## What Is Coinary Token (CYT)?

Coinary Token (CYT) is the native currency of the play-to-earn game Dragonary, deployed on [Binance Smart Chain](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain) (BSC). The token is distributed between players once a day, as a reward to users who have achieved specific goals. If a certain objective is met in the game, then a player receives a fixed share of tokens, which are minted each day.

CYT is used for a variety of purposes, including as a currency to reward players who make progress in the game. In order to unlock more tokens, players need to increase their rarity in the game. More precisely, gamers who breed and evolve their dragons’ stats will farm more CYT. Thus, CYT earnings directly depend on the progress (and, specifically, rarity) of the user’s account.

Dragonary is a free-to-play [NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) game launched in August 2021 and backed by Coinary LTD. Dragonary's goal is to reward all users with CYT tokens for investing their time in the game. And, according to the developers, the role-playing video game is designed for people of all ages and from anywhere in the world, including those with little to no knowledge of blockchain.

Who Are the Founders of Coinary Token?

Coinary LTD specializes in cryptocurrency information and entertainment. The company has its own YouTube channel called CoinaryTV, where you can meet its two co-founders - Alejo Chababo and Yohan Graterol.

Alejo Chababo is the CEO of the company. He joined the crypto world in 2016 and became one of the most significant miners in Latin America. Yohan Graterol, the COO at Dragonary and Coinary, also boasts an interesting background. Graterol has worked on projects such as Ethereum Classic, Ethereum Commonwealth, and Callisto since 2016. Prior to that, he led the engineering team of the Y Combinator startup for 7 years.

The rest of the team has a solid track record in the blockchain and gaming industry, which is reflected in the high-caliber nature of Dragonary. Among the crew members: Eduardo Jaime (Chief Content Officer), Rocío Mayorga (Head of Community), Gustavo Santome (Lead Designer), Daniel Alvarado (Game Developer Lead), Ramiro Chababo (Game Designer) and Melisa Mayorga (Customer Success VP).

What Makes Dragonary Unique?

The primary goal in Dragonary is to create a sophisticated army of dragons. Users can breed, level up, improve or train their dragons. Each dragon exists as a unique character and can be traded on the Marketplace. Their value depends on their rarity, level, skills and appearance. Players can also obtain rare mythical dragons for their collection. 

A player’s success rests on obtaining a collection of unique items and building a powerful army of dragons. Players can take their army of dragons into combat at two types of arenas that exist in the game. They can choose between PVE (Player vs Environment) and PVP (Player vs Player).

The economy within the game is entirely determined by players’ individual and collective actions. By progressing in the game and earning CYT tokens, users contribute to the development of the Dragonary economy. The tokens can be used both in the game’s marketplace and in the greater crypto market. Aside from Coinary Tokens, users can trade, consume and earn various items and power-ups that can be used for training, personalizing and improving their dragons. 

Dragonary Is Not Just For Crypto Enthusiasts 

Dragonary is a free RPG game available for download on Google Play, Windows, Mac OS, Android and iOS mobile devices. Moreover, anyone can play Dragonary, even if a player isn’t involved in the world of cryptocurrencies and knows nothing about blockchain technology. You don’t need to sync your crypto wallet or download additional software or third-party applications.

However, those knowledgeable about crypto will be pleased to know that all game processes and interactions are hosted on a fast and secure blockchain - BSC. Transactions are free, so users can buy, sell, trade, and create NFTs without worrying about network fees.

Related Pages:

Read about [Axie Infinity (AXS)](https://coinmarketcap.com/currencies/axie-infinity/) and [CryptoBlades (SKILL)](https://coinmarketcap.com/currencies/cryptoblades/).

Axie Infinity vs CryptoBlades: check out the top play-to-earn games [here](https://coinmarketcap.com/alexandria/article/cryptoblades-vs-axie-infinity-top-play2earn-games).

The latest data about [Binance Coin (BNB)](https://coinmarketcap.com/currencies/binance-coin/).

