Asher Draycott Jan
9

CYT BSC GameFi Expo Dragonary Airdrop: How It Worked and What Happened After

CYT BSC GameFi Expo Dragonary Airdrop: How It Worked and What Happened After

Back in October 2021, if you were even slightly involved in blockchain gaming, you probably heard about the Dragonary airdrop. It wasn’t the biggest airdrop of the year-Axie Infinity had already handed out hundreds of thousands in tokens-but it stood out because of how cleanly it was tied to actual gameplay. The event was part of BSC GameFi Expo III, a seven-day showcase hosted by Binance Smart Chain and CoinMarketCap. Three projects took part: Dragonary, Mobox, and DSG Metaverse. Each dropped around $20,000 worth of their native tokens. For Dragonary, that meant up to 500,000 CYT tokens for participants who followed the steps.

What Was the Dragonary Airdrop?

The Dragonary airdrop wasn’t just a free token giveaway. It was a gateway into a bigger world. Dragonary is a free-to-play RPG where you collect, breed, and battle dragons. You don’t need crypto to play. You can download it on Android, iOS, or PC and start fighting monsters right away. But if you did connect your wallet and joined the airdrop, you unlocked something extra: CYT tokens. These weren’t just digital collectibles. They were the engine behind the game’s economy.

CYT is a BEP-20 token built on Binance Smart Chain. Its total supply is capped at 1 billion tokens, but only 4.1% of that-41 million tokens-was set aside for airdrops and community rewards. The rest? 74.9% goes to players who earn it by playing. That’s unusual. Most GameFi projects give away tokens to investors first. Dragonary flipped that. The game itself was designed to be the main way you got rich.

How Did You Actually Get the Tokens?

Getting your CYT wasn’t as simple as signing up and clicking a button. There were steps. You had to:

  1. Follow Dragonary’s official Twitter account
  2. Like and retweet their airdrop announcement
  3. Tag three friends in the comments
  4. Connect your BSC-compatible wallet (like MetaMask)
  5. Watch the 15-minute Dragonary showcase on the BSC GameFi Expo livestream
  6. Pass a short quiz about the game
It took about 15 minutes for most people who knew what they were doing. But for newcomers? It was messy. A lot of users reported wallet connection errors. Some couldn’t get past the gas fee step-even though the expo claimed transactions were free. Others said the quiz didn’t load properly. Reddit and Twitter were full of frustrated posts. One user, @CryptoNewbie2021, tweeted: “Tried five times to connect my wallet. Failed every time. Feels like a scam.”

The official guide on CoinMarketCap’s airdrop page was clear, but it didn’t help much if your phone froze or your MetaMask timed out. YouTube tutorials became essential. One video by CryptoWithChris, viewed over 28,000 times, walked people through every step: “Make sure your BSC network is set up. Use 1.5 Gwei gas. Don’t rush the quiz.”

What Was the Real Value?

The airdrop promised up to 500,000 CYT. At the time of the event, CYT was trading at around $0.0004. That meant the top reward was worth about $200. For most people, it was closer to $20-$50. Not life-changing, but not pocket change either. Especially for someone who didn’t spend a dime to get it.

The real value wasn’t in the cash price. It was in access. Once you had CYT, you could use it to breed dragons, fuse items, or buy rare skins. And here’s the clever part: 80% of every in-game purchase was burned. That meant the more people played, the scarcer CYT became. The remaining 20% went back to players as rewards. It was a deflationary loop designed to keep the token valuable long-term.

Compare that to other airdrops in 2021. Axie Infinity gave out $100,000 in AXS tokens, but their tokenomics were chaotic-early holders dumped their tokens, crashing the price. Dragonary’s team had a 10-year vesting schedule. That’s rare. Most teams cash out in two years. This signaled they weren’t just here for a quick flip.

A girl playing Dragonary on a tablet as a mystical dragon spirit emerges from the screen.

What Happened After the Airdrop?

The hype died fast. Within 48 hours of the airdrop ending, CYT’s price dropped 32%. Trading volume fell to under $500 a day. By November, it was down to $0.0002. The market didn’t believe in the token yet. People who got it didn’t hold. They sold.

But the game didn’t die. Dragonary kept running. The team kept updating. They added new dragon types, new arenas, and even a PVP ladder system. They didn’t chase price. They chased players. And they kept giving out small airdrops-5 million CYT in 2023 for anniversary events, 2 million for community contests. That kept the core group engaged.

