Chimpzee Announces 2M Token Burn Before Debut Exchange Listing to Fuel Initial Price Action and FOMO

cryptonews.com:

The sizzling new meme coin Chimpzee ($CHMPZ)  wrapped up its $2.7M presale a few weeks back.

Now in the 30-day vesting period, the token is preparing for its inaugural exchange listing. As per the latest announcement, it is scheduled for January 11th.

The much-awaited debut will be held on P2B centralized exchange, and followed by more, including Bitmart. In appreciation of the widespread participation from early investors, the project has also revealed plans to burn an additional 2 billion tokens.

Chimpzee has gained momentum as a crypto sensation since the launch of the $CHMPZ presale. Interestingly, the project captured the attention of both crypto whales and everyday investors within days of going live. It was declared a resounding success by the end.

As part of implementing its deflationary tokenomics, the project adopted a unique strategy of initiating various burn schedules during the presale.

With the token burns, the goal is to steadily reduce the overall token supply. In yet another burn schedule, the project will slash the total supply to 25 billion tokens and set the initial market cap below 50 million.

This is what the $CHMPZ tokenomics looks like now.

The lower initial market cap translates to greater potential ROI for the community of early backers. Once the burn schedule is implemented, investors will stand to earn generous returns as the project expands and flourishes. The first 1 billion tokens are set to be burned on the 15th day of the vesting period, followed by another at its end.

Moreover, a bigger burn event is set to go off as $CHMPZ hits exchanges.

The grand reception of the $CHMPZ presale stands as a testimony to its high market relevance and large growth potential. The project’s unique design is