CYT BSC GameFi Expo Dragonary Airdrop: How to Claim and What Really Happened

Back in October 2021, thousands of crypto users rushed to claim free CYT tokens through the Dragonary airdrop on Binance Smart Chain. It wasn’t just another giveaway - it was part of a seven-day GameFi expo hosted by Binance Smart Chain and CoinMarketCap, featuring three big blockchain games. Dragonary was one of them. And if you missed it, you’re not alone. Most people didn’t understand what they were signing up for, or how to actually get the tokens. Here’s what really happened - and why it matters even today.

What Was the Dragonary Airdrop?

The Dragonary airdrop was a distribution of up to 500,000 CYT tokens per user during the BSC GameFi Expo III, which ran from October 23 to October 30, 2021. Coinary Token (CYT) is the native utility token of Dragonary, a free-to-play RPG where players collect, breed, and battle dragons. The airdrop wasn’t just about giving away free crypto. It was designed to bring in new players - both crypto-savvy and total beginners.

What made Dragonary different? You didn’t need to know anything about wallets or blockchain to play. Casual gamers could download the app on Android or iOS and start battling dragons right away. But if you were into crypto, you could connect your wallet and earn CYT tokens by playing, breeding dragons, or completing in-game tasks. The airdrop was the gateway.

According to the Dragonary whitepaper, 4.1% of the total CYT supply - that’s 41 million tokens - was set aside for airdrops and community events. The BSC GameFi Expo III was the biggest single distribution. Each of the three projects in the expo (Dragonary, Mobox, and DSG Metaverse) gave out about $20,000 worth of their tokens. For Dragonary, that meant thousands of users walked away with hundreds of thousands of CYT tokens.

How to Claim the Airdrop (Step-by-Step)

If you were active in crypto back then, you probably remember the process. It wasn’t hard - but it was messy. Here’s exactly what you had to do:

1. Visit the CoinMarketCap airdrop page for Dragonary.
2. Connect a Binance Smart Chain-compatible wallet (MetaMask, Trust Wallet, etc.).
3. Follow Dragonary’s official Twitter account.
4. Like and retweet the airdrop announcement post.
5. Tag three friends in the comments.
6. Watch the live 15-minute Dragonary showcase on Binance’s YouTube channel (hosted by Simran on October 25 at 12:00 UTC).
7. Complete a short quiz based on the video.
8. Click “Claim Tokens” and confirm the transaction in your wallet.

Simple? Maybe. But users reported major issues. Many couldn’t connect their wallets. Others got “transaction failed” errors even after paying gas fees. Some said the quiz didn’t register their answers. Reddit user u/BlockchainGamer89 claimed they got 250,000 CYT after spending 15 minutes on the whole process. But Twitter user @CryptoNewbie2021 said they tried five times and gave up, calling it “typical airdrop scam vibes.”

Gas fees were another headache. Even though the expo claimed “free transactions,” users still needed at least $1-$2 in BNB to cover network costs. If you didn’t have it, you couldn’t claim. And if your wallet wasn’t set up for BSC, you were stuck.

Why the Airdrop Wasn’t Just a Giveaway

This wasn’t a charity. Dragonary and Coinary were building a long-term ecosystem. The tokenomics were designed to last.

Here’s the breakdown of CYT supply:

• 74.9% - 749 million tokens - for in-game mining (earned by playing)
• 16% - 160 million tokens - for investors
• 5% - 50 million tokens - for the development team, locked over 10 years
• 4.1% - 41 million tokens - for airdrops and community events

The 10-year vesting for the team was unusual. Most projects lock team tokens for 2-4 years. Dragonary’s 10-year plan signaled they weren’t planning to dump and run. That’s rare in GameFi.

Also unique: up to 80% of all in-game purchases - like breeding dragons or fusing items - were burned. That meant the total supply of CYT slowly decreased over time. The remaining 20% went back to players as rewards. It was a deflationary model built into gameplay, not just marketing.

