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

On August 20, according to official news, the Ethereum NFT and game project CyberKongz announced the launch of 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 pieces. BANANA can be converted to KONG at a ratio 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. CyberKongz stated that KONG will integrate DeFi and NFT, introducing staking mechanisms, rewards distribution, deflationary burn features, and more. Future token distribution will occur quarterly through Kongz Hub, exclusively for Genesis holders, Baby holders, and KONG stakers.