What is KongSwap (KONG) crypto coin? A real-world look at the ICP-based DEX token
10 September 2025

KongSwap Gas Fee Calculator

Understand Your Savings

KongSwap enables zero gas fee swaps between ICP and SOL on the Internet Computer blockchain. This calculator shows how much you could save compared to Ethereum-based DEXs.

Note: Gas fees on Ethereum can vary significantly based on network congestion. This tool uses current average gas prices for illustration.
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Why This Matters

During peak Ethereum congestion in 2025, gas fees reached $50+ per transaction. For smaller swaps, these fees can exceed the value of your transaction. KongSwap eliminates this risk entirely with zero gas fees.

However, remember that KongSwap only supports ICP to SOL swaps and has limited liquidity. Use this calculator to determine if the gas savings are worth the trade-offs for your specific needs.

Most people asking about KongSwap (KONG) are wondering if it’s the next big crypto gem. The short answer? It’s not. But it’s not a scam either. KongSwap is a niche decentralized exchange built on the Internet Computer Protocol (ICP), designed for swapping ICP and SOL tokens with zero gas fees. That sounds great on paper-until you look at the numbers.

What KongSwap actually does

KongSwap isn’t another Uniswap or PancakeSwap. It doesn’t run on Ethereum or BSC. It’s built directly on the Internet Computer blockchain, using canister smart contracts that run code on-chain without needing bridges or wrapped tokens. This means users can swap ICP for SOL without paying gas fees-something no Ethereum-based DEX can do. The platform claims zero slippage and instant trades, processing transactions in about 1.3 seconds, which is faster than most Ethereum DEXs.

But here’s the catch: it only supports 12 token pairs. If you’re not holding ICP or SOL, you can’t use it. Even within the ICP ecosystem, it’s not the top choice. ICPSwap handles over half of all ICP-based swaps. KongSwap sits at third place with just 8.7% market share. It’s a tool for a tiny group of users-not a universal solution.

The KONG token: Supply, price, and liquidity

The KONG token is the native currency of the platform. Total supply is just under 1.1 billion tokens. But here’s the strange part: as of October 31, 2025, the circulating supply is listed as zero on CoinGecko. That means no tokens are actively traded on open markets. Yet, exchanges like Binance and Bitget still list KONG at around $0.003237.

Market cap? $0.00. That’s because circulating supply is zero. But the fully diluted market cap-meaning if every token was in circulation-ranges from $3.59 million to $15.38 million depending on the exchange. That’s a red flag. If no tokens are circulating, who’s trading? Why do prices vary so wildly?

Trading volume tells the real story. CoinMarketCap says KONG traded $1.36 million in 24 hours. Binance says $871. CoinGecko says $1,147. These numbers don’t match. That’s a sign of fragmented liquidity-likely from low-volume exchanges inflating numbers. For comparison, Uniswap’s UNI token trades over $1.2 billion daily. KONG trades less than $1,500. That’s not just small. It’s barely alive.

Why people still use it

There are real benefits for a very specific user: someone who owns ICP and wants to swap it for SOL without paying gas. On Ethereum, gas fees can hit $50 during spikes. On KongSwap? $0. That’s powerful for frequent traders in the ICP ecosystem.

Setting up an account is simple. You don’t need a seed phrase. You use an Internet Identity anchor-free and quick. The interface looks like Uniswap. If you’ve used a DEX before, you’ll figure it out in two minutes.

One Medium post from August 2025 praised it for letting a user swap ICP during a price surge when Ethereum gas was unaffordable. That’s the only glowing review found across all public forums. Most users don’t talk about it because they don’t use it.

A confused fox at a KongSwap shop being told only ICP and SOL are accepted, while a busier rival shop glows nearby.

The problems: Liquidity, support, and trust

Here’s where KongSwap falls apart.

  • Liquidity is nearly nonexistent. With under $1,500 in daily volume, it’s vulnerable to manipulation. Binance’s own risk framework flags tokens under $100,000 daily volume as “highly susceptible to pump-and-dump schemes.”
  • Customer support doesn’t exist. Trustpilot has seven reviews. Three say they couldn’t get help. Two say they couldn’t withdraw funds. The Telegram group has 1,247 members, but only 3 moderators. Average response time? 37 hours.
  • Slippage claims are misleading. The platform says “zero slippage.” But Reddit users report getting worse rates than ICPSwap. One user said a swap took 8 minutes with no gas-but the rate was 3% worse. That’s not zero slippage. That’s poor routing.
  • Documentation is bad. DeFi Education Project rated it 2.3 out of 5. API docs are incomplete. Developer guides are missing. If you’re not a casual user, you’re stuck.

What’s next? KongChain and the long-term gamble

The team announced KongChain-a sidechain meant to fix liquidity issues. Testnet is planned for Q1 2026. That’s a good sign. But it’s also a sign they know the current model isn’t working.

