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