TL;DR
- CyberKongz has formally launched its upgraded $KONG token, changing the $BANANA token at a 1:25 conversion ratio for current holders.
- The airdrop is reside for $BANANA holders and qualifying NFT collectors, whereas new staking, burn mechanics, and ecosystem utilities are launched.
- $KONG is designed as a multi-purpose liquidity and utility token throughout the CyberKongz ecosystem quite than a governance or purely gaming token, supporting long-term undertaking sustainability.
CyberKongz, the well-known NFT and DeFi ecosystem, is taking a significant step ahead with the launch of its $KONG token. Scheduled for September 10 at 1 PM UTC, the token era occasion (TGE) permits current $BANANA holders to convert their holdings at a 1:25 ratio. The transfer modernizes the ecosystem’s tokenomics, including staking choices, burn mechanics, and multi-utility purposes. The launch may also see $KONG listed on outstanding centralized exchanges, together with KuCoin and MEXC. Customers are inspired to go to the official web site for conversion directions and to confirm pockets connectivity, guaranteeing a easy migration course of.
Tokenomics And Distribution Overview
$KONG has a whole provide of 1 billion tokens, a big improve from $BANANA’s 40 million. Of this, 28.2% is allotted to $BANANA holders for conversion, 42% for future group distribution, 13.46% to a burn deal with, 6.35% for the treasury, 4.01% for the group, 3.97% for traders, and 2% for an NFT group airdrop. The group distribution is designed to reward stakers, Genesis and Child Kong holders via seasonal reward methods lasting 3 to 12 months. Badges earned through KongzHub can improve $KONG allocation, incentivizing energetic participation and offering new pathways for holders to have interaction in collaborative ecosystem occasions.
Utility Options And Staking Choices
$KONG introduces two staking methods: Fixed and Dynamic. Fixed staking generates Kong Factors (KP) every day, which convert into $KONG rewards at season’s finish. Dynamic staking hyperlinks $KONG to NFTs and ecosystem property, providing extra rewards via raffles and associate undertaking incentives. Past staking, $KONG is central to ecosystem burn occasions and is required for entry to the Wall-Avenue-Kongz (WSK) platform, a subscription-based analysis hub. $KONG spent on WSK passes is burned, including a deflationary aspect to the token’s economic system. Customers can monitor upcoming burn occasions, staking tiers, and reward schedules through official social channels and KongzHub, enhancing transparency and engagement throughout the group.
CyberKongz initially launched in March 2021 with Genesis Kongz NFTs and the $BANANA token. The introduction of $KONG represents a strategic evolution, offering a multi-utility asset designed to help staking, ecosystem interactions, and long-term sustainability. The airdrop, conversion course of, and ecosystem rewards are already reside, marking a new period for CyberKongz members and NFT holders.
