Announcing fresh advancements for the $CHMPZ token on Solana, has advanced its multi-chain expansion. Environmentally conscious crypto project Chimpzee keeps providing several opportunities for people to profit while helping the ecology of the earth.
Apart from that, the project is currently including staking, NFTs, and a link of Ethereum (ETH) and Solana (SOL), so confirming its presence over blockchain environments. This expansion is set to bring more utility and opportunities for token holders as Chimpzee evolves its platform.
According to a Chimpzee official update, the project stated its intentions to provide staking for the $CHMPZ token on the Solana network. With this advancement, holders of tokens will be able to stake them and get rewards on both Ethereum and Solana chains.
By including staking on Solana, Chimpzee hopes to leverage low costs and fast transaction capacity of the network. Moreover, stakers should expect benefits in the form of extra CHMPZ tokens, therefore motivating long-term project involvement.
ETH-SOL Bridge: Seamless Cross-Chain Transactions
After staking goes live, the Chimpzee team plans to focus on the development of a bridge that will connect Ethereum and Solana. This ETH-SOL bridge will allow simple and safe CHMPZ token transfers between two blockchain systems, therefore improving liquidity and giving more user flexibility.
A vital piece of infrastructure, the bridge will guarantee that token holders may migrate their assets unhindered using the unique qualities of both networks.
Offering cross-chain interoperability, Chimpzee is portraying itself as a project that recognizes the need of adaptability and scalability in the fast changing crypto scene.
Solana-Based NFTs to Expand the Chimpzee Ecosystem
Apart from staking and the ETH-SOL bridge, Chimpzee is getting ready to release a sequence of Solana-based NFTs. These NFTs will add to the expanding Chimpzee ecosystem by providing owners fresh chances to interact with the project and support its environmental preservation goal.
Starting Solana NFTs is a calculated action that lets Chimpzee use the strong NFT market on Solana and provide its community greater means of involvement in the project.
Burn of CHMPZ Tokens, NFT Passports and Upcoming Price Increase
In another major announcement, Chimpzee confirmed the completion of two token burns, totaling 535,700,000 CHMPZ tokens. The first burn accounted for 366,300,000 tokens, while the second saw 169,400,000 tokens removed from circulation.
These tokens were burned as part of the process of purchasing NFT Passports, which offer holders various benefits within the Chimpzee ecosystem. Following the burns, the team confirmed that no further CHMPZ tokens used for NFT Passport purchases would be burned.
give consumers access to exclusive advantages inside the ecosystem. Each of these four-tie passports—Diamond, Gold, Silver, and Bronze—offers different degrees of benefits.
With top tier passports providing the most notable returns, holders of these NFTs can earn cash, rewards, and other perks.
Chimpzee emphasizes that although the NFT market is declining, its NFTs still provide special chances to get benefits just by holding them. The project’s earning potential and emphasis on real-world impact appeal to environmentally minded investors.
Chimpzee also said that on October 25 the cost of its NFT Passports will rise; further information on the next drawing, set for November 1, expected shortly.
How Chimpzee’s Ecosystem Works
How Chimpzee’s Ecosystem WorksThere are three main ways for users to earn—Shop-to- gain and Play-to-Earn, and Trade-to-Earn— which formulate the Chimpzee ecosystem.
Users of the Shop-to- Earn component can buy unique Chimpzee products and get passive income in CHMPZ coins. A percentage of the profits from these sales goes to environmental charities, allowing users to contribute to climate action while earning rewards.
The Play-to-Earn model is centered around the Zero Tolerance Game, where players can earn CHMPZ tokens by protecting the environment and stopping poachers.
Players can use their NFT Passports or custom avatars to gain advantages in the game, adding a layer of engagement for users interested in gaming. The Trade-to-Earn feature incentivizes users to engage in trading activities within the Chimpzee platform.
Participants can earn CHMPZ tokens as rewards for their trading activity, further driving engagement within the ecosystem. A portion of the revenue generated from trading is allocated to environmental conservation efforts, aligning with Chimpzee’s mission to combat climate change.
Exclusive NFT Promotions and Rewards
In addition, Chimpzee has whereby holders of its NFT Passports could win large cash awards. Depending on the passport tier, these prizes go from $500 to $10,000 in USDT and offer several chances to win.
The largest benefits go to Diamond Passport holders; Gold, Silver, and Bronze Passport holders also get tier-specific gifts.
This promotion is an example of the exclusive benefits that NFT Passport holders can enjoy, providing additional financial incentives while supporting Chimpzee’s environmental goals. The project continues to innovate by combining financial rewards with real-world impact, making it a unique player in the NFT space.
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