The MOBOX BSC GameFi Expo III airdrop in 2021 distributed up to 4,500 MBOX tokens to participants who completed educational tasks. Learn how it worked, why it was different, and what users gained long-term.
GameFi Expo III: Airdrops, Tokens, and What Really Happened
When GameFi Expo III, a 2021 blockchain gaming event that hosted token launches and airdrops for Play-to-Earn games. Also known as BSC GameFi Expo III, it was one of the last big moments where crypto gaming felt like a gold rush. Thousands rushed to claim free tokens—CYT from Dragonary, 3ULL from PLAYA3ULL, GEMS from Esports 3.0—but very few stopped to ask: What happens after the airdrop? Most of these tokens vanished. Prices crashed. Communities died. And today, you’ll find more scam sites pretending to offer "GameFi Expo III claims" than actual users holding the tokens.
Behind the hype were real projects trying to build something, but most lacked long-term plans. CYT, the native token of the Dragonary game on Binance Smart Chain gave out half a million tokens per person—and then collapsed under its own weight. PLAYA3ULL (3ULL), a token tied to a Web3 gaming ecosystem that distributed 20 million tokens in 2024 actually kept some momentum, but even that faded without consistent updates. And GEMS NFT, an NFT drop tied to CoinMarketCap’s watchlist and esports engagement? It was one of the few that stayed simple: no purchase, no wallet drain, just a free NFT for joining. But again—what did it do after the airdrop? Not much.
GameFi Expo III wasn’t a failure because the tech was bad. It failed because the incentives were broken. People chased free tokens, not games. Developers chased quick traction, not retention. The result? A graveyard of dead tokens with zero trading volume and no active wallets. Today, if you see someone offering "GameFi Expo III claims," it’s a scam. Real airdrops don’t ask for your seed phrase. They don’t promise instant riches. And they don’t vanish into thin air after a month.
What’s left of GameFi Expo III? A lesson. Not every airdrop is a gift. Some are just marketing smoke. The ones that mattered—like 3ULL and GEMS—still have traces of utility. The rest? Digital ghosts. Below, you’ll find real breakdowns of what happened with each token, who actually benefited, and how to spot the next wave of fake hype before you lose your wallet.