Home Chimpzee Made Its Debut on Solana Blockchain with 500 Million CHMPZ Tokens, What’s Next?

Chimpzee Made Its Debut on Solana Blockchain with 500 Million CHMPZ Tokens, What’s Next?

Chimpzee has expanded to the Solana blockchain, launching 500 million CHMPZ tokens on the network. This expansion could make the token easier for more people to access.

The crypto project is leveraging blockchain technology in a distinct way. It is using the technology to protect wildlife and support environmental preservation efforts.

Chimpzee encourages users to participate in the eco-friendly initiative while earning passive income through its native token. It also ensures that a certain amount of its revenue is donated to eco-friendly initiatives.

What’s Next After Solana Launch?

The expansion to Solana is poised to increase the adoption of the CHMPZ token and further improve its value.

However, that’s not all. The team is still working on several projects.

Staking on Solana Network

Chimpzee is bringing its staking program to Solana. This income-earning opportunity could entice Solana-based users to rush to the token.

The crypto project already has a system on the Ethereum blockchain that allows users to lock their CHMPZ tokens and NFT Passports to earn up to 40% and 20% APY, respectively.

If this is brought on Solana, it could motivate users to hold their tokens longer, as they can earn passive income simply by locking them within the ecosystem.

ETH-SOL Bridge

Also, a bridge between Ethereum and Solana will be built, allowing easy asset transfers between the two networks.

The bridge will also provide users with easy accessibility and improved scalability. It will also boost liquidity by allowing CHMPZ tokens to flow freely across both chains, potentially driving broader adoption.

SOL-Based NFTs

Currently, on the Ethereum chain, Chimpzee NFT Passport holders enjoy various benefits within the ecosystem. Aside from staking the digital asset, it grants holders access to the Chimpzee NFT marketplace.

Holders can also win prizes in special promotions, such as the just-concluded NFT Passport promotion.

The Chimpzee team plans to bring this income opportunity to the Solana network soon, allowing Solana-based users to participate.

Eco-Friendly Programs

Part of Chimpzee’s next plan is to work on initiatives that support its eco-friendly mission.

Chimpzee takes cautionary steps when selecting the organization to support. The team ensures collaboration with organizations that have significantly impacted wildlife conservation and environmental protection.

Also, they are always on the lookout for organizations that can be transparent enough in their proof of funds, showing how donations are utilized and ensuring that the funds are effectively contributing to the required cause.

Furthermore, Chimpzee only supports organizations whose values and goals align with its environmental sustainability and wildlife conservation mission.

Chimpzee

How Can These Plans Affect The CHMPZ Token?

Typically, being a multichain token helps the token get more open to a larger number of people. The move to Solana will expand CHMPZ beyond Ethereum, making it more accessible to users, which can drive more adoption of the CHMPZ token.

The plan to offer staking rewards might stop people from quickly selling their tokens. This could eventually lower the number of tokens available and raise the token’s value.

Furthermore, the upcoming launch of SOL-based NFTs will allow users to generate more income, which could increase users’ participation in the Solana ecosystem.

Despite being a meme coin, Chimpzee is not relying on hype alone to increase its value. The token itself is creating a strong force by having a solid utility of its own.

This use value could appeal to more people, possibly leading to FOMO among investors. The massive accumulation could make the CHMPZ become the most talked-about meme coin in the bull run.

The CHMPZ token is available on some exchanges, such as p2pb2b, Bitmart, MEXC and Raydium on the Solana chain. You can also visit the website and click on “Buy CHMPZ,” which will direct you to the different exchanges where you can buy and trade the CHMPZ token.

JOIN CHIMPZEE (CHMPZ) COMMUNITY NOW

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The ReadWrite Editorial policy involves closely monitoring the tech, gambling and blockchain industries for major developments, new product and brand launches, AI breakthroughs, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

James Spillane
Crypto Writer

James Spillane is a crypto trader and writer, producing analytical articles for ReadWrite on the latest market trends and price action of trending assets. Hailing from the UK, James is a BSc Physics graduate from Imperial College London and former Cadet Force Adult Volunteer with Bedfordshire & Hertfordshire Army Cadet Force. When not writing and editing, James enjoys working out and travelling, currently working remotely in South East Asia. James' latest coverage focuses on the growing meme coin market, tracking assets like Dogecoin and Shiba Inu and newer contenders to their market share.

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