The CyberKongz community has introduced the KONG token, replacing the long-standing $BANANA token. With this change, the ecosystem now offers new features such as staking, governance, and cross-chain usage, benefiting both loyal holders and active NFT traders.
Key Takeaways
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KONG token launched on September 10, 2025, replacing $BANANA as CyberKongz’s main token.
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Trading started on KuCoin and MEXC Global with KONG/USDT pairs.
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The total supply is limited to 1 billion, while there were 282 million in circulation at launch.
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Eligible OpenSea users and NFT holders received airdrops starting on the same day.
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KONG supports governance, stake rewards, event access, and multi-chain DeFi integration.
The history of CyberKongz and $BANANA
CyberKongz started as a pixel art NFT project, but grew into a recognized brand in NFTs and Web3. For years, the $BANANA token was used for farming, upgrades, and rewards within the community. Over time, its limited scope became a bottleneck to growth.
Replace $BANANA with KONG token provides a stronger structure for new tools and broader integration into gaming, governance and DeFi.
Why the KONG token was introduced
The KONG token was officially launched on September 10, 2025 at 1:00 PM UTC via a Token Generation Event. The shift goes beyond a simple rebrand, as KONG introduces several new features:
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Management: Token holders will help determine the direction of the project.
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To use rewards: Passive income opportunities and participation benefits.
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Access to events: Access to CyberKongz community events and Wall Street Kongz.
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Metaverse currency: A means of exchange in CyberKongz-related games and virtual experiences.
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DeFi Bridge: Transfers over Ethereum, Ronin and other networks via CCIP and bridge protocols (AInvest, CyberKongz).
Tokenomics and supply breakdown
Built on Ethereum as an ERC-20, the KONG token has a fixed supply of 1 billion (CyberKongz whitepaper).
Important details include:
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Initial Circulating Delivery: 282 million, mostly converted from $BANANA.
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Air droplets: 2% distributed among active NFT traders on Ethereum and OpenSea.
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Future assignments: Quarterly distributions to Genesis Kongz, Baby Kongz and KONG strikers via Kongz Hub.
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Combustion mechanisms: Tokens removed from supply to create scarcity.
Stock market quotes and trading pairs
On launch day, KONG was listed on KuCoin and MEXC Global, with pairs such as KONG/USDT opening at 1:00 PM UTC (KuCoin, MEXC Global). Deposits and withdrawals were made possible on the same day.
These listings helped provide liquidity and accessibility, signaling CyberKongz’s intention to position KONG alongside other NFT-focused tokens.
Airdrops and BANANA conversion
The switch from $BANANA to KONG was easy. Holders could convert their tokens via the official CyberKongz website at a ratio of 1:25 (CyberKongz Whitepaper).
OpenSea traders who were active from 2023 onwards could get KONG airdrops, with bigger rewards for those who traded more. This method rewarded active community members and got more people involved.
The future of the KONG token
Looking ahead, CyberKongz plans to continue with quarterly token distributions, with gaming expansions tied to them Genkai NFTsand deeper integration with the Ronin network. Partnerships with DeFi platforms such as Uniswap and SushiSwap are expected to increase liquidity.
Governance tools will also be expanded, giving token holders a stronger role in decision-making. Meanwhile, the Wall Street Kongz platform will use KONG for educational access and community-driven financial discussions (CyberKongz).
Why KONG token is important
The KONG token marks a major upgrade for the CyberKongz ecosystem. By acquiring $BANANA, it adds features such as governance, staking, metaverse use, and cross-chain options that support the project’s long-term goals.
As with any digital asset, there are risks. KONG could appeal to NFT fans and Web3 users, but its value and popularity will depend on community activity and the broader market.
Disclaimer
This article is for informational purposes only and should not be construed as financial advice. Always do your own research before making any investment decisions.