• Chimpzee has launched a new wildlife conservation ecosystem that utilizes blockchain technology and NFTs to improve efficiency and transparency.
• The project will allocate 10% of its token supply and a portion of the profits to organizations dedicated to the mission.
• Traditional wildlife initiatives lack transparency and engagement, leading to rapid climate change and species extinction.
Chimpzee has launched a new wildlife conservation ecosystem that makes use of blockchain and NFTs to improve efficiency and transparency. The project will allocate 10% of its token supply and a portion of the profits to organizations that are dedicated to the mission. Traditional wildlife initiatives lack transparency and engagement, leading to rapid climate change and species extinction.
Chimpzee’s New Ecosystem
Chimpzee’s new eco-system uses blockchain technology along with Non-Fungible Tokens (NFTs) as an incentive for people who want to participate in conservation efforts by issuing Chimpzee NFT Passports which not only have collectible value but also give passive income in CHMPZ coins. This system also enables individuals to create personalized Chimpzee NFT Passports with commercial rights attached, making them eligible for various benefits & rewards in recognition of their financial contributions towards the cause.
Threats To Wildlife Conservation
Rapid climate change caused by human invasion into eco-sensitive areas is threatening numerous species around the world, leading to an alarming rate of plants & animals going extinct according to World Economic Forum reports. The NOAA’s 2021 Annual Climate Report states that average global land & ocean temperatures have risen 0.08 degrees Celsius every decade since 1880. Forests are responsible for absorbing 2.6 billion tonnes of carbon dioxide each year, equivalent to one-third emitted by fossil fuel consumption; thus expanding & preserving forest cover is paramount in tackling this issue at hand.
Problem With Traditional Initiatives
Traditional wildlife initiatives fail at engaging more people due their lack of transparency & accountability – it is difficult for themto measure how much impact they’re having on mitigating climate change or preserving endangered species as they do not incentivize participants properly or track progress accurately enough; hence why most people don’t feel motivated enought o contribute towards these causes despite knowing that their future depends on it too!
The launch of Chimpzee’s new ecosystem offers an innovative solution through its reward & incentive structure designed specifically for those who actively support environmental protection efforts, providing them with both tangible (CHMPZ coins) & intangible (collectible value) rewards so that they feel appreciated for their contributions – ultimately resulting in increased involvement from more stakeholders which will help speed up progress towards conserving vulnerable ecosystems!