CyberKongz Unveils $KONG, Its NFT Coin for the Ethereum NFT Project

Introduction of $KONG Token: CyberKongz has announced the launch of its utility token, $KONG, which will replace the existing $Banana NFT token and represent the CyberKongz and NFT culture.

Background on CyberKongz: Founded in March 2021, CyberKongz features a collection of unique 2D/3D NFTs, starting with a Genesis Collection of 1,000 pixelated gorillas, and has since expanded to include additional NFTs through breeding.

Details of $KONG Token: The $KONG token will have a total supply of 1 billion, with 38% allocated for initial distribution. It aims to engage NFT enthusiasts and provide access to various ecosystem perks.

Distribution Mechanics: The allocation plan includes percentages for the Ethereum community, team members, investors, treasury, and future distributions, with a focus on rewarding Genesis Holders and stakers through a new platform called Kongz Hub.