What Happened After the Airdrop?

The hype didn’t last.

Within 48 hours of the airdrop ending, CYT’s price dropped 32%. CoinGecko data showed the token trading at $0.0021 right after the event, then falling to $0.0014. By late October, it was hovering around $0.0009. Trading volume was tiny - just $461 in 24 hours. That’s not a liquid market. It’s a graveyard for early claimers who sold immediately.

Why? Because most people didn’t care about the game. They just wanted free tokens. As crypto economist Alex Thorn pointed out in a CoinDesk op-ed, that’s the flaw in most GameFi airdrops: early recipients dump tokens, creating volatility that hurts real players.

Trustpilot reviews from Q4 2021 showed mixed results. 68% of positive reviews praised the easy mobile gameplay - no crypto knowledge needed. But 82% of negative reviews complained about wallet connection errors during airdrops. The app worked fine for casual players. The crypto side? Broken.

How Dragonary Compared to Other GameFi Airdrops

In October 2021, GameFi was exploding. Axie Infinity had already distributed $100,000 in its scholarship program. Gala Games gave away $1 million. Dragonary’s $20,000 airdrop looked small.

But here’s the twist: Dragonary didn’t need to compete on size. It competed on accessibility. While Axie Infinity required players to buy NFTs to start (costing hundreds of dollars), Dragonary let anyone download the app and play for free. That’s why it targeted the 68% of BSC users who were casual gamers, not crypto traders.

Other airdrops like Splinterlands ran for six months. Dragonary’s window was just seven days. That limited participation. But it also created urgency - and that’s what BSC wanted. The GameFi Expo format was their strategy: bundle three projects, run daily livestreams, add quizzes, and keep users engaged. BSC GameFi Expo II had drawn 1.2 million participants. Expo III was aiming for more.

Is CYT Still Worth Anything Today?

As of November 2025, CYT is still listed on CoinGecko, but it’s ranked #5832 by market cap. The token trades at around $0.00093. Trading volume is still low - under $500 daily. The project hasn’t collapsed, but it hasn’t taken off either.

Dragonary’s team has kept going. In Q1 2023, they ran a smaller airdrop for 5 million CYT tokens to celebrate their anniversary. They’re still working on integrating Dragonary into other games in the Coinary multiverse - though only 45% of planned integrations were completed by Q3 2022, according to their public tracker.

The real question isn’t whether CYT will rebound. It’s whether the game still matters. Dragonary still has active players. The mobile app still works. You can still breed dragons, fight in PVE and PVP arenas, and earn tokens - even without connecting a wallet. That’s its strength. It doesn’t force crypto on people. It lets them opt in.

Lessons from the Dragonary Airdrop

If you’re thinking about joining a future airdrop, here’s what you should remember:

• Don’t chase free tokens. If you don’t care about the game, you’ll just sell and lose money.
• Check the tokenomics. Is there a burn mechanism? Is the team vested long-term? Those are signs of real commitment.
• Test the app first. Can you play without a wallet? If yes, it’s more likely to survive.
• Watch the volume. If the token has less than $1,000 daily trading volume, it’s not liquid. You won’t be able to cash out easily.
• Expect tech issues. Wallet connections fail. Quizzes glitch. Gas fees surprise you. Be patient.

The Dragonary airdrop was never meant to make people rich. It was meant to grow a community. And in that, it partially succeeded. Thousands of new players tried the game. Some stuck around. Others moved on. The token? Still hanging on. Not because of hype - but because the game still works.

Frequently Asked Questions

What to Do Next

If you’re curious about Dragonary today, download the app and play for free. See if you enjoy the gameplay. If you do, then consider connecting your wallet and earning CYT through in-game actions - not airdrops. The real value isn’t in the token price. It’s in the experience.

Most GameFi projects fail because they’re built for speculation, not fun. Dragonary survived because it was built for players first. That’s the lesson the whole industry should’ve learned.