CYT Slippage Calculator
This calculator helps you understand how much slippage you might experience when trading Coinary Token (CYT) given its current liquidity conditions. Based on data from October 2023, CYT often experiences over 15% slippage on trades larger than $50.
Trade Estimate
Key Takeaways
- Coinary Token (CYT) is a BEP‑20 utility token built on Binance Smart Chain for the Dragonary play‑to‑earn game.
- It uses hyper‑deflationary mechanics that burn tokens on each transfer, but exact burn rates are not publicly verified.
- CYT’s market cap is under $200K, liquidity is very thin, and price swings can exceed 15% on modest trades.
- The token’s value is almost entirely tied to Dragonary; outside that ecosystem it offers little utility.
- Investors should weigh high volatility, limited audit coverage, and regulatory uncertainty before buying.
When you first hear the name Coinary Token (CYT) is a BEP‑20 cryptocurrency that powers the Dragonary NFT gaming platform. Launched in August2021 by CoinaryLTD, CYT was marketed as a “hyper‑deflationary” token that would become scarcer over time while rewarding gamers for breeding rare dragons. If you’re curious about how it actually works, what its technical specs are, and whether it’s worth a look in 2025, keep reading.
What Is Coinary Token (CYT)?
CYT is the native utility token of the Dragonary ecosystem, a play‑to‑earn (P2E) game where players collect, breed, and battle NFT dragons. The token’s primary purpose is to serve as the in‑game currency for buying dragon eggs, paying breeding fees, and claiming daily rewards. Because it lives on the Binance Smart Chain (BSC), transactions are cheap compared with Ethereum, typically costing between $0.05 and $0.15 per swap.
Technical Specs and Tokenomics
CYT follows the BEP‑20 token standard, which defines its total supply, decimal precision (18dp), and transfer functions. The contract address (0x2d8d…d3a9) was published on BSCScan, but it has never undergone a third‑party audit, a red flag for security‑conscious investors.
The tokenomics are built around three pillars:
- Hyper‑deflationary burns: a small percentage of every transaction is automatically sent to a dead address. The exact burn rate varies per transaction type and is not disclosed in the whitepaper.
- Emission schedule: new CYT is minted as rewards for completing in‑game milestones. The schedule is tied to the “rarity algorithm” that rewards players who evolve dragons to higher rarity tiers.
- Supply caps: the maximum supply is 1,016,264,762 CYT, with roughly 213million in circulation (about 21% of the cap) as of October2023.
Because 79% of tokens are unissued, the circulating supply can expand dramatically if the development team decides to release more, adding another layer of price volatility.
How CYT Powers the Dragonary Game
In Dragonary, each dragon is an NFT stored on BSC. Players start with a free dragon and can earn CYT by completing daily quests, winning battles, or achieving breeding milestones. The rarity of a dragon (Common → Legendary → Mythic) directly influences the amount of CYT awarded. For example, a Mythic dragon can yield up to 150CYT per quest, while a Common dragon might only give 5CYT.
All token transfers-whether rewarding a player, paying a breeding fee, or swapping on a decentralized exchange-trigger the burn mechanism. This design is meant to create scarcity: the more the game is played, the fewer tokens remain in supply.
However, the game’s economics have been criticized for demanding excessive grind time. Independent community surveys show that players often need 200+hours of gameplay before they see meaningful CYT earnings that offset gas fees.
Market Performance and Liquidity
According to CoinMarketCap data from October152023, CYT was priced at $0.0007692 with a market capitalization of roughly $164K. Daily trading volume hovered around $615, and 91% of that volume occurred on the CYT/WBNB pair on PancakeSwap. Such concentration creates severe slippage: trades larger than $50 often experience price impact above 15%.
The token’s dominance in the overall crypto market is negligible-about 0.000004%-meaning it rarely appears on major exchange dashboards. Liquidity pools are shallow, and large sell orders can push the price down dramatically, as evidenced by a Twitter user who lost $37.50 on a $100 CYT sale due to 22% slippage.
Price volatility is high. In the week following the “Rarity2.0” patch (October2023) the token dropped 11.47% in a single day, reflecting the community’s disappointment with unchanged reward structures.