Today, CYT trades around $0.0009. It’s not a top 100 token. It’s ranked #5,832 on CoinGecko. But it’s still alive. And that’s more than most GameFi projects from 2021 can say. Bloomberg Intelligence estimates only 25% of 2021’s GameFi projects will survive past 2024. Dragonary might be one of them.

Why It Mattered

The Dragonary airdrop was a test case. Could a game attract crypto users without forcing them into wallets? Could it reward players without creating a speculative bubble? The answer was yes-but only if the game was good enough.

Unlike Axie Infinity, which needed you to buy NFTs to start, Dragonary let you play for free. You could enjoy the dragons, the battles, the art-without ever touching crypto. Then, if you got hooked, the tokens were waiting. That hybrid model was ahead of its time. Delphi Digital called it “potentially sustainable.” Other projects copied it later.

The expo format itself was smart. BSC used it to pull in casual gamers. At the time, 68% of BSC’s GameFi users weren’t crypto natives. Dragonary didn’t need them to understand blockchain. It just needed them to like dragons.

Players gathered around a magical tree where CYT tokens bloom like flowers in a sunlit forest.

Is It Still Worth It Today?

If you’re asking whether you can still get CYT from that 2021 airdrop-no, it’s long over. The window closed on October 30, 2021.

But if you’re wondering whether Dragonary is still worth playing? Yes. The game runs smoothly. The graphics are solid. The dragon breeding system is deep. And if you do connect your wallet now, you can still earn CYT by playing. You won’t get 500,000 tokens. But you can earn 5,000-20,000 a month just by logging in and completing daily quests.

The token’s liquidity is still low. Don’t expect to cash out easily. But if you’re in it for the long haul-five years, ten years-it’s one of the few GameFi projects where the team’s incentives still align with yours. Their tokens are locked for a decade. You’re not betting against them. You’re playing alongside them.

What You Should Know Now

- CYT is still active. The game is still live. The airdrop is dead, but the economy lives on.

- You can still earn CYT by playing Dragonary. No need to hunt for old airdrops.

- The token’s value is tied to gameplay, not speculation. Buy it if you play. Don’t buy it if you’re hoping to flip.

- Wallet issues still happen. Use MetaMask or Trust Wallet with BSC network properly configured.

- The team is slow, but steady. Don’t expect big updates every month. But they haven’t abandoned the project.

The Dragonary airdrop didn’t make headlines for long. But it taught us something important: the best crypto games don’t sell tokens. They sell experiences. And if the experience is good enough, the tokens will follow.

Was the Dragonary airdrop free to join?

Yes, joining the Dragonary airdrop was completely free. You didn’t have to pay to enter or claim tokens. However, you needed a BSC-compatible wallet like MetaMask, and you might have needed a small amount of BNB (around $1-$2) to cover gas fees when claiming your tokens. Some users reported wallet connection errors, but these were technical issues-not paid requirements.

How many CYT tokens could you earn from the airdrop?

The maximum reward was 500,000 CYT tokens. However, most participants received between 50,000 and 250,000 CYT, depending on how thoroughly they completed the required steps. The top reward was reserved for users who watched the full livestream, passed the quiz, and engaged fully with the social media campaign.

Is CYT still tradable today?

Yes, CYT is still tradable on decentralized exchanges like PancakeSwap. As of early 2026, it trades at around $0.0009316. However, liquidity remains low, with daily trading volumes under $500. It’s not listed on major exchanges like Binance or Coinbase, so you need a crypto wallet to buy or sell it.

Can you still earn CYT by playing Dragonary?

Absolutely. Dragonary continues to distribute CYT tokens as in-game rewards for completing quests, winning battles, and breeding dragons. The airdrop is over, but the game’s token economy is still active. Regular players can earn 5,000-20,000 CYT per month just by logging in and playing daily.

Why did CYT’s price drop after the airdrop?

After the airdrop ended, many recipients sold their tokens immediately, causing a 32% price drop in just 48 hours. This is common in GameFi airdrops-early users often cash out instead of holding. The token’s low liquidity and lack of exchange listings made it easy to dump. However, the project’s deflationary model (80% of purchases burned) has helped stabilize the price over time.

Is Dragonary still a good game to play in 2026?

Yes. Dragonary remains one of the few surviving GameFi titles from 2021 with active development and a loyal player base. The gameplay is solid, the graphics are polished, and the tokenomics are designed for long-term sustainability. If you enjoy RPGs and dragon collection games, it’s still worth trying-even if you’re not interested in crypto.

