CyberKongz Launches KONG Token with Staking and Burn Events

The CyberKongz ecosystem is leveling up. On September 10 at 1 PM UTC, the long-awaited token generation event (TGE) for $KONG will go live on Ethereum, officially replacing the legacy $BANANA token. With this upgrade, CyberKongz is introducing a new economic model, expanded staking options, and burn events designed to fuel long-term sustainability.

For holders, the swap is straightforward: every 1 $BANANA converts into 25 $KONG, with support across major centralized exchanges like KuCoin and MEXC. But beyond the numbers, this move represents a significant evolution for one of the NFT space’s earliest trailblazers.

Let’s dive into what this transition means for the CyberKongz ecosystem and why $KONG may prove to be one of the most versatile tokens in the world of blockchain games.

From $BANANA to $KONG – Why the Upgrade Was Needed

Back in 2021, CyberKongz introduced $BANANA, one of the very first ERC-20 tokens directly tied to an NFT collection. Holders of Genesis Kongz could stake their NFTs to earn daily rewards, which could then be used to breed Baby Kongz and fuel in-ecosystem activities. This was groundbreaking at the time, showing that NFTs could provide ongoing utility instead of just being static profile pictures.

But as the years went on, the inflationary model of $BANANA became unsustainable. What once worked during the NFT boom eventually limited growth and token stability. Recognizing this, the team set out to build something more durable.

Enter $KONG — not just a replacement, but a reimagining of what a community-driven utility token can be.

What Is $KONG?

$KONG is designed as a multi-purpose liquidity layer for the CyberKongz brand. Unlike governance tokens or pure in-game currencies, $KONG is built to function across staking systems, community rewards, ecosystem utilities, and deflationary burn events.

Some highlights of the launch include:

• Total Supply: 1 billion $KONG

• Conversion Ratio: 1 $BANANA = 25 $KONG

• Initial Circulating Supply: ~385 million tokens

• CEX Listings: KuCoin and MEXC confirmed

The launch also includes community-focused airdrops. Active OpenSea users who’ve spent $10,000 or more on NFTs since January 2023 will receive a portion of the supply, further cementing $KONG as a token for active participants in the NFT space.

Breaking Down $KONG Tokenomics

Here’s how the total supply is distributed:

• $BANANA Holder Conversion: 28.2%

• Future Community Distribution: 42%

• Burn: 13.46%

• Treasury: 6.35%

• Team: 4.01% (with vesting)

• Investors: 3.97% (with vesting)

• NFT Community Airdrop: 2%

The largest allocation is reserved for Future Community Distribution, ensuring that staking and active participation remain central to the token’s growth. Seasonal yield mechanics — ranging from 3 to 12 months — will give NFT holders fresh incentives to stay engaged.

Staking Options: Constant vs. Dynamic

One of the most exciting features of $KONG is its dual staking model:

• Constant Staking – Earn Kong Points (KP) passively at a fixed rate. At the end of each season, KP are converted into $KONG rewards based on pool participation.

• Dynamic Staking – Pair your $KONG with CyberKongz NFTs like Genesis, Baby Kongz, or Wall-Street-Kongz (WSK) for extra rewards. These may include raffle entries, partner token allocations, validator rewards, whitelist spots, and more.

Dynamic staking tiers start at 25,000 $KONG for one raffle entry, creating an ecosystem where deeper engagement leads to higher rewards.

Burn Events and the Deflationary Model

Another core piece of $KONG’s design is its deflationary mechanics. Tokens will be burned during ecosystem activations, reducing supply while driving participation.

The first burn event is scheduled about two weeks post-launch, signaling the team’s commitment to active supply management. Additionally, all $KONG spent on Wall-Street-Kongz (WSK) subscriptions will also be burned, tying access to exclusive research and alpha directly to token scarcity.

Wall-Street-Kongz Access

The Wall-Street-Kongz (WSK) platform is an NFT-gated research hub that gives members tools, insights, and alpha across NFTs and crypto. Access is subscription-based, payable only in $KONG.

This move transforms $KONG into more than just a yield token — it becomes a gateway to knowledge, networking, and opportunities within the broader ecosystem.

A Quick Look Back at CyberKongz

CyberKongz has always been a pioneer. Starting with Genesis Kongz NFTs in March 2021, the team quickly expanded into:

• Baby Kongz – bred using $BANANA

• CyberKongz VX – voxel avatars built for metaverse environments

• Genkai – anime-inspired art direction, the first PFP on Ronin

Despite regulatory hurdles — including an SEC Wells notice in late 2024 (later cleared in 2025) — CyberKongz has consistently evolved, adapting its vision while staying community-first.

Why $KONG Matters for Blockchain Gaming and Beyond

CyberKongz has proven that NFTs can be more than collectibles — they can anchor full ecosystems with utility, sustainability, and deflationary mechanics. By upgrading to $KONG, the project is setting the stage for long-term relevance in the growing world of blockchain games.

With staking, yield mechanics, burn events, and exclusive access to WSK, $KONG is positioned as a versatile token that supports not just in-game economies, but the entire CyberKongz brand.

As the token officially launches, all eyes will be on how the community embraces this next chapter. For long-time Kongz holders and new adopters alike, September 10 marks the beginning of a new era.