What are play-to-earn NFT games? Learn more with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/top-nft-games).

NFTs have tons of use cases, find out all the details by clicking [here](https://coinmarketcap.com/alexandria/article/what-is-a-non-fungible-token-nft).

How Many Coinary Token (CYT) Coins Are There in Circulation?

The CYT token uses [BEP-20](https://coinmarketcap.com/alexandria/glossary/bep-20) technology and can be utilized in Callisto Network / CLO and Binance Smart Chain ([BSC](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain)). The maximum supply of CYT is limited to 1 billion coins, which will be distributed over 10 years.

Coinary Token Initial distribution:

4,1% of Max Supply to Airdrop;

74,9% of Max Supply to mining within Dragonary;

5% of Max Supply to the team;

16% of Max Supply to investors.

CYT is a hyper-deflationary token. Coinary Token controls the Dragonary gaming system. Every transaction is carried out via CYT, and the Coinary marketplace converts the obtained coins into CYT. Each purchase inside the game generates a token burn (80% of each purchase), with the remaining 20% ​​allocated to players.

The Dragonary team will receive 50 000 000 $CYT, and since the developers trust their own product, tokens will remain locked for 10 years.

Users receive tokens by participating in the game, and CYT mining is similar to [Bitcoin (BTC)](https://coinmarketcap.com/currencies/bitcoin/) and [Ethereum (ETH)](https://coinmarketcap.com/currencies/ethereum/). Namely, a fixed number of coins are issued every day.

How Is the Coinary Token Network Secured?

Coinary Token (CYT) is a BEP-20 token launched on Binance Smart Chain (BSC). Therefore, the network is secured by Proof-of-Stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus mechanism.

Where Can You Buy Coinary Token (CYT)?

As of October 2021, the top three exchanges where you can buy, sell, and trade $CYT are [PancakeSwap (V2)](https://coinmarketcap.com/exchanges/pancakeswap-v2/), [ApeSwap (BSC)](https://coinmarketcap.com/exchanges/apeswap/) and [BabySwap](https://coinmarketcap.com/exchanges/babyswap/).

Want to keep track of Coinary Token (CYT) prices? Download the [CoinMarketCap crypto app](https://coinmarketcap.com/mobile/).

Read about product updates, partnerships and announcements with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


Coinary Token

MetaMask

Binance Chain Wallet

BNB Smart Chain (BEP20)

PancakeSwap

Trust Wallet Token

SafePal

BinaryX

NFPrompt

Velo

MOBOX

Cheelee

TokenFi

Seedify.fund

Beldex

MetFi

Hooked Protocol

Ontology Gas

ULTRON

Chappyz

Octavia AI

Fandomdao

Automata Network

MBOX is the native utility token that is used for:

The all-new ZKBase platform consists of three main parts: ZKSwap, the innovative Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare, and an NFT minting center and marketplace called ZKSea. With an all-new-look user interface, NFT support, unlimited token listing, smoother withdrawal, optimized efficiency, and multi-chain support, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more layer 2-based products in the near future.

ZKBase

Sologenic is disrupting the asset trading industry: Tokenized Securities, Crypto Assets & NFTs.

Sologenic.com and sologenic.org are two separate teams. Sologenic.org aka SOLO Core team’s focus is purely on the expansion of the Sologenic as a decentralized ecosystem while the sologenic.com team are working on the launch of an important use-case of the Sologenic ecosystem: Securities Tokenization

Sologenic

RACA

Biswap (BSW) is a decentralized exchange (DEX) for BEP-20 tokens on Binance Smart Chain (BSC). Biswap promises the lowest transaction fees of any BSC exchange at 0.1% and vows to be committed to innovation in DeFi through its high-quality products and services. Its referral system allows users to invite others and receive referral fees from farms, launch pools, swaps, and a lottery.

