This article is provided for informational purposes only. It should not be considered financial, investment or legal advice, nor should it be interpreted as an offer, solicitation, guarantee or commitment regarding future exchange listings, integrations or commercial arrangements.

Since launching Chimpers in 2022, the ecosystem has grown far beyond a single NFT collection.

Today the ecosystem includes the Chimpers Protocol, $CHMPSTR, the Collector Hub, digital and physical collectibles, licensing, strategic partnerships and much more.

With several major initiatives on the horizon, now is the right time to strengthen the infrastructure that supports everything we're building.

This upgrade is built around three major improvements:

• $CHMPSTR transfers become fully unrestricted from day one.
• A one-time reshuffle of protocol-owned Chimpers to remove "the wall".
• A protocol architecture designed to reduce the need for future contract upgrades while supporting the long-term evolution of Chimpers.

Together, this represents the most significant upgrade to the Chimpers Protocol since $CHMPSTR launched.

While each improvement stands on its own, together they create a stronger, more flexible foundation for the long-term evolution of the Chimpers ecosystem.

The Marketplace Wall

When $CHMPSTR launched, the protocol's market mechanics generated significant fees.

Those fees were automatically used to acquire Chimpers from the marketplace. The protocol then relisted those Chimpers and, whenever one sold, the proceeds were used to buy and burn $CHMPSTR. This continues today.

The core flywheel mechanics remain unchanged.

Because the vast majority of fees were generated during launch, most of those Chimpers were acquired and relisted within a relatively short period of time.

While the strategy contract has continued buying Chimpers ever since, the majority of the inventory was established during that initial launch window.

Over time, those listings became concentrated within a relatively narrow price range, creating what many holders know as "the wall."

As the floor approached it, buyers naturally became more cautious while holders increasingly listed into the same range.

A mechanism designed to strengthen the ecosystem had unintentionally become a structural bottleneck.

While this was a natural outcome of the protocol's original design, it became clear the listing strategy could be improved as the ecosystem matured.

The Reshuffle

In collaboration with Token Works, we've developed a new listing strategy for protocol-owned Chimpers.

The existing inventory of approximately 400 Chimpers will receive a one-time reshuffle, redistributing listings across a much wider price range.

Future protocol purchases will continue as normal but will automatically be relisted using randomized pricing within configurable limits. The initial range is configured between 1.1x and 5x the current floor price, helping prevent another concentrated wall from naturally forming.

Importantly, the flywheel itself does not change.

The protocol will continue:

• Acquiring Chimpers using protocol fees.
• Relisting those Chimpers.
• Using every sale to buy and burn $CHMPSTR.

Only the listing strategy changes.

The intended result is a healthier marketplace with improved price discovery and a more natural distribution of supply.

$CHMPSTR, Unlocked

From the moment the upgraded contract goes live, $CHMPSTR becomes freely transferable between wallets, like any standard ERC-20 token.

Until now, $CHMPSTR could only move through approved routes. That was a deliberate design choice at launch. It ensured activity flowed through the protocol's trading infrastructure, feeding the flywheel that has been buying Chimpers, relisting them and burning supply ever since.

That design served its purpose.

Removing transfer restrictions significantly increases the flexibility of the protocol and broadens the ways in which $CHMPSTR can be used.

Full Ownership

Move $CHMPSTR between wallets.

Store it in cold storage.

Consolidate wallets.

Gift it.

Hold it in a multisig or team treasury.

The basics every token holder expects.

Payments & Commerce

Unrestricted transfers are a prerequisite for integrating with payment infrastructure and broader onchain commerce.

Removing transfer restrictions improves the ability to integrate $CHMPSTR across future products, rewards, commerce and collector experiences should those opportunities arise.

DeFi

Lending markets, collateralised positions and liquidity strategies generally require freely transferable tokens.

We're not announcing any specific integrations today, but removing transfer restrictions makes permissionless integration possible for builders should they choose to support $CHMPSTR.

Exchange Compatibility

Centralised exchanges require tokens that can move freely between user wallets and exchange infrastructure.

Restricted transfers previously made centralised exchange compatibility structurally impossible.

We are not announcing any exchange listing today.

Removing transfer restrictions removes a key technical limitation that previously prevented compatibility with centralised exchange infrastructure.

The Flywheel Continues

Removing transfer restrictions does not change the protocol's core economics.

The fee mechanism remains in the official $CHMPSTR trading pool, which currently holds the large majority of liquidity. While anyone will now be able to create alternative liquidity pools without protocol transfer fees, volume generally follows liquidity. We therefore expect the official pool to remain an important part of the ecosystem, either directly or through arbitrage that helps align prices across venues.

Under the current protocol design, the strategy contract continues to:

• Acquire Chimpers using protocol fees.
• Relist Chimpers.
• Buy and burn $CHMPSTR.

The flywheel remains intact.

