TL;DR
- CyberKongz has officially launched its upgraded $KONG token, replacing the $BANANA token at a 1:25 conversion ratio for existing holders.
- The airdrop is live for $BANANA holders and qualifying NFT collectors, while new staking, burn mechanics, and ecosystem utilities are introduced.
- $KONG is designed as a multi-purpose liquidity and utility token across the CyberKongz ecosystem rather than a governance or purely gaming token, supporting long-term project sustainability.
CyberKongz, the well-known NFT and DeFi ecosystem, is taking a major step forward with the launch of its $KONG token. Scheduled for September 10 at 1 PM UTC, the token generation event (TGE) allows existing $BANANA holders to convert their holdings at a 1:25 ratio. The move modernizes the ecosystem’s tokenomics, adding staking options, burn mechanics, and multi-utility applications. The launch will also see $KONG listed on prominent centralized exchanges, including KuCoin and MEXC. Users are encouraged to visit the official website for conversion instructions and to verify wallet connectivity, ensuring a smooth migration process.
Tokenomics And Distribution Overview
$KONG has a total supply of 1 billion tokens, a significant increase from $BANANA’s 40 million. Of this, 28.2% is allocated to $BANANA holders for conversion, 42% for future community distribution, 13.46% to a burn address, 6.35% for the treasury, 4.01% for the team, 3.97% for investors, and 2% for an NFT community airdrop. The community distribution is designed to reward stakers, Genesis and Baby Kong holders through seasonal reward systems lasting 3 to 12 months. Badges earned via KongzHub can increase $KONG allocation, incentivizing active participation and providing new pathways for holders to engage in collaborative ecosystem events.
Utility Features And Staking Options
$KONG introduces two staking systems: Constant and Dynamic. Constant staking generates Kong Points (KP) daily, which convert into $KONG rewards at season’s end. Dynamic staking links $KONG to NFTs and ecosystem assets, offering additional rewards through raffles and partner project incentives. Beyond staking, $KONG is central to ecosystem burn events and is required for access to the Wall-Street-Kongz (WSK) platform, a subscription-based research hub. $KONG spent on WSK passes is burned, adding a deflationary element to the token’s economy. Users can track upcoming burn events, staking tiers, and reward schedules via official social channels and KongzHub, enhancing transparency and engagement across the community.
CyberKongz originally launched in March 2021 with Genesis Kongz NFTs and the $BANANA token. The introduction of $KONG represents a strategic evolution, providing a multi-utility asset designed to support staking, ecosystem interactions, and long-term sustainability. The airdrop, conversion process, and ecosystem rewards are already live, marking a new era for CyberKongz participants and NFT holders.