Biswap’s core products include the standard DEX functions like an AMM, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad. In its roadmap, Biswap targets the following:

Listing on major crypto exchanges

Improvements of its NFT marketplace

Cross-chain support

Limit orders

Lending & Borrowing

A personal user dashboard

A swap referral program

Furthermore, Biswap announced a $10 million global incentive program to collaborate with other BSC projects. Partners can expect a 90% fee reimbursement, farming pairs with BSW, a launch pool, marketing promotion, and grants for security audits and project development.

Biswap

Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming.

To learn more about this project, check out our deep dive of Coin98.

Coin98 aims to fulfill untapped demand in the industry and become a Gateway bridging TradFi users to any DeFi services on multiple blockchains. It accomplishes this mission through a full suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (cross-chain bridge).

Coin98 Wallet: Allows users to store, send, receive, manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 40 blockchains such as Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc on both mobile (iOS & android) and Chrome extension versions.

Coin98 Exchange: A multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Polygon.

Space Gate: A cross-chain bridge that enables swapping and transferring values across multiple networks.

The C98 token is the native utility token of the Coin98 platform and will be used to pay services fees, as staking incentives, for governance, and unique membership rights.

In the Coin98 roadmap, there are plans to develop a launchpad, a lending and borrowing platform, a megafarm, a derivatives market and an NFT marketplace.

In July 2021, Coin98 was a Binance Launchpad project.

Coin98

What Is Velas (VLX)?
Velas is a pioneering solana L1 Fork with Full EVM blockchain bridging the gap between EVM familiarity and unparalleled performance.

Velas is an highly unique dual-chain architecture, seamlessly merging the best of both worlds: the robust security and established developer ecosystem of the EVM with the lightning-fast transaction processing capabilities of Solana. This hybrid approach unlocks a treasure trove of possibilities for Ethereum projects seeking to escape congestion and scale to new heights.

The defining feature of Velas lies in its full EVM compatibility. Existing Ethereum smart contracts can be migrated seamlessly with a single click, eliminating the need for costly code rewrites and preserving the valuable expertise invested in the EVM ecosystem. This one-click migration paves the way for a smooth transition, allowing developers to leverage their existing skills and tools on a platform built for speed and scalability.

It leverages the power of Solana’s parallel transaction processing to deliver lightning-fast speeds exceeding 75,000 TPS. This translates to near-instantaneous transaction finality and minimal fees, a stark contrast to the congested and expensive environment of Ethereum. For dApps and users, this translates to a smoother, more efficient experience.

But speed is just the beginning. Velas is also:

Decentralized: No central authority controls the network. Power is in the hands of the community through a secure Proof-of-Stake (PoS) consensus mechanism.

Carbon-neutral: Velas is committed to sustainability, utilizing a green PoS mechanism that minimizes energy consumption.

Accessible: Building on Velas is a breeze with its extensive developer tools and EVM/Solidity support.

Velas

Mines of Dalarnia (DAR) is an action-adventure game with a blockchain real-estate market. MoD is based on a simple and simultaneously captivating gameplay, where users can mine and combine in-game items, then utilize them to upgrade their characters (skills and equipment), thereby increasing their rank in the game. Players can go in search of rare artifacts / relics / minerals, complete quests, team up with other players to defeat monsters and unlock rewards.

Mines of Dalarnia

Dvision Network

APENFT

SXP is the native utility token of the Solar blockchain. Users can stake it to secure the network and earn rewards, and pay transaction fees on the Solar blockchain. They can also help govern the Solar blockchain by proposing and voting on changes to the protocol, and earn rewards for providing liquidity. Additionally, Solar DApps use SXP as their primary currency.

Solar

Perpetual Protocol is a decentralized exchange (DEX) for futures on Ethereum and xDai. Traders can go long or short with up to 10X leverage on a growing number of assets like BTC, ETH, DOT, SNX, YFI and others. Trading is non-custodial, meaning traders always retain possession of their assets, and on-chain. Perpetual Protocol utilizes a virtual automated market maker (vAMM), which provides on-chain liquidity with predictable pricing set by constant product curves. Furthermore, Perpetual Protocol designed its vAMMs to be market-neutral and fully collateralized.

