CYT Airdrop Value Calculator
Calculate the USD value of CYT tokens you received during the Dragonary airdrop. Enter the amount of CYT you received and select a historical date to see its value. The calculator uses real historical data from the article.
This calculation is based on historical CYT token prices mentioned in the article.
The CYT airdrop from the 2021 BSC GameFi Expo III wasn’t just another free token giveaway. It was a carefully designed experiment in blending casual gaming with blockchain economics - and it revealed both the promise and the pitfalls of GameFi at its peak.
What Was the Dragonary Airdrop?
In October 2021, Coinary Token (CYT) launched a token airdrop as part of the BSC GameFi Expo III, a seven-day event hosted by Binance Smart Chain and CoinMarketCap. Three GameFi projects participated: Dragonary, Mobox, and DSG Metaverse. Each gave away roughly $20,000 in tokens. Dragonary’s share? Up to 500,000 CYT tokens for users who completed a few simple steps. Dragonary itself was a free-to-play RPG where players collected and trained dragons. You didn’t need crypto to play - you could just download the app on Android or iOS and start battling. But if you were already into blockchain, you could link your wallet and earn CYT tokens through gameplay and events like the airdrop.How to Claim the CYT Airdrop
To get your share of the 500,000 CYT tokens, you had to do four things:- Visit the CoinMarketCap airdrop page during the event window (October 23-30, 2021)
- Connect a Binance Smart Chain-compatible wallet (like MetaMask)
- Watch Dragonary’s 15-minute showcase livestream on Binance’s YouTube channel
- Complete a short quiz about the game and tag three friends on Twitter
Why the Airdrop Mattered
The Dragonary airdrop wasn’t just about handing out free tokens. It was part of a bigger strategy by Binance Smart Chain to lure in non-crypto gamers. At the time, BSC had over 100 million unique addresses and was the second-largest blockchain after Ethereum. But most of its users were DeFi traders, not gamers. Dragonary’s design was smart. It let casual players enjoy the game without touching crypto. No wallet? No problem. But for those who did connect, they got real utility: CYT tokens could be used to breed dragons, upgrade gear, or enter tournaments. And here’s the twist - 80% of every in-game purchase (like breeding fees or fusion costs) was burned. That meant the total supply of CYT slowly shrank over time, which was supposed to make the token more valuable.
Tokenomics: How CYT Was Built to Last
Unlike many GameFi tokens that flooded the market and crashed, CYT had a slow, controlled release. The total supply was capped at 1 billion tokens, and they were meant to be distributed over ten years. - 74.9% went to in-game mining (players earned it by playing) - 16% went to investors - 5% to the development team - locked for 10 years, unlocked daily - 4.1% reserved for airdrops and community events The 10-year vesting for the team was unusual. Most projects lock tokens for 1-4 years. This signaled long-term commitment. Analysts at TokenInsight noted it was one of the most conservative team allocation models in 2021.What Happened After the Airdrop?
The hype didn’t last. Right after the airdrop ended, CYT’s price jumped to $0.0021. But within 48 hours, it dropped 32%. Why? Because many early claimers - especially those who didn’t even play the game - sold immediately. CoinGecko showed the 24-hour trading volume was only $461.02 a week later. That’s tiny for a token with a $10 million+ market cap at its peak. The community split. Some users praised the game’s accessibility. “I played Dragonary with my 12-year-old nephew. No crypto knowledge needed,” said one positive review on Trustpilot. But others complained about broken wallet connections, slow Telegram support, and lack of mobile app updates.
How It Compared to Other GameFi Airdrops
Compared to Axie Infinity’s $100,000 scholarship program or Gala Games’ $1 million airdrop, Dragonary’s $20,000 giveaway seemed small. But it wasn’t meant to compete on scale. It was meant to compete on integration. Axie Infinity forced users into crypto from day one. Dragonary didn’t. That made it more appealing to casual players - the exact group BSC wanted to attract. According to BSC’s own data, 68% of their GameFi users in 2021 had never owned crypto before. Other airdrops, like RACA’s during BSC GameFi Expo II, had similar mechanics. But Dragonary’s hybrid model - game first, crypto second - stood out. Delphi Digital called it “potentially sustainable” because it didn’t alienate non-crypto users.Where Is Dragonary Now?
As of 2025, Dragonary still exists. The game is playable on Android, iOS, and desktop. CYT is still being earned through gameplay, and the team has done smaller airdrops - like 5 million CYT tokens in Q1 2023 to celebrate the project’s anniversary. But the big vision - a full “Coinary multiverse” linking Dragonary with other games - has moved slowly. Only 45% of planned integrations were completed by mid-2022. The token’s price hovers around $0.00093, and its market cap ranks outside the top 5,000 on CoinGecko. The real legacy of the Dragonary airdrop isn’t the tokens people got. It’s the proof that GameFi can work without forcing blockchain on everyone. You don’t need to understand wallets to enjoy a dragon battle. But if you do? You can earn something real.Lessons Learned
The CYT airdrop taught us three things:- **Airdrops work best when tied to real gameplay** - not just social media tasks.
- **Tokenomics matter more than hype** - burning 80% of transaction fees was a smart move, even if the market didn’t reward it immediately.
- **User experience beats technology** - if your wallet connection keeps failing, no amount of “blockchain innovation” will save you.
Was the CYT airdrop free to join?
Yes, the airdrop itself didn’t require payment. But users needed a BSC-compatible wallet and a small amount of BNB (around $1-2) to cover gas fees when claiming tokens. Some users reported transaction failures even after paying fees, due to network congestion during the event.
Can you still claim CYT tokens from the 2021 airdrop?
No. The BSC GameFi Expo III airdrop ended on October 30, 2021. The claim window is permanently closed. However, you can still earn CYT today by playing Dragonary and completing in-game activities like battles, breeding, and quests.
Is Dragonary still playable today?
Yes. Dragonary is still available on Google Play, the App Store, and desktop platforms (Windows and Mac). The game remains free to play without a wallet. Crypto users can still connect their wallets to earn and spend CYT tokens in-game.
What’s the current value of CYT?
As of early 2025, CYT trades around $0.0009316 on CoinGecko. This is down from its post-airdrop peak of $0.0021 in November 2021. The token has low liquidity and trades on only a few decentralized exchanges, which limits its market movement.
Why did CYT’s price drop after the airdrop?
Many early airdrop recipients - especially those who didn’t play the game - sold their CYT immediately after claiming. This created a surge in supply with little demand, causing a 32% price drop in 48 hours. This pattern is common in GameFi airdrops where tokens are seen as speculative windfalls rather than utility assets.
Did the Dragonary team keep their promises?
The team delivered on the airdrop and kept the game running. However, their broader vision - a multiverse of interconnected Coinary games - has moved slower than expected. Only 45% of planned integrations were completed by 2022. The 10-year team token vesting schedule was honored, showing long-term alignment, but development pace has been inconsistent.