CyberKongz will be launching a new token, KONG, to replace BANANA, with 2% of the total supply being airdropped to the Ethereum NFT community.

BlockBeats News, August 20, according to official sources, Ethereum NFT and gaming project CyberKongz announced the launch of a new token, KONG, as the liquidity layer of its ecosystem, fully replacing the original token, BANANA. The token will only be issued on the Ethereum mainnet with a total supply of 1 billion. BANANA can be converted to KONG at a 1:25 ratio (open at TGE).

The airdrop plan is to airdrop 2% of the total token supply to the Ethereum NFT community, details to be announced.

CyberKongz stated that KONG will integrate DeFi and NFT, introducing staking mechanisms, reward distribution, deflationary burning, and other functions. Future token distribution will be carried out quarterly through Kongz Hub, exclusively targeting Genesis holders, Baby holders, and KONG stakers.