CyberKongz, an established Ethereum-based NFT collection, announced the launch of a new token called $KONG, which aims to represent the CyberKongz brand and NFT culture. The $KONG token introduces an updated ecosystem featuring staking, rewards, and deflationary burns. Holders of the previous token, $BANANA, can convert their holdings to $KONG at a ratio of 1:25 upon the token generation event (TGE), with $BANANA representing 28.2% of the total $KONG supply. While 2% of the $KONG supply will be airdropped to the broader NFT community, no airdrop will be made specifically to the CyberKongz community at TGE. The launch marks a transition from $BANANA to $KONG as the primary token within the CyberKongz ecosystem.