CyberKongz to Launch New Token KONG to Replace BANANA, 2% of Total Supply to Be Airdropped to Ethereum NFT Community
According to ChainCatcher, official sources report that the Ethereum NFT and gaming project has announced a brand-new token, KONG, which will serve as the liquidity layer for its ecosystem, fully replacing the original BANANA token. The new token will be issued exclusively on the Ethereum mainnet, with a total supply of 1 billion tokens. BANANA can be converted to KONG at a 1:25 ratio (conversion will be available at TGE).
The airdrop plan allocates 2% of the total token supply to be airdropped to the Ethereum NFT community, with further details to be announced.
KONG will integrate DeFi and NFT features, introducing staking mechanisms, reward distribution, and deflationary burn functions. Future token distributions will take place quarterly through Kongz Hub, and will be available only to Genesis holders, Baby holders, and KONG stakers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dell's revenue outlook far exceeds expectations, shares rise over 5% after hours
Celestia mainnet launches Matcha upgrade: throughput increases by 16 times, inflation drops to 2.5%
Bitwise Dogecoin ETF BWOW may be listed on NYSE Arca as early as Wednesday
The US Dollar Index (DXY) fell more than 0.5% intraday and is now at 99.7.
Trending news
MoreCrypto prices
More
