The CyberKongz neighborhood has launched the KONG token, changing the long-standing $BANANA token. With this alteration, the ecosystem now affords new options like staking, governance, and cross-chain use, giving advantages to each loyal holders and energetic NFT merchants.
Key Takeaways
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KONG token launched on September 10, 2025, changing $BANANA as CyberKongz’s predominant token.
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Buying and selling started on KuCoin and MEXC World with KONG/USDT pairs.
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Whole provide is capped at 1 billion, with 282 million in circulation at launch.
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Eligible OpenSea customers and NFT holders obtained airdrops beginning the identical day.
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KONG helps governance, staking rewards, occasion entry, and multi-chain DeFi integration.
The historical past of CyberKongz and $BANANA
CyberKongz started as a pixel-art NFT challenge however grew right into a acknowledged model in NFTs and Web3. For years, the $BANANA token was used for breeding, upgrades, and in-community rewards. Over time, its restricted scope grew to become a bottleneck for progress.
Changing $BANANA with KONG token supplies a stronger construction for brand new utilities and broader integration into gaming, governance, and DeFi.
Why the KONG token was launched
The KONG token formally launched on September 10, 2025, at 1:00 PM UTC by means of a Token Technology Occasion. The shift goes past a easy rebrand, as KONG introduces a number of new features:
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Governance: Token holders will assist determine the challenge’s route.
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Staking rewards: Alternatives for passive earnings and participation advantages.
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Occasion entry: Entry to CyberKongz neighborhood occasions and Wall Road Kongz.
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Metaverse foreign money: A medium of trade in CyberKongz-related video games and digital experiences.
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DeFi bridge: Transfers throughout Ethereum, Ronin, and different networks by way of CCIP and bridge protocols (AInvest, CyberKongz).
Tokenomics and provide breakdown
Constructed on Ethereum as an ERC-20, the KONG token has a set provide of 1 billion (CyberKongz Whitepaper).
Key particulars embody:
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Preliminary circulating provide: 282 million, principally transformed from $BANANA.
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Airdrops: 2% distributed to energetic NFT merchants on Ethereum and OpenSea.
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Future allocations: Quarterly distributions to Genesis Kongz, Child Kongz, and KONG stakers by way of Kongz Hub.
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Burn mechanisms: Tokens faraway from provide to create shortage.
Trade listings and buying and selling pairs
On launch day, KONG was listed on KuCoin and MEXC World, with pairs reminiscent of KONG/USDT opening at 13:00 UTC (KuCoin, MEXC World). Deposits and withdrawals have been enabled the identical day.
These listings helped present liquidity and accessibility, signaling CyberKongz’s intent to place KONG alongside different NFT-focused tokens.
Airdrops and BANANA conversion
The swap from $BANANA to KONG was easy. Holders may convert their tokens by means of the official CyberKongz web site at a 1:25 ratio (CyberKongz Whitepaper).
OpenSea merchants who have been energetic from 2023 on may get KONG airdrops, with larger rewards for many who traded extra. This methodology rewarded energetic neighborhood members and helped extra individuals get entangled.
The way forward for the KONG token
Wanting forward, CyberKongz plans to proceed with quarterly token distributions, gaming expansions tied to Genkai NFTs, and deeper integration with the Ronin community. Partnerships with DeFi platforms like Uniswap and SushiSwap are anticipated to develop liquidity.
Governance instruments may also develop, giving token holders a stronger function in decision-making. In the meantime, the Wall Road Kongz platform will use KONG for academic entry and community-driven monetary discussions (CyberKongz).
Why KONG token issues
The KONG token marks a significant improve for the CyberKongz ecosystem. By taking up from $BANANA, it brings in options like governance, staking, metaverse use, and cross-chain choices that help the challenge’s long-term objectives.
As with every digital asset, there are dangers. KONG may attraction to NFT followers and Web3 customers, however its worth and recognition will depend upon neighborhood exercise and the broader market.
Disclaimer
This text is for informational functions solely and shouldn’t be taken as monetary recommendation. At all times conduct your individual analysis earlier than making funding choices.
