cyberkongz

ChainCatcher news, according to Blur data, the floor price of CyberKongz has surpassed 0.49 ETH, with a 24-hour increase of 11.36% and a 7-day increase of 14.49%.

According to ChainCatcher news, the official announcement states that the Ethereum NFT and gaming project will launch a new token, KONG, as the liquidity layer of its ecosystem, completely replacing the original token, BANANA. The token will only be issued on the Ethereum mainnet, with a total supply of 1 billion. BANANA can be converted to KONG at a ratio of 1:25 (available at TGE).The airdrop plan will allocate 2% of the total token supply to the Ethereum NFT community, with details to be announced.KONG will combine DeFi and NFT, introducing features such as staking mechanisms, reward distribution, and deflationary burn. Future token distribution will occur quarterly through Kongz Hub, exclusively for Genesis holders, Baby holders, and KONG stakers.

ChainCatcher news, according to The Block, the NFT collection project CyberKongz announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation. This is the latest investigation of such projects concluded by the SEC since President Donald Trump took office earlier this year. On Tuesday, CyberKongz confirmed in a post on the X platform that the SEC's investigation has officially ended and revealed that it will launch a "rebranding" plan. "The shackles are off for CyberKongz," the company stated, "We have been preparing for this for a long time. Soon, we will announce a comprehensive rebranding plan and new development direction."Last December, CyberKongz received a Wells Notice from the SEC, which is a formal warning issued to relevant companies before the SEC may take enforcement action. CyberKongz revealed that they have been under immense pressure since they first received inquiries from the SEC two years ago. The project team stated that the SEC's enforcement team raised "a very concerning argument that tokens (ERC-20) cannot be used in conjunction with blockchain games without being registered as securities."

ChainCatcher news, the NFT project CyberKongz posted on platform X that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This is a form of communication issued by SEC staff to inform companies that the agency's staff may recommend enforcement action against them.The team stated: "Since we first received contact from the SEC, we have been silently enduring for the past two years. Throughout this process, they have shown a complete lack of understanding of blockchain technology, leading to unfair accusations and inaccurate information. CyberKongz is a project rooted in the gaming sector, and the SEC's enforcement division has made very concerning statements to us, suggesting that if the token (ERC-20) is not registered as a security, it cannot be combined with blockchain gaming. Such statements will have a significant impact on the entire Web3 gaming industry, and we will oppose this position in a broader context."

ChainCatcher message, represented by the NFT project CyberKongz's second rune project DECENTRALIZED, indicates that the team behind it has decided that making the project fully decentralized is the best way to develop. DECENTRALIZED signifies that when its team carves out the second rune, they hope decentralization will symbolize the source and cultural value, rather than being built upon or interfered with by centralized entities. As of now, the team has spent over 1 million dollars on the project and has not asked for any returns.

ChainCatcher news, the NFT project CyberKongz stated on social media that the airdrop for Rune No. 2 DECENTRALIZED has been launched and will be conducted in batches.

ChainCatcher news, the NFT project CyberKongz has announced on social media that the second rune DECENTRALIZED has not yet taken a snapshot and will be announced in advance, with the distribution plan to be revealed next week. Verification for Prometheans Discord holders is coming soon.It is reported that CyberKongz successfully deployed the second rune "DECENTRALIZED" on April 20. Previously, CyberKongz airdropped 17,850 Prometheans to the Ordinals community, targeting the Bitcoin NFT community including NodeMonkey and Runestone. The total number of Prometheans is 21,000, with 85% allocated to the Ordinals community and 15% to CyberKongz holders.

ChainCatcher news, the NFT project CyberKongz announced on social media that it has completed the airdrop distribution of the Pre-Rune series Prometheans. Users can check their wallets to see if they have received the airdrop.It is reported that the CyberKongz team created a custom script for this series, which can obtain three data points from each selected community based on the time individuals have held their Ordinals: wallet, inscription, and last transfer time. The longer the Ordinals are held, the greater the chance of receiving the Prometheans airdrop.

ChainCatcher news, the NFT project CyberKongz announced on the X platform that it will launch the Pre-Rune series Prometheans on the Bitcoin network, with 17,850 Prometheans airdropped to the Ordinals community next week. The airdrop will target wallets with the longest holding time. The longer the Ordinals are held, the greater the chance of receiving the Prometheans airdrop.The total number of Prometheans is 21,000, of which 85% will be allocated to the Ordinals community and 15% to CyberKongz holders.The team has created a custom script that can retrieve three data points from each selected community based on the individual's holding time of Ordinals: wallet, inscription, and last transfer time.