Chimpzee, the most wholesome passive income project in Web3, is furthering its charitable efforts while solidifying its position in the crypto space. This meme coin offers multiple avenues for earning passive income while also supporting charitable organizations that aim to save animals and combat deforestation.
Chimpzee has recently launched its highly anticipated NFT Passports, which have the potential to burn an additional 5 billion $CHMPZ tokens from the circulating supply. These passports offer various benefits, such as increased rewards, exclusive discounts, and VIP access to events and promotions within the Chimpzee ecosystem.
The project has already made significant donations to notable charities like WeForest, WILD Foundation, One Tree Planted, Forgotten Animals, and Rainforest Rescue. Its latest contribution to WeForest involved planting 4,200 trees through the Mala project in Tanzania.
Chimpzee provides four ways for users to earn passive income: shop-to-earn, trade-to-earn, play-to-earn, and $CHMPZ staking. By engaging with these products, users can earn rewards and stake their $CHMPZ tokens to earn up to 40% APY.
The NFT Passports are crucial for maximizing passive income within the Chimpzee ecosystem. They come in four tiers – Diamond, Gold, Silver, and Bronze – each offering different levels of rewards. The Diamond NFTs, with only 1,000 available, provide the highest rewards and cost 1 million $CHMPZ tokens.
Traders in the Chimpzee community anticipate a surge in returns after the NFT passport sale. This is because all $CHMPZ tokens used to purchase the NFTs will be permanently burned, effectively reducing the total circulating supply by over 5 billion tokens. In addition, the staking feature remains popular, with 5.7 billion $CHMPZ currently staked, leading to expectations that some of these tokens will be unstaked to buy the NFTs.
As a result, traders believe there will be a supply shock during the NFT sale, making it difficult for newcomers to find cheap $CHMPZ tokens. This is expected to drive up prices in the open market.
Overall, Chimpzee continues to establish itself as a leading charity-focused Web3 project, making significant contributions to global causes while offering opportunities for passive income.