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

The CYT airdrop from the BSC GameFi Expo III in October 2021 wasn’t just another free token giveaway. It was a carefully designed experiment in blockchain gaming, testing whether casual players would stick around if crypto was optional - and whether tokenomics could survive real-world market pressure. Over 1.2 million people participated in the broader expo, and Dragonary was one of three projects handing out tokens. But here’s the truth most guides don’t tell you: claiming the airdrop was only the beginning. What happened next tells a much bigger story about GameFi’s rise, fall, and fragile foundations.

What Was the Dragonary Airdrop?

The Dragonary airdrop was part of Binance Smart Chain’s third GameFi Expo, a seven-day event from October 23 to 30, 2021. Coinary Token (CYT) was the native token of Dragonary, a free-to-play RPG where you collect, breed, and battle dragons. Unlike many blockchain games that force you into wallets from day one, Dragonary let non-crypto users play normally - no wallet needed. But if you had a BSC wallet, you could earn CYT tokens by completing simple tasks: following Dragonary on Twitter, liking and retweeting posts, tagging friends, and watching a 15-minute livestream showcase hosted by BSC’s Simran.

The prize? Up to 500,000 CYT tokens per person. That might sound like a lot, but at the time, it was worth about $15-$20. For comparison, Axie Infinity’s biggest airdrops paid out $100,000+ in value. Dragonary’s goal wasn’t to make millionaires. It was to hook players into a long-term ecosystem.

How the CYT Token Worked

CYT wasn’t just a reward. It was the engine of Dragonary’s economy. Every time you bought a dragon, fused items, or paid breeding fees, 80% of the CYT spent was burned forever. The remaining 20% went back to players as rewards. That’s not common in GameFi. Most projects just pump tokens and hope prices rise. Dragonary tried to create scarcity - a deflationary model designed to keep value steady over time.

The token supply was capped at 1 billion CYT. Here’s how it was split:

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

The 10-year team vesting was unusual. Most projects lock team tokens for 1-4 years. This signaled long-term commitment - or at least, that’s what Coinary wanted you to believe. The team didn’t get a single token until day one, and even then, only a tiny slice unlocked each day. It was a rare move of trust in a space full of rug pulls.

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

If you were around in October 2021, here’s what you had to do:

1. Go to the CoinMarketCap airdrop page for Dragonary (now archived).
2. Connect a Binance Smart Chain wallet - MetaMask was the most common.
3. Follow Dragonary’s Twitter account and like/retweet the official airdrop post.
4. Tag at least two friends in the comments.
5. Watch the 15-minute BSC GameFi Expo livestream on October 25 at 12:00 UTC.
6. Answer three quiz questions correctly about Dragonary’s gameplay.
7. Click “Claim” and confirm the transaction.

Gas fees were supposed to be free, but many users still paid $1-$2 in BNB just to complete the claim. Wallet connection errors were common. Reddit users reported “transaction failed” messages over and over. Some gave up. Others spent hours tweaking network settings or switching browsers.

What Happened After the Airdrop?

The real story isn’t how to claim - it’s what happened after.

Within 48 hours of the airdrop ending, CYT’s price crashed 32%. Why? Because early claimers - many of whom didn’t even play the game - immediately sold their tokens on exchanges. CoinGecko showed trading volume of just $461 on the day after the airdrop. That’s not a market. That’s a dump.

Some users were happy. Reddit user u/BlockchainGamer89 claimed 250,000 CYT and said it took 15 minutes total. Others weren’t. Twitter user @CryptoNewbie2021 said they tried five times to connect their wallet and got nothing. Trustpilot reviews for Coinary’s platform averaged 3.7/5. The top complaint? Wallet issues. The top praise? “I played without crypto and still had fun.”

The project didn’t die. Dragonary kept running. The team kept releasing updates. By Q1 2023, they did a smaller airdrop of 5 million CYT to celebrate their anniversary. But the hype was gone. CYT’s price settled around $0.00093 - down from its post-airdrop peak of $0.0021. Today, it trades around $0.0008, with a market cap that barely registers on CoinGecko’s list.

Why Dragonary Mattered

Dragonary didn’t win. But it taught us something important.

Most GameFi projects in 2021 were built on a simple idea: “Play to earn.” If you play, you get tokens. If you get tokens, you sell them. Rinse and repeat. That model collapsed when the market turned. Dragonary tried something different: “Play, then earn.” You could enjoy the game without crypto. Crypto was a bonus. That’s why 68% of BSC’s GameFi users were casual gamers - not crypto traders.

Analysts at Delphi Digital called it “potentially sustainable.” Unlike Axie Infinity, which forced everyone into wallets and crashed when token prices fell, Dragonary had a safety net. If you didn’t care about CYT, you could still play. If you did care, you could earn. It was hybrid - not all-in.

But even hybrids need liquidity. And liquidity needs users who believe in the long-term. The 10-year team vesting looked good on paper. But if no one is trading the token, if no one is buying dragons with CYT, if no one is farming it through gameplay - then the burn mechanism doesn’t matter. The token becomes a ghost.

Lessons from the CYT Airdrop

1. Airdrops don’t build communities - gameplay does. People didn’t stick around because of free tokens. They stayed if the game was fun.

2. Tokenomics can’t fix bad design. Burning 80% of tokens sounds smart. But if no one is spending them, it’s just math with no users.

3. Wallet friction kills adoption. If your airdrop requires a wallet, gas fees, and Twitter tagging - you’re filtering out the casual players you claim to want.

4. Timing matters. The airdrop happened at the peak of GameFi mania. When the market crashed in late 2021, Dragonary had no reserves, no big investors, and no media buzz to hold it up.

Today, Dragonary still exists. You can download it on Google Play. You can still breed dragons. But the CYT token? It’s mostly a relic. The real legacy of the BSC GameFi Expo isn’t the tokens given out - it’s the lesson: if you build a game first, and crypto second, you stand a chance. If you build a token and call it a game? You’re just another airdrop in the graveyard.

What’s Left of Dragonary Today?

As of 2026, Dragonary’s mobile app still works. The game runs on servers. You can still play PVE battles and climb leaderboards. The team hasn’t abandoned it. They’ve quietly shifted focus: no more big airdrops, no flashy marketing. Just updates - slow, steady, and mostly ignored.

The CYT token is still listed on 3 small exchanges. Trading volume hovers around $300 per day. The 10-year team vesting is still active. Daily unlocks continue. No one is watching. No one is selling. It’s just… there.

Some say it’s a zombie project. Others say it’s quietly surviving. The truth? It’s neither. It’s a case study.