Blue chip NFT CyberKongz launches $KONG new Token to replace $BANANA, will airdrop 2% to the Ethereum community.

The established NFT CyberKongz announced the launch of a new token $KONG, with details and tokenomics organized. (Background: Bitcoin reserve companies: Why spend $2 to buy $1 worth of BTC?) (Additional context: Taiwan’s first Bitcoin reserve company is born! Will Dada Broadband / Dafeng Electric become Taiwan’s version of MicroStrategy?) Remember the once blue-chip NFT - CyberKongz? The official X account posted after midnight today (20th), introducing their upcoming new token $KONG. Introducing: $KONG A token that represents CyberKongz and NFT culture. Launching very soon, read more below pic.twitter.com/DKcJy0eVeN — CyberKongz (@CyberKongz) August 19, 2025 According to the official statement, $KONG will replace the existing $BANANA token of CyberKongz and will continue to exist on the Ethereum network. CyberKongz’s journey began on Ethereum and will continue there as a home for collectibles and Decentralized Finance. CyberKongz has redesigned the entire ecosystem to align more with their roots of combining DeFi with NFTs. The official stated that at TGE, a staking mechanism, future $KONG distribution reward models, deflationary burn events, etc. will be introduced. KONG tokenomics According to the official website, the total supply of $KONG will be 1 billion, and any purchase or holding of $BANANA can be converted to $KONG at a ratio of 1:25 at TGE, while 2% of the total supply will be airdropped to the Ethereum NFT community. More details can be followed in the official community. Distribution will occur seasonally and will be distributed through a new design called Kongz Hub, specifically for Genesis holders, Baby holders, and $KONG stakers. Related reports Notcoin founder: Click-to-earn model is dead, what’s the next step for Telegram game development? Telegram Mini App Game Analysis: Is it beneficial for players to engage in the ecosystem or Pay to Win? September Blockchain Game Research Report: Industry warming up, Telegram games spark a craze. <Blue-chip NFT CyberKongz launches $KONG to replace $BANANA, will airdrop 2% to the Ethereum community> This article was first published in BlockTempo, the most influential blockchain news media.