Some price predictors are wildly optimistic. DigitalCoinPrice says KONG could hit $0.79 by 2032. That’s a 24,000% jump from today’s price. It’s mathematically possible-if the entire ICP ecosystem grows 45% every year, if KongSwap becomes the dominant DEX, if liquidity explodes overnight.

But Binance Research says there’s only a 12% chance KONG survives five years. CoinDesk’s expert Elena Rodriguez put it best: “KongSwap solves real problems for ICP users with zero-gas swaps, but without significant liquidity improvements and broader token support, it will remain a niche player unlikely to achieve mainstream adoption even within the ICP ecosystem.”

A rocket labeled KongChain launches from a small planet as creatures wave goodbye under a sky of question marks and zero market cap numbers.

Should you buy KONG?

If you’re an ICP enthusiast who swaps ICP for SOL often and hates gas fees? Maybe. Try it with a small amount. See if it works for you.

If you’re looking for an investment? Don’t. The token has no circulating supply, no real trading volume, no community traction, and no institutional backing. Even if the price goes up, you won’t be able to sell. Exchanges may delist it tomorrow. There’s no safety net.

It’s not a scam. It’s not a revolution. It’s a tool for a tiny group of people trying to make ICP useful. And right now, that group is too small to matter.

How to use KongSwap (if you must)

  1. Go to kongswap.io (always double-check the URL-scams mimic this site).
  2. Click “Connect Wallet” and choose “Internet Identity.”
  3. Follow the prompts to create a free identity anchor (no seed phrase needed).
  4. Select your token pair: ICP ↔ SOL (only 12 pairs available).
  5. Enter amount and confirm. Transaction takes 1-3 seconds.
  6. Wait for confirmation. If it takes longer than 5 minutes, check the Telegram group for network issues.

Keep in mind: you can’t swap ETH, BTC, or most other tokens. You can’t use a MetaMask wallet. You need ICP or SOL to start. And you need to accept that support might not come back.

Is KongSwap (KONG) a real cryptocurrency?

Yes, KONG is a real token built on the Internet Computer blockchain. It’s not a scam project-it has a live platform, a published whitepaper, and active development. But it’s not a mainstream cryptocurrency. It has no circulating supply, negligible trading volume, and is only usable for swapping ICP and SOL. Its existence is real, but its utility is extremely limited.

Can I buy KONG on Coinbase or Binance?

You can find KONG listed on Binance and Bitget, but not on Coinbase, Kraken, or other major exchanges. Even on Binance, the trading volume is under $1,000 per day. That means if you buy KONG, you may not be able to sell it later. Liquidity is dangerously low. Only buy if you understand the risk of being stuck with an asset you can’t trade.

Why is the circulating supply of KONG listed as zero?

The circulating supply is listed as zero because, as of October 2025, no tokens are actively being traded on open markets. All KONG tokens are either locked, unclaimed, or held by the project team. This is unusual. Most tokens have at least some portion in circulation. A zero circulating supply means the market price is theoretical-it’s based on what someone claims the token is worth, not what people are actually paying for it.

Is KongSwap safe to use?

Technically, yes-it’s built on the secure Internet Computer blockchain. But safety isn’t just about code. It’s about support, liquidity, and reliability. Users report failed transactions, unresponsive support, and difficulty withdrawing funds. If something goes wrong, there’s no customer service team to help. Use only small amounts you’re willing to lose.

What’s the difference between KongSwap and ICPSwap?

Both are DEXs on the Internet Computer. But ICPSwap is the dominant player, handling over 50% of all ICP swaps. KongSwap is smaller, with less liquidity and fewer users. ICPSwap has better documentation, more token pairs, and stronger community support. KongSwap’s only real advantage is its claim of zero slippage-but users report worse rates than ICPSwap. Unless you have a specific reason to use KongSwap, ICPSwap is the better choice.

Will KONG ever reach $1?

It’s theoretically possible, but extremely unlikely. For KONG to hit $1, its market cap would need to exceed $1 billion. Right now, its fully diluted market cap is around $15 million. That means it needs over 65x growth just to reach $0.20. To hit $1, it needs over 300x growth. That requires massive adoption, liquidity, and trust-none of which currently exist. Even if the ICP ecosystem grows 10x, KongSwap would still need to become its #1 DEX, which is unlikely given ICPSwap’s lead.

Can I stake KONG to earn rewards?

No. KongSwap does not offer staking, liquidity mining, or yield farming. The platform is purely a swap tool. There are no rewards programs. Any website or social media post claiming you can earn passive income with KONG is misleading or a scam.

Is KongSwap regulated?

Currently, no. The Internet Computer blockchain operates outside most global crypto regulations. However, in October 2025, the European Commission announced that Internet Computer canisters (the smart contracts powering KongSwap) will fall under MiCA compliance rules. That means if KongSwap expands into Europe, it may need to register as a crypto service provider. For now, it operates in a legal gray zone.

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