Chimpzee, the meme coin project that helps you earn passive income and at the same time help in protecting the environment and animals, is gearing up for its Solana expansion.
The success of the CHMPZ token on Ethereum is visible from its earlier presale success and CEX listings. Now the project has launched on the Solana chain.
Chimpzee launches on Solana
The official X handle of Chimpzee project has tweeted the details. According to the announcement, the launch date for the new CHMPZ token on Solana chain ws on September 20th.
During its initial hints, Chimpzee had disclosed that the new SOL-based CHMPZ token will be listed on a major Solana DEX a few days after. The team has mentioned that they are working to launch it on the Raydium DEX.
Talking about supply, they have minted 400 million new CHMPZ tokens on the Solana chain. Chimpzee also noted that the bridge to Ethereum will be launched in a few weeks after the staking engine is created for the Solana token.
Additionally, the team plans to start developing the staking engine after CHMPZ is launched on Solana and after everything is working smoothly.
Today we have launched the CHMPZ token on the Solana chain. 🥳
400 million have been created. 👍
The website has been updated to reflect this new achievement as we pave the way forward to make it easier for more people to join the Chimpzee Army.
Here is our plan for the Solana… pic.twitter.com/WYEp92rv0n
— Official Chimpzee Project (@RealChimpzee) September 20, 2024
Common Solana launch questions debunked
Ever since the details of CHMPZ token launching on Solana hit the market, investors have been curious and had several questions in mind. To address these issues, Chimpzee picked some of the most repeated questions and clarified their stance.
Firstly, one of the most commonly asked questions was whether Solana would replace Ethereum. The project team answered this by stating that the new Solana chain will be launched alongside Ethereum and will not be replaced.
Chimpzee stated that expansion to Solana will help in increasing the coin’s reach and provide additional benefits without sacrificing on any of the existing ones. The launch on Solana comes with added benefits for CHMPZ holders.
First and foremost, the Solana network is cheaper in comparison to Ethereum. This means that investors needn’t pay hefty gas fees to move or sell their coins. In addition, one of the key features of the Solana network is its speed. This ensures that tokens can be moved without even the slightest delay.
The second commonly asked question was in regards to the total CHMPZ supply. The total supply of CHMPZ tokens as per CoinMarketCap data is 20 billion. So the community was puzzled as to whether the launch on Solana will increase the coin’s total supply.
Chimpzee addressed that to maintain the value of the coin, an equivalent amount of CHMPZ token on the Ethereum chain will be burned. In this case, the team minted 400 million CHMPZ tokens on the Solana chain.
Chimpzee to draw the first $10,000 USDT prize winner
For September, the team definitely has additional major news for its holders. In addition to the Solana launch, the team is also planning to draw the winner of their first $10,000 USDT prize.
All that users need to do to become eligible is to hold any of the four variants of Chimpzee NFT passports. As per the details, two lucky NFT passport holders will each win $10,000 USDT. In addition, there will be cash prizes for all passport type holders. You can find more details of the different NFT passports and the benefits they provide from this official NFT passports page.
Here’s the details of the NFT passport prize giveaway:
- 2 – $10,000.00 USDT (Any NFT Passport Holder)
- 1 – $5000.00 USDT (Diamond Passport Holders Only)
- 2 – $2500.00 USDT (Gold Passport Holders Only)
- 3 – $1000.00 USDT (Silver Passport Holders Only)
- 4 – $500.00 USDT (Bronze Passport Holders Only)
- 20 – $250.00 USDT (Any NFT Passport Holder)
NFT passport holders need to ensure that they don’t sell their NFT passport before the drawing. This will make them ineligible for the giveaway. The team has also stated that there will only be 1 prize per wallet.
Chimpzee project is getting ready for major developments this year. If you wish to leverage this opportunity, check out the CHMPZ token which is already trading on MEXC, BitMart, P2B and listed on CoinMarketCap and CoinGecko.
