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The wholesome Web3 project Chimpzee continues giving back to its community after announcing that it raised its staking returns to 40%.
The project shows the world that Web3 can be used for a greater purpose by raising funds for charitable organizations while providing $CHMPZ holders with a passive income.
Chimpzee raised an astonishing $2.7 million in its presale, and the token has now officially launched, with a new listing lined up for BitMart very soon.
3.7 Billion $CHMPZ Staked After Staking Returns Raised to 40%
Chimpzee opened its staking feature during its vesting period, offering more rewards for loyal $CHMPZ holders.
Initially, the maximum return for staking was set at 30% APY. However, the team recently announced that they’ve increased the staking rewards to 40% APY.
Those staking 10 million $CHMPZ or more are entitled to earning 40% APY. Those staking less can earn a return according to the following schedule;
The staking system has been a hit with the community after over 3.7 billion $CHMPZ have been locked into the staking contract, with over 11 million $CHMPZ already paid in rewards.
There are still almost 2 billion $CHMPZ in the rewards pool for those looking to stake $CHMPZ today.
Epic $2.7 Million Fundraising Complete With Passive Income Product Suite Coming
The Chimpzee presale was one of the hottest fundraising events in 2023, as it managed to attract $2.7 million worth of investment.
Investors rushed to get positioned as early adopters in the presale after learning that the ecosystem provides a passive income to all $CHMPZ holders.
The idea behind the project is to show that Web3 and meme coins can be used for a higher purpose by raising consistent funds to contribute to charitable organizations to help prevent climate change and animal extinction.
Chimpzee seeks to raise public awareness and provide financial contributions to organizations making a difference in the world.
Essentially, the project is disrupting the way crypto users donate to charity while providing them with the passive income returns that attract them to crypto in the first place.
Excluding the new staking feature, the ecosystem has three avenues to earn a passive income: shop-to-earn, trade-to-earn, and play-to-earn.
Those holding one of the coveted Chimpzee NFT Passports receive higher rewards through each of the ecosystem’s products.
Has Chimpzee Made Any Donations So Far?
The best part about Chimpzee is that it’s true to its word after making a series of noteworthy donations to charitable organizations during its presale.
All donations made are fully verified through on-chain stats or social media posts from the official charity accounts.
There’s a long list of contributions made by Chimpzee, but let’s take a look at some of the ones that stand out.
One of the first notable donations made was a $15,000 contribution to WILD Foundations to help the rangers protect the last herd of desert-adapted elephants. With just 150 of these desert roamers remaining, the breed is on the brink of extinction, and Chimpzee’s donation does its part to help;
Chimpzee Makes the News and Appears on CoinTelegraph!https://t.co/PpNr0ffR8s
— Official Chimpzee Project (@RealChimpzee) May 25, 2023
Another noteworthy donation was $20,000 to WILD Foundation to help the Yawanawa people protect the final 600 black jaguars that roam the Brazilian Rainforest;
We have just made a $20,000 donation to the @wildfoundation to support their remarkable efforts in saving and protecting the majestic black jaguar!
— Official Chimpzee Project (@RealChimpzee) July 14, 2023
Chimpzee has also made some admirable contributions to help prevent deforestation. For example, Chimpzee managed to plant over 20,00 trees in South America through two donations to One Tree Planted;
What an amazing accomplishment! We are so happy to support you and get these trees planted
— One Tree Planted (@onetreeplanted) June 15, 2023
It also continued this endeavor to plant another 5,000 trees in Tanzania;
CHIMPZEE MAKES DONATION TO WEFOREST!
The Chimpzee Army has done it again and this time we help fund the planting of over 5000 trees in Tanzania Here is a brief summary of the impact our donation will have:
Restore approx. 3.84 hectares of degraded land, that’s 38,460 m2… pic.twitter.com/D6g5FSCKoR
— Official Chimpzee Project (@RealChimpzee) November 10, 2023
As you can see, Chimpzee isn’t just any Web3 project. The ecosystem is designed to continue raising funds that will be donated to charity in the coming months after the products are launched.
Tier-1 Listing: BitMart Launch Incoming
With $CHMPZ officially trading live, the team is now working on getting it listed on as many exchanges as possible to increase the liquidity for traders.
A listing with BitMart is already lined up, with an announcement for its launch date expected shortly.
Following the BitMart listing, Chimpzee will plan its launch of the NFT Passports and announce some new exchange listings.
Then, Chimpzee will release its passive income products, allowing $CHMPZ holders to begin earning through shop-to-earn, trade-to-earn, and play-to-earn.
Overall, Chimpzee is setting itself up to be a powerful force in 2024 as it continues to demonstrate the capabilities of Web3 to make a positive impact on the world through financial contributions.
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