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Key Airdrop Insights
Airdrop Details: Total distributed: 500,000 CYT tokens worth ~$20,000 at peak.
Why Value Dropped: Many recipients sold tokens immediately, causing price crash from $0.0021 to $0.0009.
What Was the CYT Dragonary Airdrop?
The CYT Dragonary airdrop was part of the BSC GameFi Expo III, a seven-day event in October 2021 hosted by Binance Smart Chain and CoinMarketCap. It wasn’t just a free token giveaway - it was a way to bring real players into Dragonary, a free-to-play RPG game built around collecting and battling dragons. Users could earn up to 500,000 CYT tokens by completing simple tasks like following social media accounts, watching short videos, and answering quiz questions. The total value of the Dragonary portion of the airdrop was around $20,000, shared among thousands of participants.
How Did It Actually Work?
To claim CYT tokens, you didn’t need to buy anything. But you did need a few things ready:
- A Binance Smart Chain-compatible wallet (like MetaMask)
- At least $1-$2 in BNB to cover gas fees (even though they claimed "free transactions")
- Twitter and Telegram accounts to follow and engage with the project
The steps were straightforward:
- Visit the CoinMarketCap airdrop page for Dragonary
- Connect your wallet
- Watch the 15-minute Dragonary showcase livestream
- Complete a 5-question quiz about the game
- Like, retweet, and tag three friends on Twitter
Most people finished in 10-20 minutes. But many ran into problems - wallet connection errors, quiz glitches, or failed transactions. One user on Reddit said they got 250,000 CYT after watching the full stream and nailing the quiz. Another on Twitter said they tried five times and kept getting "transaction failed." The tech wasn’t perfect, especially for newcomers.
Why Did Dragonary Even Do This?
Dragonary wasn’t trying to make millionaires. It was trying to build a player base. The game was designed so you didn’t need to know anything about crypto to play. You could just download it on your phone, fight dragons, and enjoy the graphics. But if you were already into crypto, you could earn CYT tokens by playing, breeding dragons, or fusing items. And here’s the smart part: 80% of every in-game purchase, breeding fee, or fusion cost was burned - permanently removed from circulation. That meant fewer tokens over time, which could help keep the value steady.
The team behind Coinary Token didn’t hoard tokens. Only 16% went to investors. The biggest slice - 74.9% - was reserved for players who earned it through gameplay. Even the development team’s 5% was locked up for 10 years, with tiny daily unlocks. That’s unusual. Most projects give their team tokens that unlock in 1-2 years. Dragonary’s 10-year vesting showed they weren’t planning to dump and run.
How Did It Compare to Other Airdrops?
Compared to Axie Infinity’s $100,000 scholarship program, Dragonary’s $20,000 airdrop was small. But it was bigger than most indie GameFi projects, which often gave away under $5,000. What made Dragonary stand out was the context. It wasn’t a standalone giveaway. It was part of a bigger expo with three projects - Dragonary, Mobox, and DSG Metaverse - all running at once. That meant more visibility, more traffic, and more credibility.
Other airdrops like Splinterlands ran for months. Dragonary’s window was just seven days. That created urgency - but also frustration. People missed it because they didn’t check in time. And unlike Axie Infinity, which had millions of daily players by then, Dragonary was still unknown to most. The expo helped, but it wasn’t enough to make it go viral.
What Happened After the Airdrop?
Right after the airdrop ended, CYT’s price jumped to $0.0021. But within 48 hours, it dropped 32%. Why? Because many people who got the tokens didn’t believe in the game. They just wanted to cash out. That’s a common problem with airdrops - early winners dump tokens fast, crashing the price and hurting long-term players.
By late October 2021, CYT was trading at just $0.0009, with a 24-hour volume of only $461. That’s tiny. Low liquidity means you can’t easily buy or sell without moving the price. It also means fewer exchanges want to list it. As of 2025, CYT still trades at around $0.0009, with minimal volume. It’s not dead, but it’s not thriving either.
The team kept going, though. In Q1 2023, they ran another small airdrop - 5 million CYT tokens for their anniversary. They also promised to integrate Dragonary with other games in their Coinary multiverse. But as of late 2022, only 45% of those planned integrations were done. Progress has been slow.
Was It Worth It?
For the people who got it and held? Maybe. 500,000 CYT at $0.0021 would’ve been worth $1,050. But that peak didn’t last. At today’s price, it’s worth less than $500. Still, if you held onto it and used it in-game, you might’ve gotten more value than cash. Dragonary lets you use CYT to breed dragons, unlock rare items, and enter tournaments. If you played regularly, the tokens had real utility.
For the people who got it and sold right away? They made a quick profit - but they didn’t help the game grow. Airdrops only work if the recipients become active users. Too many people treated CYT like lottery tickets. And that’s why most GameFi projects fail.
Why Dragonary Still Matters
Dragonary was one of the first games to prove you didn’t need to be a crypto expert to enjoy blockchain gaming. You could play on your phone like any other RPG. No wallet? No problem. Want to earn tokens? Just connect your wallet and play. That hybrid model is rare. Most GameFi games force crypto on everyone, and that scares off casual players.
It also showed how airdrops could be used as real marketing tools - not just free tokens, but a way to teach people about a game. The livestreams, quizzes, and social tasks weren’t just busywork. They were onboarding steps. People who completed them understood the game better. That’s smarter than just spraying tokens into the void.
What Can You Learn From This?
If you’re thinking about joining a future airdrop, here’s what to ask:
- Is this a real game, or just a token with a flashy website?
- Are the team’s tokens locked up for years? (If not, they might dump.)
- Is the token actually used in the game, or just traded on exchanges?
- Is the airdrop part of a bigger event with real content, or just a tweet campaign?
Most airdrops are noise. Dragonary was a small signal. It didn’t change the world. But it showed how blockchain gaming could work - if you focus on players first, and tokens second.
Is There Still a Way to Get CYT Tokens?
You can’t claim the original BSC GameFi Expo airdrop anymore - it ended in October 2021. But you can still earn CYT by playing Dragonary. Complete daily quests, win battles, breed dragons, or fuse items. The game still runs on Android, iOS, Windows, and Mac. And yes - you can still connect your wallet and start earning tokens, even if the price is low.
The team still pushes small airdrops and community events. So if you’re into dragon games and don’t mind a slow-burn project, Dragonary might still be worth your time. Just don’t expect to get rich. Expect to play.