Asher Draycott

Asher Draycott

I'm a blockchain analyst and markets researcher who bridges crypto and equities. I advise startups and funds on token economics, exchange listings, and portfolio strategy, and I publish deep dives on coins, exchanges, and airdrop strategies. My goal is to translate complex on-chain signals into actionable insights for traders and long-term investors.

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6 Comments

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    Dave Lite

    January 10, 2026 AT 17:31

    Let me tell you - Dragonary was one of the few GameFi projects that actually got tokenomics right. 80% burn rate? That’s not just clever, that’s *sustainable*. Most teams dump their tokens and ghost, but Dragonary’s 10-year vesting? That’s a moonshot mentality. I’ve seen 50+ airdrops die in 6 months. This one’s still breathing. That’s the real win.

    And the fact you can play without a wallet? Genius. No forced NFT gatekeeping. You get hooked on dragons first, crypto second. That’s the future of Web3 gaming - not crypto-first exploitation.

    Also, the fact they kept doing micro-airdrops in 2023? That’s community love. Not just token pump-and-dump theater. Real retention. Respect.

    Low liquidity? Sure. But if you’re holding for 5+ years, you’re not trading - you’re farming. Like planting a tree and waiting for fruit. Most people don’t have that patience. That’s why CYT’s still alive while Axie’s a ghost town.

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    Denise Paiva

    January 10, 2026 AT 20:02

    Actually I find it fascinating how the entire narrative around this airdrop is so overly romanticized. You call it sustainable? I call it a slow-motion collapse with a pretty UI. The token’s at 0.0009? That’s a 55% drop from its peak after the airdrop. And you think burning 80% of purchases helps? That’s just a bandaid on a hemorrhage. The game isn’t saving the token - the token is dragging the game down with its dead weight. Nobody’s buying CYT because it has no utility beyond a few cosmetic skins. And don’t even get me started on the fact that it’s not listed on any major exchange. This isn’t a success story. It’s a graveyard with a sign that says ‘hope’.

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    Charlotte Parker

    January 12, 2026 AT 16:04

    Oh wow. Another one of you cultists showing up to worship the sacred dragon. Let me guess - you also think the team’s ‘steady’ progress is admirable? Steady? As in, ‘we haven’t updated the UI since 2022 and still charge 1.5 Gwei gas fees’? And you call this ‘sustainable’? Sweetheart, sustainability is when your project doesn’t need a 2023 ‘anniversary’ airdrop just to keep 300 people from unfollowing the Twitter account.

    And don’t give me that ‘they didn’t cash out’ nonsense. Of course they didn’t. Their wallets are locked. That’s not virtue - it’s legal insurance. The real winners? The early investors who dumped before the expo even ended. You’re just the sucker who showed up after the party and is still cleaning up the vomit.

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    Calen Adams

    January 13, 2026 AT 14:01

    Y’all are missing the point. Dragonary didn’t need to be the next Axie. It didn’t need to hit $100M market cap. It just needed to survive. And it did. While 75% of 2021 GameFi projects are dead, Dragonary’s still got active players, devs pushing updates, and a token economy that doesn’t collapse when the hype dies. That’s not luck. That’s engineering.

    And yes, the price is trash. But if you’re playing daily and earning 15k CYT/month? You’re not losing. You’re gaining gameplay. The token’s just a side effect. Think of it like a loyalty card for a game you love. You don’t cash in the points - you use them to unlock more content. That’s the model everyone else copied but never got right.

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    Valencia Adell

    January 13, 2026 AT 19:06

    Let’s be brutally honest. This is a zombie project. The team didn’t build a game - they built a Ponzi with dragon skins. The airdrop was a pump. The ‘burn mechanism’ is a magic trick to make people think the price will rebound. It won’t. Liquidity is under $500/day. No major exchange. No institutional interest. No roadmap beyond ‘we’ll update when we feel like it.’

    And you people are defending this like it’s a religious text? You’re not a player. You’re a hostage to hope. The only thing that’s ‘sustainable’ here is your delusion.

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    Sarbjit Nahl

    January 14, 2026 AT 06:56

    It is a fact that the Dragonary airdrop was a minor event in the broader context of blockchain gaming. The tokenomics are theoretically sound but practically irrelevant due to lack of adoption. The 80 percent burn rate is mathematically elegant but economically inert without real demand. The game remains a niche product with no global traction. One must question whether survival equals success. A candle still burns in a sealed room - but does it illuminate anything?

    The vesting schedule is not virtue. It is delay. Delay is not strategy. Strategy is execution. Execution is absent. Therefore the project is not exemplary. It is merely persistent.

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