ChainCatcher news, according to official sources, Ethereum NFT and gaming projects have announced a new token KONG, which will fully replace the original token BANANA as the liquidity layer of its ecosystem. The token will only be issued on the Ethereum mainnet, with a total supply of 1 billion tokens. BANANA can be converted to KONG at a rate of 1:25 (available at TGE).

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

KONG will integrate DeFi and NFT, introducing staking mechanisms, reward distribution, deflationary burn, and other features. Future token distribution will occur quarterly through Kongz Hub, targeting only Genesis holders, Baby holders, and KONG stakers.