Coinary (CYT) Live Price

What Is Coinary Token (CYT)?

Coinary token is the native currency of the Dragonary multiverse. Today, it is composed of the NFT game Dragonary, an RPG game developed by Coinary LTD. The game is available on Android, iOS mobile devices, Windows, and Mac OS. In the future, the developers have plans to add more play-to-earn games to the Dragonary multiverse. 

According to the developers, the game should reach a broad audience, including those who have little to no knowledge of blockchain. The ease with which one can play the game illustrates this concern. The game does not even require downloading additional software or connecting it to a crypto wallet.

It is common for players to receive CYT fixed shares in exchange for achieving specific goals and completing certain objectives. Moreover, as the transactions are free, players don’t need to worry about network fees.

Who Are the Founders of Coinary Token?

Professionals with years of experience in gaming and blockchain make up Dragonary's team.

Alejo Chabado, CEO of the company, is a significant miner and one huge reference in the Latin American crypto scene. Yohan Grateol, COO and co-founder of Dragonary, has an interesting background: he led the Y combinator startup team for almost a decade, besides having already worked on well-known projects such as Ethereum Commonwealth, and Ethereum Classic.

Other crew members have a solid track record in the blockchain crypto market, including Melisa Mayorga, Rocío Mayorga, Gustavo Santome, Ramiro Chababo, Eduardo Jaime (Chief Content), and Daniel Alvarado.

With such experienced members, we could expect nothing but a game of such high-caliber nature.

What Makes Dragonary Unique?

Dragonary is a crypto-based game where players need to create a sophisticated army of dragons, then take their little ones into battles that occur in two types of arenas: PVP and PVE arenas. 

It is possible to transform dragons into NFTs of seven different classes. To turn a normal dragon into an NFT, players must upgrade it. When dragons are enhanced in power, players can exchange them.

Another option is to keep the dragons in formation and create a powerful army. Besides the dragons, players can exchange a collection of unique items with other players, such as equipment, power-ups, and more.

How Is the Coinary Token Network Secured?

Coinary Token, which is based on BEP-20 technology, can be used in Binance Smart Chain (BSC) and Callisto Network (CLO). Binance Smart Chain (BSC) is a secure blockchain known for its low fees and security. As a result, the Proof-of-Stake (PoS) consensus mechanism ensures network security.

How Many Coinary Token (CYT) Are in Circulation?

Dragonary token (CYT)is a hyper-deflationary token. To avoid inflation, developers have limited Coinary coin maximum supply to an amount of 1 billion coins. The initial Coinary distribution is as follows

CYT is used in every transaction, and the Coinary marketplace converts the obtained coins into CYT at the end of a transaction. The Dragonary team will receive a fixed number of coins for the next 10 years.

Where Can You Buy Coinary Token (CYT)?

There are several exchanges for trading where people buy, sell, and trade Coinary Token (CYT). The most popular crypto exchanges to buy Coinary Token are Pancakeswap, BabySwap, and ApeSwap. For more information, please visit the exchanges page.