$KONG

Sometimes you are early, ironically, you can even be too early. The nature of pioneering is creating a concept that permeates through a culture or space and then takes on a life of its own. This can be said about CyberKongz pioneering the use of ERC-721 and ERC-20 token integration with $BANANA.

If we take you back to the beginning of 2021, there was no concept of utility, a roadmap, or an accompanying token. There were very few projects that existed and few early believers saw the potential, but no one could have predicted what transpired.

The creation of $BANANA set alight the 2021 NFT era. It showed the potential of what was possible with an NFT project and gave the first sign of building. It was a token that made mainstream news and its meteoric rise sent shockwaves through the web3 space. However, in a time where there was no thought of tokenomics, emissions, or token sustainability; we fell into that very trap of being too early.

Let’s get this very clear: $KONG is NOT a new token, it is a revamp and upgrade of $BANANA. No holders are diluted, there is no presale, and there is zero attempt of extraction.

There have been many great examples of tokens being redesigned and rebranded, most notably:

The reasoning for doing such an event is tangible product enhancement, whether that is improving identity, enhancing ecosystem growth, or redesigning for sustainability purposes - in our case it is all three.

The later sections elaborate on the conversion from $BANANA to $KONG and how that process works in detail.

We will always embrace the nature of experimenting, it is what pushes the space forward. However, we might have gone too far and pushed ourselves into too niche of a corner.

A token known for advanced breeding mechanics and pioneering a corner of crypto quickly turned into a token that became redundant once breeding was exhausted and was only perceived as valuable for a complex on-chain game with limited users.

This was then coupled with the issue of not designing sustained tokenomics. Emissions were in the form of Genesis Kongz (1,000 supply), yielding 10 $BANANA per day, equating to 10,000 $BANANA in emissions per day. The system worked brilliantly during breeding - what it was designed for - but became outdated once that event was done.

On top of this, there were no investors, VCs, or CEX listings at TGE in early 2021 for NFT project ERC-20s. This meant that both liquidity and accessibility lacked. It was extremely difficult for an average user to 1) locate $BANANA, and 2) trade $BANANA.

This space is ever-changing, and at times it is easy as a project to get caught up in the madness. But creating a legacy is something that very few manage to achieve.

CyberKongz is a legacy brand in the NFT space. It is a symbol of innovation and the daring nature to push a space forward for the betterment of everyone. The first to pioneer ERC-721s with ERC-20s, which ultimately created a 5 billion dollar industry. One of the first to push breeding mechanics. And the first to show what is possible through an NFT project.

Embracing that legacy is pivotal for the purpose and vision of $KONG.

CyberKongz is embracing a token-first architecture, where $KONG is a token that represents an ecosystem that was instrumental in shaping NFT culture and mechanics. It is an enhancement of the original token to be recognisable and reflective of the project, culture, and community that has been built over the last four years. It will act as the brand liquidity layer for people that have also dared to believe through the tumultuous times.

$KONG is not a governance token. $KONG is not a gaming token. It is a representation of something much bigger, with underpinning DeFi mechanics and ecosystem enablement.

There are two elements to $KONG staking: Constant and Dynamic.

Constant Staking: Stakers will earn Kong Points (KP) based on the amount of $KONG they have staked. KP will be accrued on a daily basis with 1 $KONG earning 1 KP every 24 hours. After a season (epoch) has ended, a $KONG airdrop will be distributed based on the relative amount of KP accrued - acting as a variable APR.

Dynamic Staking: Stakers with a WSK Pass or a Genesis/Baby will earn external rewards from staking $KONG. These may come in the form of partner airdrops (fungible tokens), whitelists for notable upcoming mints, validator rewards, and FullPort Labs incubated product benefits. Rewards will be reflective on the amount of $KONG you have staked, see the breakdown below.

CyberKongz have been known for deflationary burn events within the ecosystem. These events are designed for incentive-based conversion and fun on-chain experiences. These events are at the focus of the $KONG vision and will act as a sustained methodology to remove tokens from the circulating supply in a balanced manner. The first event will take place roughly two weeks after TGE with CyberKongz: Evolution.

$KONG adopts and honors the original tokenomics of $BANANA. The supply of the original token was 40 million, with the new supply being 1 billion. This ratio (1:25) has been applied for all holders of $BANANA and they will be able to convert at TGE. All $BANANA tokens on any chain will be able to convert, this makes up the 28.2% community allocation.

The yielding of $BANANA at a rate of 10 per day per Genesis Kong was terminated on Monday 18th August 2025. This yield was scheduled to take place until 2031. That supply (42%) now acts as the future supply, which is to be distributed on a seasonal basis to Genesis & Baby Kong holders plus $KONG stakers.

Any unclaimed yield from Genesis Kong holders has been factored into the circulating supply number. A snapshot was taken at the time of termination and holders will be able to claim their respective $KONG for 3 months - any unclaimed yield after this timeframe will be burnt.

All $BANANA tokens that have been burnt will be minted in $KONG and then sent to the burn address (13.46%) - this is done to ensure clean numbers on data aggregators.Treasury tokens (6.35%) are converted directly from our existing treasury reserve. These will be used for ecosystem events, liquidity provision, CEX listings, and more.

The $KONG token distribution has been designed to ensure fairness, sustainability, and long-term alignment with the CyberKongz ecosystem.

$KONG introduces structured vesting schedules to reduce volatility and ensure continuous community and ecosystem growth.