Long-Term Protocol Architecture

Alongside these changes, we've reviewed the underlying protocol architecture to ensure it can continue supporting Chimpers for years to come.

The upgraded contract introduces additional administrative flexibility intended to reduce the need for future upgrades and token migrations.

New capabilities include:

• Adjustable minimum and maximum relisting ranges, along with configurable pricing granularity, so listing strategy can evolve with market conditions.
• Support for updating marketplace order infrastructure, providing flexibility should listing standards or marketplace infrastructure evolve.
• A transfer restriction toggle, disabled from day one. We do not expect to use it, but retaining the capability means an emergency response would not require a contract migration.
• Approved distributor management, which would only become relevant if transfer restrictions were ever re-enabled.

The goal is simple: build flexibility into the protocol today so future improvements can be implemented with less reliance on contract upgrades.

Aligned by Design

Recently there's been increasing discussion across Web3 about projects serving two different groups of stakeholders: outside shareholders on one side and token holders on the other.

Chimpers has taken a different approach.

We've never raised outside capital.

The project remains self-funded, with development supported through collectibles, licensing, partnerships and other ecosystem initiatives.

That independence is structural.

There is no shareholder class sitting alongside the community, and no boardroom deciding where value should flow.

The protocol's mechanics remain aligned with the ecosystem:

• Protocol fees buy Chimpers.
• Chimper sales buy and burn $CHMPSTR.
• The Dojo Reserve connects real-world brand growth with the onchain ecosystem.

Today's upgrades continue that philosophy.

What This Unlocks

This upgrade creates a stronger foundation for everything still to come.

A freely transferable $CHMPSTR provides greater flexibility for potential future integrations across payments, commerce, collector experiences, rewards and wider ecosystem initiatives.

A reshuffled marketplace gives the collection more room for genuine price discovery.

A protocol designed for long-term evolution reduces the need for future contract upgrades as new functionality is introduced.

This isn't about changing the vision.

It's about strengthening the foundations that support it.

Stronger foundations.

A healthier marketplace.

A more flexible token.

Built for what's next.

The next chapter of Chimpers starts here.

Frequently Asked Questions

What exactly is changing with $CHMPSTR transfers?

From day one of the upgrade, $CHMPSTR becomes a fully transferable ERC-20 token. You can move it between your own wallets, to other people, to smart contracts and, where supported, to exchanges and DeFi protocols.

Why were transfers restricted in the first place?

Transfer restrictions were part of the original protocol design.

They ensured activity flowed through the protocol's trading infrastructure so the fee mechanism captured every trade during the early stages of the ecosystem.

Now that the flywheel is established, removing those restrictions provides greater flexibility while retaining the core protocol mechanics.

Does removing transfer restrictions break the flywheel?

No.

The protocol's fee mechanism remains in the official trading pool, which currently holds the majority of liquidity.

While alternative pools may now exist, we expect the official pool to continue playing a significant role through liquidity and arbitrage.

The buy, relist and burn loop remains unchanged.

Could transfer restrictions ever return?

Technically, yes.

The upgraded contract includes an on/off transfer restriction switch. It will be disabled from day one, making $CHMPSTR fully transferable. We do not expect to re-enable it, but retaining the capability means an emergency response would not require another contract upgrade or token migration.

Is $CHMPSTR being listed on a centralised exchange?

No listing is being announced.

Removing transfer restrictions removes a key technical limitation that previously prevented compatibility with centralised exchange infrastructure.

Any future listing announcements would come exclusively through official Chimpers channels.

Can I borrow against $CHMPSTR now?

Not immediately.

Lending platforms decide which assets they support.

However, removing transfer restrictions makes those types of integrations technically possible, subject to third-party support.

What is "the wall"?

The protocol accumulated approximately 400 Chimpers, most of them during the token launch when protocol fees were at their highest.

Because many were relisted within a similar pricing range, they formed a concentration of listings that became known as "the wall."

The reshuffle redistributes those listings across a much wider range.

How are protocol-owned Chimpers now priced?

Existing protocol-owned Chimpers are redistributed across a randomized pricing range.  Following the upgrade, future protocol purchases are automatically relisted using randomized pricing within configurable limits. The initial configuration uses a range of 1.1x–5x the current floor price, although those parameters can be adjusted over time without requiring another contract upgrade.

Will the reshuffle result in the protocol selling Chimpers below the current floor?

No.

The reshuffle changes listing prices.

It is not a liquidation, and the protocol is not market-selling its Chimpers.

Does the reshuffle change the flywheel?

No.

The strategy contract continues acquiring Chimpers using protocol fees.

Those Chimpers continue being relisted.

When they sell, proceeds continue buying and burning $CHMPSTR.

Only the listing strategy changes.

Do I need to do anything?

No.

Your balance is unaffected.

There is no migration.

There is no claim.

There is no new token.

Anyone asking you to connect your wallet or claiming you need to migrate is attempting to scam you.