Dragonary, an upcoming Play-to-Earn gaming experience, is now available on Apeswap! Dragonary gives you the potential to earn just by playing. Instead of putting in lengthy hours and spending money as the customer, you are empowered to take control and earn based on your effort and skill.

IAO #007 Partner – Dragonary

Introduction to Dragonary

Dragonary is a brand new game being developed by CoinaryTV for Desktop, iPhone, and Android, where users can play to earn in-game currency. You can collect, trade, and breed various dragon NFTs as well as battle against the game or other players to win!

Your dragons represent your efforts in the game. You will be able to train, level up, evolve, and improve their lineage in order to obtain unique, rare, epic, legendary, and mythical dragons. These will not only be personal accomplishments, but you will also be able to demonstrate them in real-time against other players in a PVP arena, attempting to become the best of them all. There are more than 322+ million different-looking dragons and near-infinite stats combinations.

Check out the Dragonary website to learn more: https://dragonary.com

ApeSwap’s Initial Ape Offerings

An Initial Ape Offering (or IAO) is a funding mechanism used to launch new tokens and provide liquidity to these tokens at listing. To take part in an ApeSwap IAO, just make sure you have BNB or GNANA. For every IAO, the project team receives the BNB, while ApeSwap burns the GNANA.

How to participate in Dragonary IAO

There will be two offerings for Dragonary IAO on ApeSwap. The primary offering can be purchased with BNB and the secondary offering can be purchased using GNANA.

Primary Offering

  • Sales Page: IAO Page – https://apeswap.finance/iao
  • Launch Time: Saturday August 7th at 16:00 UTC
  • Token Price: $0.01 per $CYT (paid in $BNB)
  • For Sale: 60,000,000 $CYT
  • Hard Cap: $600,000
  • Duration: 12 hours (Everyone gets a chance to participate!)
  • Lock-up and Vesting: 25% of tokens will be released immediately after the IAO, and the other 75% will be unlocked over three months, 25% at a time!

Secondary Offering

  • Launch Time: Saturday August 7th at 16:00 UTC
  • Token Price: $0.01 per $CYT (paid in $GNANA)
  • For Sale: 50,000,000 $CYT
  • Hard Cap: $500,000
  • Duration: 12 hours (Everyone gets a chance to participate!)
  • Lock-up and Vesting: 25% of tokens will be released immediately after the IAO, and the other 75% will be unlocked over three months, 25% at a time!

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IAO 007 Token Claim Structure

As a result of ApeSwap Governance ‘Prop 2′ passing, the structure of IAO 007 will change from prior ApeSWap IAOs in two respects. First, the IAO will be 12 hours long rather than 1. Second, the IAO tokens that may be claimed will be vested over a period of three months.

The vesting schedule works like this:

  • IAO members will receive 25% of their tokens immediately after the IAO.
  • Following that, 25% of tokens will be issued each month for the next three months. Specifically, 25% one month later, 25% two months later, and 25% three months later.
  • Users would be able to claim any overflow tokens (e.g., excess GNANA or BNB) as soon as the 12 hour window for the IAO closes.

$CYT Tokenomics

Coinary Token ($CYT) is a token that operates on the ERC-20/BEP-20 protocol. $CYT may be used in the Callisto Network/CLO as well as the Binance Smart Chain (BSC). It is expected to integrate with Polygon Network in the future.

The $CYT token will limit inflation by restricting the maximum token amount to one billion tokens (1,000,000,000) that will be distributed across the Dragonary ecosystem over a ten-year period.

  • IAO Offering: 110,000,000 CYT – these tokens will be available on ApeSwap through their BNB and GNANA offerings.
  • IAO Pool Allocation & Marketing: 40,000,000 CYT – these tokens will be utilized for a GNANA staking pool, an NFA airdrop, and other co-marketing initiatives.
  • IAO Liquidity Allocation: 10,000,000 CYT – these tokens will be coupled with BNB from the IAO and added as starting liquidity on ApeSwap. This liquidity will be locked for six months.
  • In-Game Mining: 749,000,000 CYT – these tokens will be earned by Dragonary players!
  • Team: 50,000,000 CYT – Tokens for the team will be locked and vested over a 10-year period.
  • 41,000,000 CYT airdropped – these tokens were distributed to early testers and active community members. They may be used in-game but cannot be sold on any exchange for six months.

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Post Launch Pools & Farms on ApeSwap

  • $CYT listed on ApeSwap 🐵
  • $CYT-$BNB LP ➡️ Earn $BANANA 🍌
  • $GNANA staking pool ➡️ Earn $100,000 in $CYT 🤑

ApeSwap Introduction

ApeSwap is a leading decentralized exchange (DEX) on Binance Smart Chain and Polygon focused on offering a premier trading experience. Users are incentivized to pool liquidity on ApeSwap through yield farming to earn the native currency, $BANANA. Additionally, apes can use their earned $BANANA to stake and earn other tokens and unlock exclusive features. Built by DeFi apes, for DeFi apes, we have a dedicated team with years of experience who are committed to the DeFi community and growing the ApeSwap Jungle.

Official Links

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