The declared vision of Perpetual Protocol is to create the world’s best, most accessible, and most secure decentralized derivatives trading platform. By building on our DeFi projects and allowing projects to build on Perpetual Protocol, the company embraces the “DeFi money lego” ethos. After hitting a number of milestones in its roadmap, such as launching staking pools and implementing limit and stop-orders, Perpetual Protocol plans to expand to other chains, introduce leveraged tokens, and launch dynamic liquidity in its pools.

Perpetual Protocol

MDEX is a new decentralized trading protocol that launched in January 2021.

MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain (HECO), which gives it access to the liquidity of the Ethereum ecosystem.

A trading platform built on top of HECO, MDEX has an estimated cost for token swaps at $0.001 for each trade, with a transaction speed of three seconds.

Mdex

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

The Sandbox

Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia's Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of that year. Tokocrypto’s latest project, TKO, is the first Indonesian cryptocurrency to offer a unique hybrid token model.

The token serves several purposes on the Tokocrypto blockchain platform and allows users to participate in crypto exchanges, deposit and savings programs, cross-platform DeFi applications, and NFT marketplaces. Toko Token was officially launched in April 2021 and has since attracted the attention of both private and enterprise users. The Tokocrypto platform was created in tandem with Binance, which serves as a significant backing for the project and its future development.

Toko Token

Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process.

BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.

Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB.

BakeryToken

Seedify.fund(SFUND) Seedify is a blockchain gaming-focused incubator and launchpad that empowers innovators and project developers through access to funding, community and partnership building, and a full support system to help drive the future of gaming and blockchain. Its ecosystem also includes an NFT launchpad for gaming and metaverse assets, along with the industry's first gaming-and-metaverse-asset-centric NFT marketplace, Seedify NFT Space.

Featuring an IGO launchpad with a tiered allocation mechanism, Seedify enables $SFUND holders to stake their tokens and earn staking rewards while gaining access to quality, procured blockchain gaming projects through private sales and initial game offerings. The launchpad's tier system consists of nine tiers. Tier 1 uses a lottery-based allocation process, while tier 2 to 9 participants enjoy guaranteed allocation.

Along with IGOs, stakers can also participate in initial NFT offerings (INOs) and initial metaverse offerings (IMOs) on Seedify's NFT Launchpad. Additionally, staking $SFUND, gives holders the opportunity to receive tokens from the projects that have been selected and supported by Seedify's incubation program.

Committed to bringing the opportunities offered through blockchain gaming and the play-to-earn model to billions around the globe, the Seedify team has established key relationships with numerous VCs and industry peers, to build an extensive support network for blockchain gaming and metaverse startups.

Interested game industry innovators submit their project proposal to the Seedify

Seedify acts as a launching pad for blockchain games and the disruptive play-to-earn gaming model. The gaming industry is gradually entering a new era — previously gamers may spend large sums of money on in-game items with no direct monetary benefits. However, they are now able to make money by earning in-game item non-fungible tokens (NFTs) and tokens, which is facilitated by the play-to-earn revolution.

Blockchain technology has not only opened up more opportunities for gamers and game developers, but it has also offered additional forms of benefits like transparency, ownership, incentive models and digital ownership through NFTs.

The team behind the Seedify project are pursuing a global goal: to acquaint gamers with the blockchain and increase the rate of technology adoption, attract a huge number of users, create more jobs and financial benefits.

Phala Network is a coprocessor for blockchains. Developers deploy “Phat Contracts,” off-chain program for coprocessors, enhancing dApps with connectivity, internet access, and heavy computation, overcoming web3 constraints.

Phala Network has one of the largest Trusted Execution Environments (TEE) on Intel Software Guard Extensions (SGX) hardware, which means that any code/data on Phala Network is protected from unauthorized access by users. Phala addresses developer concerns with expanded developer language support such as JavaScript and more, and ready-to-deploy Templates for seamless Phat Contract integration, streamlining the experience for web3 developers.

Phala stands at the forefront of Web3 innovation, fostering development through its Builders Program.