Chimpzee Continues Giving Back As Wholesome Web3 Project Raises Staking Returns to 40%

cryptonews.com:

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

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.

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.

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.

Chi