydium
Chimpzee recently listed its native token, CHMPZ, on Raydium, a top Solana decentralized exchange. Listing on a popular exchange could increase its liquidity and accessibility.
The availability of CHMPZ on a Solana DEX could attract new investors, increasing the demand for the token. The scalability of the Solana ecosystem is an advantage, and it opens up Chimpzee ecosystem to new possibilities that are not available on the Ethereum network.
Staking on the Solana Network
Chimpzee already has a staking mechanism on the Ethereum chain, but it is also working on bringing it to the Solana chain. The team revealed on their X platform that over 7 billion CHMPZ tokens have been staked in the ecosystem.
Staking will allow holders to lock up their tokens to earn rewards. Chimpzee users already enjoy a 40% APY for staking their tokens on the Ethereum network. Introducing this passive earning scheme on the Solana chain could first decrease the circulating supply of CHMPZ.
Moreover, staking could encourage long-term token holding, and this might help CHMPZ price to see some stability.
Ethereum to Solana Bridge
CHMPZ holders who want to move their assets from the Ethereum network to the Solana network will be able to do so after the staking has been developed and launched. T
This could open more access to a wider range of investors, as cross-chain interoperability often drives interest from multiple blockchain communities, increasing the token’s exposure and potentially boosting demand.
New Solana-Based NFTs
The Chimpzee team knows how best to incentivize users to join their ecosystem. They will soon introduce Solana-based Chimpzee NFTs, potentially generating more attraction to the ecosystem.
The APY attached to the present NFTs on the Ethereum blockchain could entice users to buy the Chimpzee NFTs on the Solana chain. Since the NFTs would require CHMPZ tokens for transactions, it could further drive token usage.
Token Utility
Meme coins are generally believed to lack utility. Chimpzee, however, is set to change that narrative as it is equipping its token with necessary use cases that could help the value of the token, making it a coin to watch out for in the next bull run.
Chimpzee aims to leverage blockchain technology in combining financial opportunity with environmental conservation efforts. The developers stated on their website that a certain percentage of the profit earned will be donated to charity.
The token is now open to more people who may be interested in its mission of helping the environment and saving animals through its Solana integration.
With all these, CHMPZ, unlike many meme coins, may not necessarily depend on social media hype alone for price spikes. This positions it as one of the tokens to watch out for in the bull run.
The CHMPZ token is currently available on some top exchanges, such as p2pb2b, Bitmart, MEXC and the Raydium Dex. You can also purchase the token by visiting the website and clicking on ‘BUY CHMPZ,’ which will direct you to the various exchanges where the token is available
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