KongSwap PriceKONG

What is KongSwap (KONG)?

KongSwap (KONG) is a decentralized exchange (DEX) token built on the Internet Computer (ICP) blockchain. The project positioned itself as a "one stop token shop," allowing users to trade tokens across multiple chains through an intuitive interface. According to its whitepaper, KongSwap aimed to reduce transaction costs, enhance scalability, and simplify DeFi interactions. The platform was designed to evolve from a single-chain DEX into a multichain DeFi hub. KONG is an ICRC-1-compliant token that serves as the native asset of the KongSwap Service Nervous System (SNS) DAO. The total supply is approximately 999,999,999 KONG, with a maximum supply reported at 1,103,812,891 KONG. On March 27, 2026, the KongSwap team announced the platform's closure; it shut down on April 6, 2026, with users asked to withdraw liquidity and tokens beforehand. Community discussions referenced planned Solana integration and prediction market features, but these were not delivered before the shutdown.

Key Specifications & Tokenomics

• Name: KongSwap
• Ticker / Symbol: KONG
• Blockchain: Internet Computer (ICP)
• Token Standard: ICRC-1-compliant token
• Category: Decentralized Exchange (DEX) Token; DeFi; DePIN
• Total Supply: 999,999,999 KONG
• Max Supply: 1,103,812,891 KONG
• Circulating Supply: 0 KONG reported by third-party trackers; self-reported circulating supply 420M KONG (38.05%)
• Consensus: SNS DAO governance on Internet Computer
• Smart Contracts: Ledger canister architecture with archive canisters
• Contract Address (Ledger Canister): o7oak-iyaaa-aaaaq-aadzq-cai
• SNS DAO Canister: ormnc-tiaaa-aaaaq-aadyq-cai
• Launch Date: November 10, 2024 (per CoinMarketCap registry); CoinMarketCap listing date November 12, 2024
• Reward Rate (SNS): 2.5% over 5 years; Max Age Bonus 25%
• Official Website: https://www.kongswap.io/

Who created KongSwap?

The KongSwap project is supported by a team of contributors who have presented at public events. Aaron Bremser serves as CMO of Kong Swap and has presented "Kong Swap: The Next-Gen DEX on ICP," describing the project as a DEX built on ICP with a vision to evolve into a multichain platform. Gorazd Ocvirk is a core contributor who presented "KongSwap: The Future of Cross-Chain DeFi Without Bridges," introducing the project's bridgeless cross-chain approach. Shill Gates has appeared alongside Gorazd in discussions about KONG, including upcoming Solana integration and prediction market updates. Publicly identified contributors include Aaron Bremser (CMO) and Gorazd Ocvirk (core contributor); the full founding team has not been publicly detailed.

How does KongSwap work?

KongSwap operated as a decentralized exchange on the Internet Computer blockchain until its shutdown on April 6, 2026. It used ICP's Chain Fusion technology to support bridgeless trading of native tokens from major blockchains, meaning users could trade cross-chain assets without relying on traditional bridges. KongSwap operated as an automated market maker (AMM) DEX on ICP, enabling permissionless trading and on-chain liquidity management. KONG transactions are facilitated through a ledger canister which, in conjunction with archive canisters, tracks KONG account balances and transaction history. Users who supplied tokens to KongSwap's liquidity pools received liquidity pool (LP) tokens representing their share in the pool. The platform also incorporated SNS DAO governance, allowing KONG holders to participate in decision-making processes. The project's architecture was designed to abstract the complexities of underlying protocols, enabling seamless DeFi activities across various blockchains.

What makes KongSwap unique and valuable?

KongSwap distinguished itself through its intensive use of ICP's Chain Fusion technology, which enables bridgeless cross-chain DeFi. This approach eliminates the need for traditional bridges, which are often targets of exploits in the DeFi space. The project was positioned as "The Future of Cross-Chain DeFi Without Bridges." Community discussion noted that KongSwap was more likely to leverage ChainFusion technology more intensively than other DEXs on ICP. The platform's vision extended beyond a typical DEX, aiming to become a comprehensive DeFi platform that simplifies liquidity management, secure transactions, and multi-blockchain interactions. The project also benefited from being part of the Internet Computer ecosystem, which offers scalability and low transaction costs. KONG experienced an extreme drawdown from its December 16, 2024 all-time high, and the platform shut down on April 6, 2026. Cryptocurrency prices are highly volatile and investors may lose their capital.

What is KongSwap used for?

KONG serves multiple functions within the KongSwap ecosystem. Primarily, it is the governance token of the KongSwap SNS DAO, giving holders voting rights on proposals that shape the platform's future. KONG is also used within the platform's liquidity pools, where liquidity providers supply tokens and receive LP tokens representing their share. The token facilitates secure token swaps on the Internet Computer blockchain and supports the platform's multichain trading capabilities. Community discussions referenced planned Solana integration and prediction market features, but these were not delivered before the platform's April 6, 2026 shutdown. The token's utility was designed to expand as the platform evolved into a comprehensive multichain DeFi hub.

How Is the KongSwap ecosystem developing?

The KongSwap ecosystem was actively developing with several key initiatives underway before the platform's closure. On March 27, 2026, the KongSwap team announced the platform's closure; it shut down on April 6, 2026, with users asked to withdraw liquidity and tokens beforehand. The project had outlined plans for Solana integration, which would have expanded its cross-chain capabilities beyond the Internet Computer ecosystem. A prediction market feature was also under development, adding a new dimension to the platform's DeFi offerings. KongSwap operated as a DEX on ICP with a roadmap to become a multichain platform. The project established an SNS DAO for community governance and continued to develop its liquidity pool infrastructure. A November 14, 2024 presentation by CMO Aaron Bremser, "Kong Swap: The Next-Gen DEX on ICP," outlined the project's vision. The ecosystem remained in an early stage of development with significant room for growth.

How to mine KongSwap?

KONG is not mined through traditional proof-of-work mechanisms. Instead, the token is distributed through the KongSwap Service Nervous System (SNS) DAO on the Internet Computer. The SNS DAO operates with a reward rate of 2.5% over 5 years and a Max Age Bonus of 25%. Participants can engage with the ecosystem by providing liquidity to KongSwap's pools, for which they receive LP tokens representing their share. These LP tokens may generate returns through trading fees and other incentive mechanisms. KONG holders can also participate in SNS DAO governance. CodeGov operates a KONG neuron (Neuron ID 7c9b2c9a34256de9915767af6af0b57d7754059f7a2dc7b3dfd114ad4d553cde) that votes on all KongSwap proposals. Following the platform's April 6, 2026 shutdown, these reward and liquidity mechanisms are no longer operational.

How to keep your KongSwap Coin safe?

Following the platform's April 6, 2026 shutdown, users were instructed to remove liquidity positions, withdraw tokens, and clear their Internet Identity accounts. KONG remains an ICRC-1 token on ICP and can be held in ICRC-1-compatible wallets.