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

The established NFT CyberKongz announces the launch of a new token $KONG, with details and tokenomics organized. (Background: Bitcoin Reserve Company: Why spend $2 to buy $1 of BTC?) (Background: Taiwan's first Bitcoin Reserve Company is born! Will Big Broadband / Dafeng Electric become Taiwan's version of MicroStrategy?) Do you remember the once blue-chip NFT - CyberKongz? The official X account posted after midnight today (20), 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 CyberKongz token $BANANA and will continue to exist on the Ethereum network. The journey of CyberKongz began on Ethereum and will continue there as a collection and established home for DeFi. CyberKongz has redesigned the entire ecosystem to better align with their roots of combining DeFi with NFTs. The official stated that at the TGE, a staking mechanism will be introduced, as well as a reward model for future $KONG distributions, deflationary burn events, and more. KONG Tokenomics According to the official website, the total supply of $KONG will be 1 billion, and any purchased or held $BANANA can be converted to $KONG at a ratio of 1:25 during the TGE, while 2% of the total supply will be airdropped to the Ethereum NFT community. More details can be followed on the official community. Distribution will occur seasonally and will be delivered 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: Does it benefit player participation in the ecosystem or is it Pay to Win? September Blockchain Game Research Report: Industry recovery, Telegram games spark a craze "Blue-chip NFT CyberKongz launches new token $KONG to replace $BANANA, will airdrop 2% to the Ethereum community" This article was first published on BlockTempo (the most influential blockchain news media).