Risks, Criticisms, and Regulatory Concerns
Several risk factors should be on any investor’s radar:
- Audit gap: No independent security audit has been released for the CYT smart contract, leaving it open to potential exploits.
- Liquidity risk: Thin pools on PancakeSwap mean large orders trigger high slippage and price manipulation.
- Utility limitation: Outside Dragonary, CYT has no known use cases. It can’t be used for payments, staking, or governance on other platforms.
- Regulatory exposure: The U.S. SEC’s 2023 token classification framework flags hyper‑deflationary gaming tokens as potential securities, which could lead to enforcement actions.
- Community sentiment: Reddit and Trustpilot analyses show over 75% negative sentiment, citing long grind times, wallet connectivity failures, and delayed support responses.
Because the token’s value is intrinsically linked to a single game, any drop in Dragonary’s active user base directly erodes CYT demand. DappRadar data shows daily active players fell from 12,500 at launch to under 2,000 by late2023.
Comparison with Other Gaming Tokens
| Metric | CYT (Coinary) | AXS (Axie Infinity) | SAND (The Sandbox) |
|---|---|---|---|
| Blockchain | Binance Smart Chain | Ethereum | Ethereum |
| Token Standard | BEP‑20 | ERC‑20 | ERC‑20 |
| Market Cap (Oct2023) | $164K | $1.1B | $1.8B |
| 24h Volume | $615 | $127M | $140M |
| Liquidity (Primary DEX) | PancakeSwap - shallow pool | Uniswap - deep pool | Uniswap - deep pool |
| Utility Scope | Single‑game (Dragonary) | Multiple Axie games, staking, governance | Marketplace, land, staking, gateway for metaverse |
| Audit Status | None publicly available | Multiple third‑party audits | Multiple third‑party audits |
The table makes it clear: CYT is a niche token with limited liquidity and almost no external utility, whereas AXS and SAND enjoy broad ecosystems, deep liquidity, and audited contracts.
How to Acquire, Store, and Trade CYT
Getting started with CYT is straightforward for anyone familiar with BSC wallets:
- Install a BSC‑compatible wallet such as MetaMask (version10.12.3+).
- Add the BSC network (Chain ID56, RPC URLhttps://bsc-dataseed.binance.org/).
- Obtain BNB for gas-usually a few dollars worth is enough.
- Visit PancakeSwap, connect your wallet, and swap BNB for CYT using the token contract address.
- After the trade, you can transfer CYT back to the Dragonary in‑game wallet to claim rewards or keep it in your external wallet for speculative holding.
Because the primary liquidity pool is thin, it’s wise to keep trade amounts under $50 to avoid massive slippage. If you need larger exposure, consider splitting the order into multiple smaller swaps spread over several hours.
Future Outlook
The next major development announced by Coinary LTD is an NFT marketplace integration slated for Q12024. If delivered, it could broaden CYT’s utility beyond Dragonary’s core gameplay. However, development activity on the GitHub repo has stalled-only three commits in September2023-so the timeline is uncertain.
Analysts at CoinGecko predict that unless daily trading volume surpasses $10K, the token risks delisting from most DEX aggregators. With current volumes stuck below $1K, the odds are not in CYT’s favor.
Regulatory pressure also looms. The SEC’s 2023 token classification framework treats hyper‑deflationary gaming tokens as securities, and any enforcement action could shut down trading channels entirely.
In short, CYT’s fate is tightly coupled to Dragonary’s ability to revive its player base. Without a significant uptick in active users or a genuine expansion of token utility, the token is likely to remain a high‑risk, low‑liquidity asset.
Frequently Asked Questions
What blockchain does CYT run on?
CYT is a BEP‑20 token that lives on the Binance Smart Chain (BSC).
How can I earn CYT inside Dragonary?
Players earn CYT by completing daily quests, winning battles, and breeding dragons to higher rarity tiers. The rarer the dragon, the larger the reward.
Is CYT audited?
No independent third‑party audit has been published for the CYT smart contract, which is a common criticism among security‑focused investors.
Where can I trade CYT?
The main liquidity pool is on PancakeSwap (CYT/WBNB pair). You can also find smaller pools on ApeSwap and BakerySwap.
What are the biggest risks of holding CYT?
Key risks include thin liquidity leading to high slippage, lack of audit, heavy dependence on a single game, and potential SEC classification as a security.
