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Pegaxy is a Horse Racing game built on the Polygon network. The current version of the game is an RNG or Random Number Generator game where races are simulated. Players can breed Pegas for other players to buy, but Pegas have a class and bloodline tier level to it. The innovation in this game is its internal renting system to make scholarships much more easy for the managers.
It internalized its scholarship program through a rental system on chain, reducing the time it takes for managers to transfer the NFTs between and the need to create and manage multiple accounts.
Objective 1: Home of Horse Racing in the Metaverse.
Objective 2: Providing an ecosystem where players can play, socialize, and work in the same space.
PGX is a native token of the Pegaxy ecosystem.
Pegaxy Stone (PGX)
Players will be able to get PGX rewards and voting powers when staking goes live. Large scale tournaments and other events will also yield PGX.
Distribution Schedule
Soruce: Pegaxy Whitepaper
Fabled Token
Total market supply is now at 722 as these were the only ones that were able to avail of the token during the event. The rest of the 3378 tokens were burned.
Source: Pegaxy Website
Crypto.com Capital
Invest firm prioritizing long-term partnerships with entrepreneurs in every sector of the industry lead by Co-founded of Crypto.com.
Kyber Ventures
Investment arm of the liquidity hub, Kyber Network
Shima Capital
Early-stage global venture firm backed by some of the top crypto exchanges.
Kyros Ventures
Kyros Ventures is a pioneer in incubating early stage blockchain and cryptocurrency projects in Vietnam.
Astrov Ventures
AstroV Ventures invests in potential gaming, NFT and DeFi projects.
Real Deal Guild
P2E social guild founded in the Philippines
Design of the environment in which the tokens and users exist in
Do they exist? If yes, what do they do and how do they participate in the ecosystem?
30 day volume and statistics has been trending up as of January 19, 2022
Source: DappRadar.
Built on POLYGON for Layer 2 transactions
Switching contract depending on where you will use your Pega. (Rent, Sell, Race, or Breed) Gas is needed in order to switch between uses.
RNG gameplay is prone to bots as there is no skill needed to earn from playing the game.
Onboarding is pretty straight forward. The marketplace has all the tabs a player needs in order to participate the game once they have USDT or PGX to purchase their Pega.
Rules of the game that people have to follow
Currently centralized to dev team
Currently centralized to dev team
Currently centralized to dev team
RNG racing simulation at the moment but a more skill-based gameplay will come out soon. A land system will also be introduced in the future.
Market-driven prices based on performance of Pegas. Pegas have bloodlines and breed types that affect their prices on the market.
Breed count also matters when determining the cost to breed the Pegas.
Source: Pegaxy Whitepaper
2022 Roadmap
Floor price for Pegas is at 777 USDT. The high demand for a limited number of pegas might hinder users to onboard to the game. But this can be mitigated once more breeders come in to take advantage of the high prices.
Centralized at the moment. No voting protocols in place.
Rules of the game that tokens have to follow
Only 5000 Pegas come from the Development team. These are the Legendary Pegas. All future Pegas need to be breeded by the community.
PGX – Governance Token. Current utility is to buy and breed Pegas
VIS – Utility Token. Main utility is to breed Pegas
Source: https://apollo.pegaxy.io/
No Staking at the moment. Players earn $VIS by competing in RNG races. Most $VIS is currently being burned through breeding.
Useful for non ERC-20 tokens. And how financial products are structured.
Pegaxy is a game that is still on the early stages of its development. Its innovation on Pega renting for scholarships make it attractive for guilds and managers to join the game. Introducing a more skill-based gameplay will take the game into new heights. Its tokenomics and breeding system follow that of GameFi powerhouse, Axie Infinity. Additional utility will be introduced to its governance token in the future. The game overall is trending upwards since its inception.
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