Dragonary Whitepaper
English Whitepaper
English Whitepaper
  • Dragonary - The Game
  • Gameplay
    • Dragons
      • Elements
      • Rarities
    • PVE Battle
      • Basic Combat
      • Story Mode
      • Ember Missions
      • Dungeons
      • Drago
    • Arena - PVP Battle
    • Breeding Dragons
    • Light Genes
    • Disenchanting Dragon
    • Game Items
    • Equipment
    • Chests/Loot Boxes
    • Energy within the game
    • Islands
  • Game requirements for Dragonary
  • Coinary Tokens (CYT) - Tokenomics
    • Mining $CYT Tokens
    • Account Rarity Type
    • Mining ETH vs Mining CYT
    • ECT
    • Staking
    • Coinary Token Airdrop
  • Fan Art and Community
    • Content Creators Program
  • Technology behind Dragonary
  • Releases
  • Roadmap
  • Team
  • Whitepaper Changelog
  • Smart Contracts and Wallets
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Coinary Tokens (CYT) - Tokenomics

PreviousGame requirements for DragonaryNextMining $CYT Tokens

Last updated 3 years ago

Coinary Token ($CYT) is a token that uses BEP-20 technology.

The aim of $CYT is to avoid inflation by limiting the maximum token quantity to one billion tokens (1,000,000,000) that will be distributed over ten years in Dragonary.

This token is used as a cryptocurrency / main token within Coinary multiverse, Dragonary included. Each purchase in Dragonary and other Coinary games will be done with $CYT. Coinary marketplace will convert the cryptocurrencies received from users into $CYT, and these will be deposited in each user account selling items in the marketplace.

Every in-game purchase, breeding commission, and items fusion commission will generate a tokens burn of up to 80% of the cost of each purchase or commission, and the remainder 20% will be allocated to all players. In this way, new tokens creation will be prevented from making $CYT deflationary by default.

Initial tokens distribution

Token Quantity

Max Supply

Airdrop with CoinaryTV community

41,000,000

4.1%

Mining within Dragonary

749,000,000

74.9%

Team (10-year vesting)

50,000,000

5%

Investors

160,000,000

16%

Dragonary team will receive 50 million tokens, which will remain blocked for 10 years. $CYT for the team will be unblocked daily until reaching a total of 50 million. Generally, in the industry, other teams block tokens for 2-4 years. We trust our products, this is why we decided to block the tokens for 10 years and thus, provide a feeling of tranquility to our community.