As eco-friendly cryptocurrency project Chimp moves closer to raising $1 million in its presale, the blockchain-based platform is making progress on its charitable roadmap commitments to save endangered animals and help fight climate change.
chimp revealed it Chimp Gold Passport Non-Fungible Token (NFT) collection on July 15, which will include eight exclusive digital art designs. Environmentally conscious crypto investors who participate in ChimpZ’s ongoing “Gold Stage” presale will be eligible to mint one of these special ChimpZ Gold Passport NFTs for up to 750,000 $CHMPZ tokens after the presale ends.
In addition to various benefits within the Chimp ecosystem, these Gold Passport NFTs will be stackable for up to 18% yield, providing holders with a passive income stream.
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The project also donated $20,000 to the WILD Foundation on July 20 to support their conservation efforts for endangered black jaguar populations in South America, as part of Chimp’s core mission to fund influential environmental and wildlife charities.
Earlier this year, Chimp donated $15,000 to protect endangered Asian elephants, as well as finance the planting of 1,200 trees in Brazil and 20,000 trees in Guatemala. According to his website, Chimp plans to continue donating to reputable charities and organizations fighting against climate change, deforestation and animal endangerment.
Chimpzy is currently in the eighth stage of its presale event, the second “Gold Stage”, with the price per token set at $0.00075. The presale will enter its ninth phase in ten days on August 4, which will increase the price per $CHMPZ token to $0.00085.
Presale participants can also secure a 125% token bonus if they contribute while the presale is still in its initial gold phase.
Chimpzy seeks to allow platform users to earn passive income while contributing to charitable causes that protect animals and the environment. Key features will include a shop-to-earn merchandise store, a trade-to-earn NFT marketplace, and a play-to-earn game called “Zero Tolerance”.
In a shop-to-earn model, users will be rewarded in $CHMPZ tokens for every purchase made at the Chimpzy merchandise store. Additionally, a portion of the profits from merchandise sales will be donated to participating environmental charities, making the store a shop-to-charity experience as well.
According to their whitepaper, Chimp is currently in the second phase of their roadmap timeline. Once the presale ends and $CHMPZ is launched, the team will focus on developing the Chimpzy merchandise store, NFT minting platform, and staking features.
The NFT marketplace and play-to-earn game will be built in later roadmap phases. Chimpzy says they plan to maintain the charitable donation through each roadmap milestone.
With strong utility features and a charitable ethos, $CHMPZ could be a promising addition to an environmentally conscious crypto portfolio. Investors who participate in the early pre-sale stages can acquire the token at a steep discount to the planned exchange listing price of $0.00185 later this year.
The deflationary toconomics of $CHMPZ also makes the asset an interesting value proposition. Tokens spent on the Chimp Passport NFT are permanently removed from circulation. Additionally, Chimp will burn unsold tokens from each presale phase, with 50 billion already burned on July 19th.
Another 50 billion will be spent once the $1 million raised in the presale is reached. Ultimately, more than 40 billion tokens will be destroyed just before the exchange listing.
As the total supply becomes limited over time, the demand for the remaining tokens may increase, which will have a positive effect on the price. Major crypto influencers such as Michael Vrubel have already started promoting the project to their hundreds of thousands of followers.
With climate change increasingly making news headlines as temperatures drop to record lows around the world, environmentally conscious crypto investors may want to look into chimp presales soon. According to their website, 45% of the total $CHMPZ supply is available during the public presale event.
With only a few days left until the next pre-sale price hike, the window of opportunity may be closing for investors to join a movement that allows earning while protecting endangered species and habitats.
Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.